Tag: Series A round

CybersecurityFintechStartups

Spanish Cybersecurity Firm Acoru Secures €10 Million to Combat AI-Powered Financial Crime

Acoru, a Madrid cybersecurity platform specializing in AI fraud prevention, has raised €10 million in Series A funding. The company’s technology helps financial institutions detect criminal intent before transactions occur, addressing a growing $500 billion global fraud problem.

Funding for Next-Generation Fraud Prevention

Spanish cybersecurity platform Acoru has reportedly secured €10 million in Series A funding to expand its AI-powered fraud and money laundering detection technology, according to investment reports. The Madrid-based startup, founded in 2023 by cybersecurity veterans, focuses on predicting and preventing financial crime before transactions are initiated.

by Darren Holt
AIStartupsTechnology

Serval Secures $47M to Deploy Dual-Agent AI System for Enterprise IT Automation

Serval has developed a novel approach to AI-powered IT management using two specialized agents: one for building automation tools and another for executing them. The company’s $47 million funding round was led by Redpoint Ventures with participation from several prominent venture firms. Major AI companies including Perplexity and Together AI are already using Serval’s platform.

Major Funding for AI-Driven IT Transformation

Enterprise AI company Serval has reportedly secured $47 million in Series A funding to advance its unique approach to IT service management automation, according to TechCrunch reports. The substantial investment round was led by Redpoint Ventures, with participation from several prominent venture firms including First Round, General Catalyst, and Box Group.

by Mason Drayton