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31.03.26 - 15:06
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Variance Raises $21.5M Series A to Transform Risk Workflows with AI Agents (Business Wire)
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New funding fuels platform growth as enterprises confront accelerating fraud, regulatory pressure, and AI-driven abuseSAN FRANCISCO--(BUSINESS WIRE)--Variance, building AI investigative agents for risk and compliance, today announced a $21.5 million Series A funding round to expand its agentic AI platform for financial institutions and Fortune 500 companies. The round was led by Ten Eleven Ventures, with participation from 645 Ventures, Y Combinator, Urban Innovation Fund, and Okta Ventures. Variance has raised $26M to date and will use this fresh round of capital to deepen their investment in the infrastructure required for investigative AI agents, and expand their work with financial institutions.
Fraudsters are increasingly using generative AI to create synthetic identities. At the same time, the evidence needed to conduct a thorough investigation is scattered across systems and hard to access. Variance's agents close both gaps simultaneously, reasoning over complex, fragmented data and returning full...
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27.03.26 - 18:00
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Cybersecurity Stocks Take a Hit: Palo Alto Drops 6%, Okta Tumbles 7% on AI Competition Fears (24/7 Wall St.)
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Palo Alto Networks (NASDAQ:PANW) and Okta (NASDAQ:OKTA) are both selling off sharply Friday, with PANW stock sliding 6% to $146 and OKTA shares dropping 7% to $73.50 as of midday. The catalyst is a leak about Anthropic's new cybersecurity-focused AI model, called Claude Mythos, which has rattled investors across the sector. Both declines are running ... Cybersecurity Stocks Take a Hit: Palo Alto Drops 6%, Okta Tumbles 7% on AI Competition Fears
The post Cybersecurity Stocks Take a Hit: Palo Alto Drops 6%, Okta Tumbles 7% on AI Competition Fears appeared first on 24/7 Wall St.....
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