MixMode Raises $4 Million in Series A Round Led by Entrada Ventures>
Cision PR Newswire
SANTA BARBARA, Calif., April 7, 2020 /PRNewswire/ — MixMode, Inc., an AI-driven cybersecurity intelligence platform, today announced it has closed a $4 million Series A round of funding led by Entrada Ventures. The round included participation from existing investors including Keshif Ventures and Blu Venture Investors. The new funding will be used to expand MixMode’s AI-powered network traffic analytics platform and to fuel the growth of its worldwide network of customers and partners. MixMode’s cybersecurity platform is designed to be a single pane of glass for security analysts. The MixMode platform brings in multiple streams of data including network data, public cloud data and feeds from existing security tools such as endpoint, firewall, and SIEM. The MixMode Network Traffic Analytics platform is the first cybersecurity platform to leverage “Third Wave” AI (as defined by DARPA), utilizing an advanced unsupervised learning model to address major security issues facing cybersecurity teams today. The platform’s ability to leverage AI to build a network baseline and to predict the network’s future activity make it uniquely powerful in identifying emerging threats. The platform uses MixMode’s patented context-aware AI to reduce the number of false-positive alerts and automate the threat identification process through intelligent correlation. MixMode recognizes point-in-time events, correlates those events across environments and filters the alerts based on impact to the organization.
Link: https://www.prnewswire.com/news-releases/mixmode-raises-4-million-in-series-a-round-led-by-entrada-ventures-301036550.html