SafeGuard Cyber builds an AI-powered platform (Threat Cortex) that detects and highlights risks across social media, chat apps, and collaboration platforms such as Slack, LinkedIn, and WhatsApp, and helps quarantine data and revert compromised accounts. The product surfaces attackers by searching the deep and dark web, scores threats with configurable machine-learning models, and notifies IT teams of anomalies. The platform also provides compliance tooling that alerts stakeholders to potential violations of rules such as FINRA and the FCA, captures records with audit trails, and archives content and metadata. The company says its products saw "tremendous" growth in 2020 as enterprises shifted to digital channels, and it counts customers across financial services, pharmaceuticals, education, technology, government, sports, media, and entertainment. Operational metrics disclosed include 78 employees, management of over 500,000 user and company accounts, monitoring up to 100,000 call records per day with under a 1% false positive rate, and a reported $3 million per month reduction in manual review costs for a client. The company plans to use the new financing to expand its business and technology capabilities. Social SafeGuard is a U.S. startup founded in 2014 that sells security services to enterprises aimed at mitigating digital risks that lie outside the corporate firewall. Its SaaS platform alerts customers to reputation and security threats such as brand impersonation, social phishing, malware, spam, fake accounts and the spread of fake news. The platform monitors roughly 50 digital and social channels via an API hub, including social media, mobile messaging apps, IM tools, unified comms, cloud apps, blogs, news sites and the dark web. It uses machine learning, a customizable policy engine and AI-driven risk scoring to provide real-time monitoring, threat anticipation, rapid triage and built-in takedown request capabilities. The company has around 50 customers, with its largest clients in financial services and life sciences and fastest growth in high tech. The business is positioning itself to address rising awareness of social media fakery and will use new funding for sales, marketing and product development.

Total raised

$56M

Funding rounds

3

Latest round

Equity

Latest activity

Apr 2021