Tuesday, June 7, 2016

Armorway Picks Up $2.5M For AI Platform

Los Angeles-based Armorway, which develops data analytics software which uses artificial intelligence (AI) for cybersecurity response, has raised $2.5M in a seed funding round. The funding came from Aristos Ventures, private angel investors and investment from serial entrepreneurs, founders and executives from several high tech companies, according to the company. Armorway, which is led by Zareh Baghdasarian, said the funding will go towards expanding its customer base, for continued product development, and expansion of its R&D team. Armorway is a spinout of the University of Southern California, and has previously received support from the Department of Homeland Security, Department of Defense and U.S. Army Research Office. More information »

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