Seattle-based Versive, a big data analytics company that sells the “Versive Security Engine,” announced Tuesday it raised $12.7 million, bringing total investment in the firm to $54.7 million. Founded in 2012 as Context Relevant, the renamed company bills its products as strategically applied artificial intelligence built to secure “organizations [that] are overwhelmed by data, unable to detect high-risk patterns in their network,” Versive CEO Joe Polverari said in a statement. The new money and focus on cybersecurity is a pivot that comes after deep layoffs hit the company in 2015 and a “deep operational review” following disappointing results. Versive’s advisory board includes Richard Clarke, the CEO of Good Harbor and former adviser to presidents Bill Clinton, George W. Bush and Barack Obama on cybersecurity issues, and Peiter Zatko, also known as Mudge, a founder of the famous 1990s-era hacking collective the L0pht. Versive’s goal is to have automated systems find patterns of malicious behavior. The use […]
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