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Riskive receives US $2.2 million in seed fund

By IVCPOST Staff Reporter | Jul 23, 2013 01:34 PM EDT
The image shows the logo of Riskive. (Photo : Reuters)

Social risk management company Riskive revealed on Tuesday that it closed US $2.2 million in seed capital funding from Genacast Ventures, Core Capital and other private investors.

Riskive's cloud-based software is still in beta version and the money will be used for further development of the product. Through predictive analysis, the company said it can help protect companies and governments against high-profile cyber threats.

James Foster, CEO of Riskive, said that social media has become well-entrenched in business and personal aspects of organizations.

"Deploying a security solution based on predictive analytics to prevent attacks before they happen is the new standard for security," he said. " It's critical for organizations to understand the potential for malicious threats to invade into the core of a business via social streams."

With its 12 security experts, Riskive offers a complete solution to alert and recommend actions to its clients at the very first sign of trouble.

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