BforeAI

Company Overview

BforeAI is a cybersecurity company that focuses on predicting and preventing cyber threats using artificial intelligence. The company was founded with the mission of developing cybersecurity to a preventive posture, moving beyond just detection and response. BforeAI’s technology aims to predict and stop threats like phishing, spoofing, impersonation, hijacking, ransomware, online fraud, and data exfiltration before they can impact businesses.

The company is headquartered in France and operates globally, serving clients across various industries including financial services, manufacturing, retail, and media & entertainment. BforeAI was inspired by the concept of “PreCrime” from the movie Minority Report, aiming to predict and prevent cyber crimes before they occur.

Products Overview

BforeAI’s main products are:

1. PreCrime Brand - A predictive brand protection solution that identifies and takes down online impersonation threats before they can cause financial and reputational harm. It provides continuous monitoring of online assets, predictive intelligence to identify suspicious infrastructure, adversary disruption capabilities, and automated takedowns of malicious sites.

2. PreCrime Intelligence - A predictive threat intelligence domain list that uses AI to predict dangerous domains before they launch attacks. It goes beyond reactive blocklists to provide proactive protection.

The company’s AI-powered technology maps and predicts malicious domain patterns by analyzing massive datasets and network metadata. Key capabilities include:

• 95% coverage of global internet traffic with 24/7 monitoring
• Predicting threats an average of 8 days before actual attacks occur
• 0.05% false positive rate
• Analyzing 70,000 indicators of attack per day
• Taking an average of 7 minutes to disrupt attacker infrastructure

BforeAI’s solutions integrate with existing security tools via APIs to augment customers’ existing security postures with predictive capabilities.

Founding Team

The leadership team of BforeAI includes:

• Luigi Lenguito - CEO
• Luciano Allegro - COO / CMO
• Sebastian Cesario - CTO

Problem and Market Fit

BforeAI addresses the challenge of reactive cybersecurity approaches that often detect threats too late, after damage has already occurred. The company aims to shift cybersecurity to a more proactive, predictive model.

Their solutions cater to organizations across industries looking to protect their brands, digital assets, and customers from emerging cyber threats. The technology is particularly relevant for large enterprises dealing with phishing, brand impersonation, and other online fraud attempts targeting their customers.

Business Model

BforeAI operates on a software-as-a-service (SaaS) model, providing its PreCrime Brand and PreCrime Intelligence solutions to enterprise customers on a subscription basis. The company also offers a “PreCrime Guarantee” program, indicating confidence in their predictive capabilities.

Funding and Runway

In June 2024, BforeAI raised $15 million in funding. The funding round was led by Partech and participated in by Elaia. This brings the company’s total funding to $20 million. The new funding is intended to accelerate BforeAI’s global expansion and product development efforts.

Competitive Landscape

BforeAI operates in the cybersecurity and threat intelligence market, competing with other predictive security and brand protection vendors. While specific competitors are not named, the company positions itself as unique in its use of AI for predicting threats well in advance of attacks.

Customers

BforeAI’s customers include several notable companies across different industries:

• Philips
• Signify
• Sysco
• Roullier
• DNSFilter
• Quad9
• Global Cyber Alliance

The company also mentions serving clients in financial services, manufacturing, retail, and media & entertainment verticals.

Relevant News

• June 2024: BforeAI raised $15 million in funding led by Partech with participation from Elaia.
• June 2024: The company launched its PreCrime Guarantee program, offering reimbursements up to 10 times the subscription cost for customers who experience losses due to threats that should have been prevented.
• BforeAI has been named in 14 Gartner reports, including the Hype Cycle for Security Operations 2023, Hype Cycle for IT Management Intelligence 2023, and Hype Cycle for Managed IT Services 2024.

The company continues to expand its product offerings and market presence, leveraging its AI-driven predictive security approach to address evolving cybersecurity challenges for enterprises globally.