Novee, which utilizes proprietary AI models to perform automated penetration testing, emerges from stealth with a $43M Series A and an $8.5M seed (Chris Metinko/Axios)

• Novee, a cybersecurity startup specializing in automated penetration testing using proprietary AI models, has emerged from stealth mode with a total funding of $51.5 million, comprising a $43 million Series A and an $8.5 million seed round, as reported by co-founder and CEO Ido Geffen.
• This significant funding will enable Novee to enhance its technology and expand its market presence, positioning the company as a key player in the cybersecurity landscape, particularly in the growing field of AI-driven security solutions.
• The rise of Novee reflects a broader trend in the tech industry where AI is increasingly being leveraged to address cybersecurity challenges, paralleling other recent funding successes in the sector, such as Prime Security and Clover Security, which also focus on integrating AI into security practices.

— via World Pulse Now AI Editorial System