US-based, AI-driven cybersecurity firm Blackbird.AI plans to expand its regional footprint in the APAC region following its $20 million Series B funding round.
The fundraising was led by Ten Eleven Ventures while existing investors Dorilton Capital, Generation Ventures, StartFast Ventures, and Trousdale Ventures participated along with Paul Kurtz, chief cybersecurity advisor to Splunk and Richard Clarke, the first ‘cyber czar’ for the US Government.
The company has raised $32 million in funding to date.
The firm plans to use the funding to expand its regional footprint and grow its customer base across APAC, with Singapore serving as the regional headquarters. Blackbird.AI plans to invest in regional partnerships and ramp up hiring for the APAC market.
“Global organisations must act on deliberate and accidental disinformation and malicious messaging from humans or automated bots, or a hybrid of both,” said Dave Palmer, General Partner, Ten Eleven Ventures.
Blackbird.AI helps organisations detect and respond to threats that cause reputational and financial harm.
“Human perception has become the latest frontier in cyberattacks, manifesting as misinformation and narrative manipulation,” stated Wasim Khaled, CEO and co-founder of Blackbird.AI. “We aim to help organisations understand and address the potential threats posed by perception manipulation, which often fly under the radar,” Khaled added.
Other recent details in the sector include Singapore-based cybersecurity firm Blackpanda raising $15 million in a Series A round in January and SquareX, also based in Singapore, securing $6 million in seed funding in May.