CB Insights has identified Cybertonica among the top cybersecurity AI companies
We are glad to announce that CB Insights has identified Cybertonica among the top 80+ private companies securing the future with Artificial Intelligence.
Building a software that predicts technology trends, the US-based CB Insights provides a venture capital database catching every private company financing and angel investment database.
CB Insights used their database to identify over 80 private cybersecurity AI companies and categorised them into 9 areas of operation: Anti-fraud and identity management, mobile security, predictive intelligence, behavioral analytics and anomaly detection, automated security, cyber-risk management, app security, IoT security and deception security.
Cybertonica, which uses AI to reduce basket drop-off and increase conversion for all channels of e-payments and transaction platforms, is categorised under the anti-fraud segment alongside with 24 other companies. According to CB Insights’s map, anti-fraud is the most populated category within the cybersecurity AI market. Startups in this category mainly help secure online transactions by distinguishing fraudsters and the legitimate users.
CB Insights reported that cybersecurity companies saw a record number of funding deals last year. Q1’17 was the most active quarter for deals to private cybersecurity companies over the last five years. In addition to the overall rising investment activity, a number of cybersecurity companies are emerging to offer innovative solutions to detect cyber threats by leveraging the advantages of artificial intelligence.
You can access the Cybersecurity Artificial Intelligence Startups Market Map from the link below:
Cybertonica uses Machine Learning and Artificial Intelligence in combination with analytical, big data and statistical models to reduce basket drop-off and increase conversion for all channels of e-payments and transaction platforms. The Company provides frictionless on-boarding, checkout and secure payments processing for e-commerce and digital banking. Cybertonica’s service increases conversion and sales by up to 25% while managing card-not-present and other categories of fraud at world-class compliant standards.
The Company was identified among the 2017 top cybersecurity AI companies by CB Insights, named as 2016 Start-up to Watch by Tech.London, and selected on a competitive basis to several AI and innovation programs, including Startupbootcamp FinTech.