Air of mystery, an AI-enabled virtual coverage platform, introduced it formally closed its Sequence G investment spherical, elevating $140 million in fairness and debt and bringing its valuation to $1.6 billion. The spherical to begin with closed in August 2024.
Ten 11 Ventures and Madrone Capital led the spherical, with participation from new investor AT&T Ventures. Current buyers Basic Catalyst, Warburg Pincus and Accel additionally participated within the spherical.
WHAT IT DOES
Boston-based Air of mystery provides AI-enabled on-line coverage for households and folks within the type of protection in opposition to identification robbery, scams and on-line threats. The corporate says it partnered with kid psychologists to create on-line gear to offer protection to youngsters from on-line bullying. Caregivers additionally acquire insights into supporting wholesome display time and total well-being for youngsters.
Folks too can set display closing dates, block beside the point web sites, and get real-time indicators about cyberbullying or predators in on-line video games.
Moreover, each and every grownup member of Air of mystery receives $1 million in insurance coverage for losses and charges because of identification robbery and knowledge safety and privateness. Contributors additionally obtain credit score tracking, junk mail name coverage, a password supervisor and antivirus tool.
The corporate will use the finances to enlarge its clever security measures.
“Air of mystery’s cutting edge and complete option to on-line virtual well being and protection obviously positions it as a pace-setter in protective households in our more and more hooked up global,” Alex Doll, founder and basic spouse of Ten 11 Ventures, mentioned in a observation.
“At Ten 11 Ventures, we briefly known the numerous worth that Air of mystery’s built-in, purpose-built suite of virtual wellness merchandise may give to households, moderately than simply specializing in folks or remoted gadgets. We’re excited and proud to beef up Air of mystery’s imaginative and prescient of turning in authentic virtual wellness and peace of thoughts to customers and their family members.”
MARKET SNAPSHOT
The spherical marks the corporate’s first investment since its separation in Would possibly 2024 from Level Wild, previously Pango Workforce, which provides a collection of cybersecurity gear.
Researchers have found established hyperlinks between cyberbullying and bodily and psychological well being issues amongst heart and top school-aged kids in the USA. Problems come with despair, substance use, somatic signs and suicidality.
Different firms that use AI and behavioral analytics to safeguard youngsters on-line come with British corporate SafeToNet and U.S.-based Gaggle, which screens scholar communications on school-issued era to spot cyberbullying, self-harm threats and substance abuse.
