Generative AI Cybersecurity Startup Nexusflow Raises $10.6M Seed Round to Unlock Potential of AI-Powered Security

Nexusflow, a Generative AI cybersecurity startup, raises $10.6M seed round led by Point72 Ventures
Founded by UC Berkeley AI experts and former SambaNova Systems ML Director
Unlocks potential of security products with Generative AI, achieving 95% accuracy
Releases NexusRaven model to synthesize enterprise data and accelerate workflows
Specializes in curating high-quality data and efficient AI implementations for lower costs

businesswire.com

Relevant topic timeline:

8/16/2023

Gen AI solutions startup DynamoFL raises $15 million led by Nexus Venture Partners, Canapi Ventures

Main topic: DynamoFL, a privacy- and compliance-focused generative artificial intelligence (AI) solutions startup, has raised $15.1 million in a series A funding round. Key points: 1. The funding round was led by Nexus Venture Partners and Canapi Ventures. 2. The capital will be used to expand DynamoFL's team of machine learning scientists and privacy experts. 3. The startup aims to scale its team in India and expects to have 25 percent of its workforce there.

8/31/2023

Floworks is building an AI assistant to change how workers interact with software

Floworks, an AI assistant designed to enhance the worker experience by helping with mundane enterprise tasks, has raised $1.5 million in seed funding and aims to differentiate itself by offering interoperability across multiple applications.

9/13/2023

U.S. tech giants sign White House pledge for responsible AI after ChatGPT launch

Eight additional U.S.-based AI developers, including NVIDIA, Scale AI, and Cohere, have pledged to develop generative AI tools responsibly, joining a growing list of companies committed to the safe and trustworthy deployment of AI.

9/14/2023

LastMile AI Raises $10M to Make AI Model Integration Easier for App Developers

LastMile AI has raised $10 million in a seed funding round to develop and integrate generative AI models into apps, aiming to democratize generative AI for software engineers and simplify the AI developer journey.

10/16/2023

IDC Predicts Generative AI Spending to Surge to $143 Billion by 2027 with 73% Growth Rate, Accounting for Over a Quarter of Total AI Spending

Spending on generative AI solutions, which includes software, hardware, and IT/business services, is predicted to reach $143 billion by 2027, with enterprises investing nearly $16 billion in 2023 alone, according to a new report by International Data Corporation (IDC). This represents a compound annual growth rate of 73.3% over the 2023-2027 forecast period and demonstrates that generative AI is becoming a transformative technology with significant business impact.

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Posted 9/28/2023, 3:00:00 PM