CatchProbe receives $1M in funding from Applied Value Group to eliminate misinformation in cyber intelligence
We’re all well aware of misinformation and fake news. But who would have thought of misinformation in cyber intelligence? For decades, cyber-defense systems have been used to automatically ingest Cyber Threat Intelligence (CTI) that contains semi-structured data or text to populate knowledge graphs from various sources.
However, the potential risk is that it is not far-fetched for bad actors to intercept and generate fake CTI and spread it through Open-Source Intelligence (OSINT) communities or on the Web to cause a data poisoning attack on these systems. That’s not all, a rogue nation or state actors could use fake CTI examples as training input to feed misinformation into cyber intelligence and subvert cyber defense systems. It’s against this backdrop that San Francisco-based cybersecurity startup CatchProbe Incorp has developed a solution to help eliminate misinformation in cyber intelligence.
Today, CatchProbe announced it has received a $1 million investment from Applied Value Group to eliminate misinformation in cyber intelligence. Applied Value Group is a global corporation with more than 50 portfolio companies and operates in the fields of investment, management consultancy, and social responsibility.
Founded in 2017 by Turkish engineer and entrepreneur Batuhan Tosun, CatchProbe provides actionable web intelligence, OSINT, deception systems, threat intelligence, and digital crime analytics solutions and products through the world’s first AI-Driven SaaS-based centralized and autonomous intelligence platform.
CatchProbe’s solution eliminates misinformation in cyber intelligence products and meets the need for ‘WEBINT’—web intelligence has long been used in the military field but is also needed by corporations, especially since the pandemic. The platform is the only product in the world in the field of integrated central digital intelligence solutions that combines open-source intelligence and includes artificial intelligence-based smart trap systems.
Reyhan Baylan, CEO of Applied Value Group Türkiye, said, “There is a serious loss of money, reputation, and time occurring because of cyber-attacks. CatchProbe Incorp. is unique in the field of integrated centralized digital intelligence solutions with its features and modules. We have full faith in the whole team, and especially in the founder Batuhan Tosun.”
In a statement, founder Batuhan Tosun said, “CatchProbe Incorp., whose foundations we laid 7 years ago, is the world’s first artificial intelligence supported centralized and autonomous actionable digital intelligence platform with its features and modules. As an institution, we are a company that operates in the U.S. market and whose market target is the USA.”
He added, “Our institution, which is an advanced technology company of 100 percent American origin and accredited by many security authorities, is on its way to becoming a multinational company with its board of directors established in the USA. We are also planning to operate in Western Europe in the coming period. After the release of our latest version, we also aim to develop mobile applications in the field of mobile intelligence security and mobile leak detection. We continue the investment process at the Pre-Seed stage. We aim to make Series A in 2025 and to become one of the largest technology companies in the world by going to the stock market in New York in 2027.”
The size of the market is about 5 trillion dollars
Underlining that they address the markets in the fields of cyber security, threat intelligence, digital intelligence, cyber intelligence and ‘deception’, Tosun said, “The size of the market in which we operate is approximately 5 trillion dollars. We offer a solution consisting of 6 modules that can be purchased individually or integrated within the ‘All-in-One Cyber and Digital Intelligence’ platform. With the solution we offer in the SaaS infrastructure, we eliminate the need to invest in any hardware and reduce costs by half. With the central and autonomous solution we offer, we also eliminate the dependency on experts and engineers. By providing verified and actionable intelligence, we avoid all disadvantages such as false intelligence, irrelevant data, unrelated attack analysis and lack of timely response.”
A cyberattack happens every 11 seconds
Reyhan Baylan, CEO of Applied Value Group Türkiye, who stated that they continue their activities in Türkiye rapidly, said, “There is an increasing need in the field of cyber security solutions worldwide. We are observing that large corporations are paying increasingly more attention to the matter of cyber security and allocating bigger portions of their budget accordingly. Data is the biggest asset of a company, and because of cyber-attacks, companies incur a serious loss of money, reputation, and time.”
Explaining that there is a cyber-attack every 11 seconds in the world, Baylan said, “Cyber-attack cases increase by about 125% a year and these attacks cost companies an average of 4.35 million dollars per data breach. Just to detect the attack and do damage control takes an average of 9 months which is shocking. By taking preventative measures, it is not only possible to prevent these losses but is also highly beneficial from a cost perspective.”
Reyhan Baylan said, “When we examined the product, we determined that the product successfully meets the need for a central and autonomous platform with its SaaS infrastructure. We have full faith in the whole team, especially the Founder Batuhan Tosun. We are confident that Tosun will carry CatchProbe Incorp. to great heights with his perfectionism and work ethic; it is no surprise that he has already achieved so much at such a young age.”
Strategically important data should be moved to the cloud
Commenting on the investment in CatchProbe Incorp., Bruce Grant, Chairman of the Board of Applied Value Group, said: “Hundreds of our customers around the world, most of them Global Fortune 500 companies, are finally starting to realize that cybersecurity impacts all aspects of their business due to sophisticated attackers. For this reason, we encourage our customers to move their strategically important data to the cloud. This is also why we founded RiverMeadow, a Silicon Valley-based cloud migration software company, 10 years ago. In addition, we searched for the world’s most advanced software and consultancy solutions in the field of cyber security, as we saw the serious need in this sector. Therefore, we decided to become a partner in CatchProbe and be part of its Board of Directors