Artificial Intelligence Security Startup Xbow Valued at Over $1 Billion

Odaily News Xbow, a startup that builds AI software to detect security vulnerabilities in applications, has completed a new round of funding, valuing the company at over $1 billion. This demonstrates investor enthusiasm for applying artificial intelligence to the cybersecurity field. Xbow stated on Wednesday that DFG Growth and Northzone led this $120 million funding round. Other participants included Alkeon Capital and Sofina, as well as existing investors Sequoia Capital, Altimeter Capital, and NFDG. The startup currently has about 150 employees and expects to reach several hundred by the end of the year. Xbow CEO De More said that Xbow already has over 100 customers, including Moderna and Samsung Electronics, and is seeing strong demand in South Korea. (Jin10)