New York, USA-based leader in AI-driven Narrative and Risk Intelligence, Blackbird.AI, raised USD 20 million in Series B. The round took place on June 14, 2023. Cybersecurity investor Ten Eleven Ventures led the financing for the company. Meanwhile, Series B saw follow-on support from existing investors Dorilton Capital, Generation Ventures StartFast Ventures and Trousdale Ventures. In addition, other investors such as Paul Kurtz, chief cybersecurity advisor to Splunk and Richard Clarke, the first “cyber czar” for the U.S. Government, joined in the funding.
So far, the company’s total funding amounts to USD 32 million. As a part of the deal, Dave Palmer, General Partner of Ten Eleven Ventures and former co-founder and chief product officer at Darktrace, will serve on Blackbird’s board of directors.
Purpose of financing for Blackbird.AI
With the latest financing, Blackbird.AI seeks to scale its sales and marketing efforts to bring its solutions to more customers and drive awareness in key industries. It also intends to accelerate innovation in enhancing the Constellation Platform and its recently launched RAV3N Co-Pilot, a state-of-the-art Generative AI reporting module to accelerate insights and recommendations.
Meanwhile, the company seeks to expand its ecosystem through the Blackbird Global Alliance Program.
What the company’s official has to add
Wasim Khaled, CEO and co-founder of Blackbird.AI, said, “Human perception has become the latest frontier in cyberattacks, manifesting as misinformation and narrative manipulation. This emerging threat is impacting a broad range of sectors and professionals, from strategic communicators and risk managers to information security teams. We aim to help organizations understand and address the potential threats posed by perception manipulation, which often fly under the radar, fostering an environment of trust, safety and integrity while simultaneously providing them with significant strategic and competitive leverage.”
What the investors have to add
In addition, Dave Palmer, General Partner of Ten Eleven Ventures, said, Global organizations must act on deliberate and accidental disinformation and malicious messaging from humans or automated bots – or a hybrid of both. Online security measures like firewalls and cloud defences may not be enough to ensure a safe internet. Blackbird offers superior security that goes beyond infrastructure and application security technologies. We are on a mission to serve and protect the global information ecosystem.”
About Blackbird.AI
In 2017, Founders Naushad UzZaman and Wasim Khaled launched the company. Blackbird.AI helps organizations detect and respond to threats that cause reputational and financial harm.
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