BforeAI, a start-up specializing in predictive cybersecurity, has closed a new €9 million funding round led by US-based funds Titanium Ventures and Syn Ventures. This amount adds to a previous $15 million financing announced in April 2024, led by SYN Ventures, with the addition of the Partnership Fund for New York City, alongside existing investors Karma Ventures, Karista, and Addendum Capital.
Founded in 2020 in Montpellier by Luciano Allegro, Luigi Lenguito, and Sebastian Cesario, the company currently employs 92 people and generated €1.5 million in revenue in 2023. Its patented technology, deployed through #PreCrime Intelligence and #PreCrime Brand Defense solutions, enables the detection and prevention of cyber threats before they materialize, particularly in the financial sector.
BforeAI was also recognized by Gartner in its Cool Vendors for Artificial Intelligence in Banking and Investment Services 2024 report, highlighting the importance of AI in fraud prevention and strengthening the security of banking institutions. The newly raised capital will be used to enhance research and development, expand service offerings, and support the company’s commercial growth.
