New York, May 28, 2024 – BforeAI, a leading provider of predictive attack intelligence and digital risk protection solutions, made a significant announcement today regarding their new PreCrime Guarantee. This guarantee, aimed at boosting customer confidence in their cybersecurity platform, promises to reimburse clients up to ten times the value of their service contract if they are impacted by a cyberattack due to a failure in BforeAI’s predictive solution. This bold move underscores the company’s commitment to delivering top-notch security solutions to their clientele.
Luigi Lenguito, the CEO and Founder of BforeAI, expressed his enthusiasm about the new guarantee, stating, “PreCrime is often perceived as ‘too good to be true’. With our new guarantee, we are offering skeptics the chance to experience the benefits of our proven security solution while also enhancing their risk management capabilities. We want to provide security teams with peace of mind when deploying our predictive technology.”
The PreCrime platform offered by BforeAI is designed to predict, block, and preempt malicious campaigns before they can cause harm to an organization. With an impressive false positive rate of 0.05%, the automated preemption feature can thwart attacks within minutes, thus preventing customers from falling victim to cyber threats. The introduction of the PreCrime Guarantee adds an extra layer of reassurance for clients, allowing them to witness the platform’s effectiveness in action and validating the valuable insights and resources it offers to security teams.
To ensure the reliability and effectiveness of their artificial intelligence platform, BforeAI underwent a rigorous nine-month evaluation process with their insurance partner. The assessment focused on validating the platform’s performance against the company’s market claims. The results were highly encouraging, showcasing the platform’s ability to deliver exceptional false positive/false negative and recall performance with remarkable consistency. Experts from the insurance partner were particularly impressed by the quality of the underlying technology and its robust controls to maintain performance standards.
Several customers have already benefited from the added protection provided by the PreCrime Guarantee. Gal Messinger, Chief Security Officer at Signify, shared his positive experience, stating, “We have been extremely satisfied with BforeAI and their PreCrime platform, which has helped us evade numerous cyber threats over the past two years. The Guarantee program gives us additional leverage when budgeting for cybersecurity, ensuring that our cyber insurance premiums remain manageable.”
The launch of the PreCrime Guarantee follows a recent $15 million Series A funding round led by SYN Ventures, with continued support from early investors and a new contribution from the Partnership Fund for New York City. This funding will be instrumental in driving new customer engagements as BforeAI sets its sights on expanding further in the U.S. market in 2024.
In conclusion, BforeAI’s commitment to innovation and customer satisfaction is evident through the introduction of the PreCrime Guarantee. This bold move not only showcases the company’s confidence in its cybersecurity solutions but also reinforces its position as a leader in the industry. As cyber threats continue to evolve, solutions like PreCrime are essential in empowering organizations to stay ahead of malicious actors and safeguard their digital assets.