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Riskive Closes $2.2M Seed Round co-Led by Core Capital Partners

07/23/2013

Riskive, the Social Risk Management company, today announced it has secured $2.2 million in seed funding from Genacast Ventures (a fund formed in partnership with Comcast Ventures), Core Capital and a world-class group of individual investors. Riskive protects government and enterprise organizations from the next generation of security threats: Social Cyber Threats.

Angel investors participating in the round include Frank Bonsal (Founder of NEA) and serial entrepreneurs Greg Cangliosi, Bill Boyle and Andrew Eye, amongst others.

Social Risk Management is emerging as the next great security challenge for organizations which are being continually breached by a myriad of experienced attackers and hackers. Riskive’s cloud-based technology platform is currently deployed in beta and leverages predictive analytics to protect against advanced cyber threats in multiple government and enterprise organizations.

"Social network technology and social media have proliferated into every aspect of business as well as our personal lives," said James C. Foster, CEO and Founder of Riskive. "Deploying a security solution based on predictive analytics to prevent attacks before they happen is the new standard for security. It’s critical for organizations to understand the potential for malicious threats to invade into the core of a business via social streams. This type of invasion puts every aspect of a business at risk and has the capacity to entirely shut down an organization. With Riskive, organizations now have a constant ally to alert them in advance of these attacks.”

Riskive has assembled a proven team of over 12 security experts. This quickly growing team is continuing to enhance Riskive’s proprietary cloud-based technology platform that is dedicated to identifying, monitoring and preventing risk across the socially connected enterprise. Riskive’s security technology allows for real-time protection of users, applications and social brand assets.

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