OwlGaze raises $1.5M to offer companies an end-to-end predictive threat detection solution

2021-07-26 23:00

IMS Digital Ventures announced the closing of a US$ 1.5M pre-seed round of OwlGaze in which it acted as the lead investor.

OwlGaze offers companies an end-to-end predictive threat detection solution to identify, prioritise and prevent cyber attacks using advanced correlation and AI technology.

"We do not only see a growth in the number of businesses that are targeted by cyber criminals, the attacks have become more and more sophisticated and the financial and operational impact that a successful attack can have, has increased as well," according to Ralph Chammah, CEO of OwlGaze.

Apart from OwlGaze's cyber advisory practice which guides clients through any cyber-related issues, what makes OwlGaze really stand out is its software, Blacklight.

"We were really impressed by the team's experience in the cybertech market and their real-life knowledge of the possibilities and limitations of the existing solutions. In an industry that is full of buzzwords, the OwlGaze team is developing an advanced data collection and AI analytics platform that continues where other vendors stop: detecting and acting upon attacks when or even before they happen," according to Anastasios Papadopoulos, CEO of Integrated Management Systems and IMS Digital Ventures.

Earlier this month, OwlGaze successfully closed a US$ 1.5M pre-seed round, which was led by IMS. Other investors included the OwlGaze management team, a European family office and angel investors.

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