Bolster AI

Overview

Bolster AI is a cybersecurity firm developed to protect organizations from phishing and scam attacks. Founded in 2017 by Abhishek Dubey and Shashi Prakash, Bolster provides an advanced platform designed to detect, monitor, and mitigate threats across various domains. Based in Santa Clara, California, the company has raised over $40 million in funding, with key investors including M12 (Microsoft's venture fund), Thomvest Ventures, and Crosslink Capital. Bolster AI aims to protect the digital presence of companies ranging from startups to Fortune 1000s by automating the takedown of malicious sites.

Recent Developments

  • February 2024: Bolster Inc. attained SOC2 Type II compliance and won the Greater Bay Area Top Workplaces Award. The company also expanded its leadership team by hiring the former VP of Marketing from Lacework, Ryan McCurdy.
  • May 2024: Bolster announced a $14 million Series B funding round led by M12, with the aim of accelerating technology integrations for their generative AI platform focused on threat protection.
  • October 2022: Bolster secured $15 million in funding led by Cervin, Liberty Global Ventures, and several previous investors, expanding their digital risk protection capabilities. This strategic funding aims to enhance their technology to be more effective against digital threats such as phishing and impersonation.

Company Information

AttributeInformation
Founding Date2017
HeadquartersSanta Clara, California, USA
FoundersAbhishek Dubey, Shashi Prakash
Revenue$291,200 as of latest reports
ProfitsUnknown
Key InvestorsM12, Thomvest Ventures, Crosslink Capital
IndustryCybersecurity
Number of Employees24 employees as of September 2023

Early History

Bolster AI, originally known as RedMarlin, was established in 2017 by Abhishek Dubey and Shashi Prakash, with a vision to create a safer internet. The founders brought extensive cybersecurity experience from leading companies such as Cisco, Symantec, and McAfee. Initially, the company focused on utilizing AI technology to streamline the detection and takedown of online scams and phishing threats. This focus resulted in the development of a robust AI-driven platform that could swiftly identify and dismantle fraudulent sites and phishing campaigns, setting the stage for Bolster's entry into the cybersecurity domain with a strong emphasis on automated threat detection.

Company Profile and Achievements

Bolster AI primarily operates within the cybersecurity industry, specializing in threat detection and mitigation across various online platforms. The company's proprietary technology monitors and acts against phishing and scam threats by leveraging AI to ensure rapid and effective response. Their business model revolves around providing a subscription-based platform for clients to protect their digital assets across the open web, social media, app stores, and dark web domains.

Key Achievements:

  • Developed patented threat detection technology capable of analyzing millions of websites daily.
  • Recognized in the 9th Annual Global InfoSec Awards with an Editor’s Choice in Fraud Prevention.
  • Expanded their threat protection to include features such as social media and dark web monitoring.
  • Ensured compliance with SOC2 Type II standards, demonstrating a commitment to data security and operational integrity.

Current Operations and Market Position

Bolster AI operates as a leader in automated digital risk protection, catering to a diverse clientele that spans startups to major global brands. The company’s platform, powered by sophisticated AI models, scans the internet to preemptively tackle phishing, impersonation, and scam activities. In a competitive cybersecurity market, Bolster distinguishes itself through rapid response times and a holistic approach to threat detection and takedown. They continuously update and improve their AI models to address evolving cyber threats, maintaining their market position by offering comprehensive and efficient security solutions.

Conclusion

Bolster AI has established itself as a pivotal player in the cybersecurity landscape, advocating for safer internet usage through innovation in threat detection and mitigation. As cyber threats become increasingly sophisticated, Bolster’s proactive approach of leveraging AI ensures a robust defense against phishing and scams. Looking ahead, Bolster’s continued focus on innovation and strategic expansion supported by substantial venture funding sets the stage for further growth and enhanced service capabilities, positioning them to significantly impact the cybersecurity industry.

References

  1. Bolster AI Official Website
  2. Crunchbase - Bolster AI Profile
  3. Prnewswire - Bolster Secures $15 Million
  4. Prnewswire - Bolster Series B Announcement
  5. Reuters - AI Technology Trends
  6. System PrivCo - Bolster Company Overview
  7. Tracxn - Recent Bolster Funding