Styx Intelligence, a Canada-based cybersecurity company specialising in AI-driven digital risk protection, has closed an oversubscribed $2.7m seed funding round.
The funding was led by BDC’s Seed Venture Fund, with additional backing from FRAMEWORK Venture Partners, Top Down Ventures, and Sprout Fund.
Founded by cybersecurity veterans Karim Ladha and Santosh Nair, Styx Intelligence offers a platform designed to safeguard organisations from modern digital threats. Built on an AI-first architecture, the company’s tools provide visibility into external risks and aim to counter the rising sophistication of attacks enabled by generative AI.
The fresh capital will support Styx in scaling its operations and strengthening its product suite to meet growing demand for digital risk protection.
Styx Intelligence CEO and co-founder Karim Ladha said, “Our experience in building and scaling companies has equipped us with the insights and skills needed to tackle the challenges of digital risk protection at scale. We are committed to helping enterprises across all industries protect this new attack surface that’s only increasing in scope thanks to LLMs and other generative AI models.”
BDC Seed Venture Fund partner Dinar Ahmed said, “We are thrilled to partner with Karim and Santosh as they take on the critical challenge of safeguarding the digital footprint of enterprises.
“Styx Intelligence is addressing an emerging market need with an AI-first approach that is both timely and essential, especially as AI and deepfakes reshape the threat landscape. BDC is proud to support their vision alongside committed partners who share our belief in the transformative potential of Canadian innovation, and together bring the expertise and resources needed to help them succeed.”
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