Social media security and surveillance firm ZeroFOX raises $40M investment
ZeroFOX, one of the most prominent American social media security and surveillance companies, announced a $40 million Series C investment Wednesday that signals major growth in demand from governments and companies to keep a close eye — often with an artificial-intelligence brain behind it — on social media networks. The Baltimore-based startup’s products help manage what it calls “social media risk.” ZeroFOX sells “targeted collection of mass social and digital data” to customers in over 24 countries. “Social media risk” is a purposefully vanilla marketing term that at its core means an increasingly broad domain involving everything from malware campaigns and account takeovers to political action, cyberattacks and incidents in the physical world. Social media is an increasingly effective attack vector, as evidenced by a recent social media espionage campaign against the Defense Department that involved links from a robot Twitter account. The new money will go toward sales, marketing […]
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