Tech Company Financing Transactions
Redcoat AI Funding Round
Redcoat AI closed a $4.2 million funding round on 3/14/2024. Investors included Pear VC, Kyber Knight Capital and Leonis Capital.
Transaction Overview
Company Name
Announced On
3/14/2024
Transaction Type
Venture Equity
Amount
$4,240,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to accelerate the platform's development and expand its reach.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
1259 El Camino Real 1248
Menlo Park, CA 94025
USA
Menlo Park, CA 94025
USA
Phone
Undisclosed
Website
Email Address
Overview
We founded Redcoat AI at a pivotal moment for cybersecurity. With generative AI, bad actors now have the ability to exploit individuals and systems on an unparalled scale. At the forefront is a sharp rise in social engineering attacks, which have also become more sophisticated due to their use of contextual information, deepfake technology, and human-like interactions. In fact, the future is already here -- in 2024 alone, the volume of phishing messages on Redcoat AI is projected to grow by 1,300%.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
John Whaley
Co-Founder
Kelly Byrd
Co-Founder
Mike Morris
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