Qevlar AI: US$30m Fuels Autonomous SOC Platform Growth

AI has been reshaping the security climate for quite some time now. 

Cementing this reality, Qevlar AI, a leader in AI for transforming security operations centres (SOCs) has secured US$30m in funding for its autonomous AI SOC platform.

Forging a proactive security approach that leverages AI to reduce the time for investigations up to 10 times, to nearly three minutes, the platform provides business value which, according to security leaders, show significantly “reduced operational costs” as the platform “improved our operational security efficiency and excellence”.

Ahmed Achchak, Co-Founder and CEO at Qevlar AI, says: "Today, most SOCs measure success by how many alerts they tackle and how quickly they are resolved. But this is a firefighting approach that tells you nothing about your security posture. The only way to understand that is by being able to identify patterns in the trends and that requires a completely new approach.

“We’re moving from autonomous alert investigations to an intelligent AI SOC platform that uncovers insights that transform how teams not only deal with alerts, but stop them from recurring. 

“We’re putting out the fire and finding out what started it to make sure it doesn’t happen again.” 

Moving beyond reactive security 

A recent Forrester report shows that a mere three attack scenarios trigger thousands of alerts. 

Another Gartner report estimates that 70% of threat detection and response time is held hostage by investigation and triage phases, which, with Qevlar, can be made autonomous. 

By freeing analysts from the tedious investigation process, they can attend to proactive defence like threat hunting and planning incident response while Qevlar’s AI platform takes on tasks such as data enrichment, identifying alert patterns and reporting.

These qualities provide for adoption by Fortune 500 companies like Mercedes-Benz and Sodexo, as well as leading global managed security service providers (MSSP) including Orange Cyberdefense, ECI and Atos. 

Qevlar's impressive momentum

Qevlar's latest funding round, which raised US$30m, was led jointly by Partech and Forgepoint Capital International, also joined by EQT Ventures.

"We have been impressed by Qevlar AI’s momentum over the last 12 months," says Damien Henault, Managing Director & Partner at Forgepoint Capital International.

"It has seen exceptional commercial traction with both Fortune 500 enterprises and leading MSSPs, with its customer base expanding globally. 

"It makes perfect sense for us to increase our backing as it evolves its offering from alerts investigation to a complete end-to-end next-generation AI SOC insights platform, extending all the way from Level 1 investigation to Level 2 enhanced detection and Level 3 remediation."

Qevlar says the funds raised will help the platform grow further as it leverages insights generated from investigations to identify root cause of problems and take remedial actions that will improve the security posture and health of each company. 

Reza Malekzadeh, General Partner at Partech, adds: "Qevlar AI stands out as a company with the potential to be genuinely transformative; rather than just allow SOCs to process alerts faster, it is giving them the power to tackle the underlying issues. 

"The company’s success to date highlights just how much the market needs this approach."