Cyble Inc., a startup that supplies organizations with data on hacker activity, has raised $24 million in new funding.

Atlanta-based Cyble announced the Series B funding round this morning. The startup says Blackbird Ventures and King River Capital were the lead investors. Several other institutional backers contributed as well.

“This investment is a testament to the hard work our team has been investing to execute toward our vision,” said Cyble co-founder and Chief Executive Officer Beenu Arora. “As artificial intelligence continues to evolve, so do the imperatives of cyber defense.”

Cyble provides an AI-powered threat intelligence platform that helps companies track hacker activity around the world and find potential risks to their infrastructure. According to the startup, its platform collects millions of data points every day from dark web forums and other sources. It spots, among other items of interest, 10 million compromised credit card numbers per month.

Companies can use Cyble’s platform to detect if their internal data goes up for sale on a hacker forum. Such data leaks are often a sign that an organization has unknowingly experienced a breach. In some cases, internal business information can also be compromised as a result of a breach at a supplier.

Another task Cyble promises to ease is the process of finding vulnerabilities in a company’s network. According to the startup, its software can scan a company’s applications and other technology assets for known software vulnerabilities. It detects other issues as well, such as misconfigured security settings. 

The platform is aimed at helping organizations more easily adapt their cybersecurity defenses to new online threats. Using the platform, a company can detect when a hacking campaign is launched against other players in its industry. That company could then use Cyble to collect data on what vulnerability the hacking campaign exploits and scan its internal systems for that vulnerability.

It offers a number of other cybersecurity tools alongside its core threat intelligence platform. One tool, called Odin, enables administrators to collect technical data about their companies’ publicly-accessible servers. Another tool, provided free to consumers, alerts users if their information appears on a dark web forum. 

Cyble will spend its latest $24 million funding round to grow its customer base. According to the company, its software is currently used by more than 300 companies and government agencies. It will also invest a portion of the new capital in product development.

The company faces competition from several other venture-backed threat intelligence startups. One such startup, Silent Push Inc., exited stealth mode last month with $10 million in seed funding from Ten Eleven Ventures. Around the same time, Cybersixgill debuted a tool that uses generative AI to help administrators more easily interpret threat intelligence data. 

Photo: Cyble