1. Bolster has raised $14 million in funding to expand its AI-based approach to tackle phishing attacks through its CheckPhish portal and services for businesses.
2. Bolster’s machine learning algorithms track the internet to detect scam operations and shut them down at their root to prevent phishing attacks.
3. Microsoft’s venture fund M12 led the funding round, showcasing interest in Bolster’s ability to protect both businesses and their customers from malicious cyberattacks.
Bolster, an AI startup, raised $14 million in funding to tackle the issue of malicious phishing emails. The company provides brand and URL checking services to businesses to protect them from cybercriminals imitating their brand to trick customers. Phishing is responsible for more than 90% of cyberattacks according to the Cybersecurity Infrastructure Security Agency.
Bolster’s approach uses machine learning and AI to track the internet for scam operations and shut them down at their root through automated takedowns. The company’s technology complements existing email security products by focusing on shutting down attacks at their source, even after bad links have made it through email filters.
Microsoft’s venture fund M12 led the funding round for Bolster, highlighting the importance of the company’s work in the cybersecurity space. With cybercriminals using AI to create sophisticated phishing attacks, Bolster’s technology plays a crucial role in protecting businesses and their customers from falling victim to such scams.
By automatically shutting down the origins of phishing attacks, Bolster aims to provide a comprehensive solution to combat cyber threats. The company’s focus on working with big brands not only benefits the businesses themselves but also aims to protect their customers from falling prey to phishing attempts. Microsoft’s interest in Bolster reflects the importance of threat protection in today’s digital landscape and the growing role of AI in securing online platforms.