Safe Security Raises $50M to Bring ML to Risk Quantification

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A cyber risk quantification startup backed by ex-Cisco CEO John Chambers has raised $50 million to apply machine-learning technology and build more API adapters.

The Silicon Valley-based company said the Series B funding will allow Safe Security to capitalize on generative artificial intelligence to help nontechnical leaders better understand their organizations security postures, said co-founder and CEO Saket Modi. Safe Security also plans to use the Sorensen Capital-led round to create a user experience that’s comparable to consumer technology, Modi said.

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