Security software platform Delve Labs nets $1.5 mln in seed funding


Delve Labs is a Montreal-based company specializing in autonomous security solutions development. © DELVE LABS

Delve Labs, a Montréal specialist in autonomous security solutions, has raised $1.5 million in seed-stage financing. The round was backed by Canadian investors Real Ventures, Desjardins Innovatech and Fonds Québecor Innovation. Delve Labs is the developer of Warden, an artificial intelligence-based assessment software platform that provides continuous security to enterprises. It will use the proceeds of the seed round to accelerate growth and meet increased demand. Founded in 2013, Delve Labs was a 2015 participant in FounderFuel‘s startup accelerator program.

PRESS RELEASE

Delve Labs raises 1.5 Million to improve Warden, it’s AI-Based Smart Vulnerability Assessment software

MONTREAL, Dec. 15, 2016 /CNW Telbec/ – Delve Labs, the industry leader in Smart Vulnerability Assessment software (Smart VA) announces $1.5 Million in Seed Funding from Real Ventures, Desjardins Innovatech and Fonds Quebecor Innovation. This investment will accelerate the company’s growth and support its vision for redefining the way large organizations protect their IT networks. This Seed round, composed of new and prior investors, brings the total funds raised to $1.8M.

As corporate IT networks continue to expand in a context of security expertise scarcity, managers and experts are faced with an ever-increasing challenge to protect companies from cyber-attacks and data breaches. The growing complexity of modern enterprise networks raises the pressure on security teams to scale their continuous vulnerability detection and remediation activities.

Recent advances in the field of Artificial Intelligence are at the heart of Warden, Delve labs’ autonomous solution. This innovative platform allows companies to efficiently scale their security coverage via the first Smart VA engine in the industry. It provides a crucial helping hand for security teams, reduces their menial activities and helps them focus on mission critical tasks.

Gartner reports that by 2020, more than 25% of identified enterprise attacks will involve some of the 30 Billion IoT devices and that 99% of the vulnerabilities exploited will continue to be ones that are known and remediable. With AI and Advanced Machine Learning also being identified by Gartner as a top strategic trend for 2017 and beyond, Delve Labs is leading the way by ensuring that security teams can harness the power of AI and work in the most efficient manner possible to quickly detect and remediate vulnerabilities.

“Delve Labs is bringing a solution to market that dramatically changes the way we think about continuous security with proven results for large Financial Institutions, MSSPs and Telco deployments. This round of investments will provide us with the resources needed to accelerate the company’s growth and meet the increased demand for streamlined and scalable security solutions.” said Gabriel Tremblay, CEO and Co-founder of Delve Labs. “The connected world is adding an ever-growing number of potentially vulnerable devices to company networks. Smart VA allows for continuous security at scale, helping security teams spend the bulk of their time fixing issues instead of finding them.”

Warden, Delve Labs’ innovative solution, combines multiple domains of Artificial Intelligence, such as Bayesian logic, expert systems and deep learning to assist security experts assess vulnerabilities continuously on their ever-growing IT infrastructure without the need to spend an increasing amount of time managing scan templates, schedules and filtering through heaps of false-positives.

“For Desjardins Innovatech, It is important that we finance innovative startups developing disruptive solutions to the threats of cyber attacks, said Jacques Perreault, Associate Vice-President. Delve Labs is a great example of the kind of technology necessary to challenge these threats. Cybersecurity should be at the top of the list of every CEO”

Warden, by Delve Labs, is made available through a free trial version at www.delve-labs.com.

For further information: Gabriel Tremblay at 1-844-353-3583 or [email protected]

Photo courtesy of Delve Labs

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