Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Artificial Intelligence

Generative AI Startup Nexusflow Raises $10.6 Million

Nexusflow scores funding to build an open-source LLM that can deliver high accuracy when retrieving data from multiple security sources.

California startup Nexusflow on Thursday announced that it has raised $10.6 million in seed funding to work on technology to help organizations improve security through generative AI.

The early stage investment round was led by Point72 Ventures, with additional funding from Fusion Fund and several angel investors.

The Palo Alto, company said it is developing an open-source large language model (LLM) that can deliver high accuracy when it comes to retrieving data from multiple cybersecurity sources.

The company is promoting the NexusRaven model to help organizations synthesize fragmented data from various sources and tools via APIs, receive insights through natural language commands, and streamline security operation workflows and accelerate decision-making.

According to the company, in a zero-shot setting, its model greatly outperforms other open-source LLMs in using cybersecurity tools, while also providing customers with full control when deploying it commercially.

The secret, Nexusflow explained, is the use of two techniques, namely “data curation via multi-step refinement and demonstration retrieval augmentation”.

While the current model focuses on single-round interactions with humans, Nexusflow plans to enhance NexusRaven’s capabilities for multi-round interactions.

“Nexusflow specializes in curating high-quality data for data-centric AI. We also leverage our expertise in generative AI systems to ensure efficient implementation and scalability, resulting in significantly lower costs compared to OpenAI’s GPT-4,” Nexusflow CEO Jiantao Jiao said.

Advertisement. Scroll to continue reading.

Related: Lumu Raises $30M for Threat Detection and Response Platform

Related: Legit Security Scores $40 Million in Series B

Related: Discern Security Deposits $3 Million in VC Funding

Related: Alcion Raises $21 Million for Backup-as-a-Service Platform

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join the session as we discuss the challenges and best practices for cybersecurity leaders managing cloud identities.

Register

SecurityWeek’s Ransomware Resilience and Recovery Summit helps businesses to plan, prepare, and recover from a ransomware incident.

Register

People on the Move

Passwordless authentication firm Hawcx has appointed Lakshmi Sharma as Chief Product Officer.

Matt Hartley has been named Chief Revenue Officer at autonomous security solutions provider Horizon3.ai.

Trustwave has announced the appointment of Keith Ibarguen as Senior Vice President of Engineering.

More People On The Move

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

Artificial Intelligence

The CRYSTALS-Kyber public-key encryption and key encapsulation mechanism recommended by NIST for post-quantum cryptography has been broken using AI combined with side channel attacks.

Artificial Intelligence

The release of OpenAI’s ChatGPT in late 2022 has demonstrated the potential of AI for both good and bad.

Cyber Insurance

Cyberinsurance and protection firm Boxx Insurance raises $14.4 million in a Series B funding round led by Zurich Insurance.

Cybersecurity Funding

2022 Cybersecurity Year in Review: Top news headlines and trends that impacted the security ecosystem

Artificial Intelligence

ChatGPT is increasingly integrated into cybersecurity products and services as the industry is testing its capabilities and limitations.

Artificial Intelligence

The degree of danger that may be introduced when adversaries start to use AI as an effective weapon of attack rather than a tool...