Fletch builds an AI-powered NLP engine that scans roughly 10,000 articles daily to identify emerging cyber threats. It processes an organization’s technology, geographic, and industry exposure to generate a risk profile and highlight potential entry points in an app/tech stack. The company positions its product to help organizations detect threats seven to ten days before they reach the wider news cycle and cited an early publicization of “ChatGPT Data Leak and Redis Race Condition Vulnerability That Remains Unfixed – #CVE-2023-28858.” Fletch raised $12.5 million in a Series A led by True Ventures to advance its solution for scanning the threat landscape. Management emphasizes the product addresses gaps where enterprise security tools and large teams are required to react to threats, arguing their approach helps organizations see threats earlier. Fletch competes in the AI-in-cybersecurity market alongside vendors such as Darktrace, in a market Grand View Research estimated at $13.29 billion in 2021 with projected 24.3% annual growth through 2030.

Total raised

$13M

Funding rounds

1

Latest round

Series A

Latest activity

Apr 2023