Connect with us

News

Egypt-Based Cybersecurity Firm Buguard Completes Seed Fund

The investment round was led by MENA venture capital firm A15 and will help drive expansion into the GCC later this year.

Published

on

egypt-based cybersecurity firm buguard completes seed fund

Buguard, the Cairo-based offensive security and dark web monitoring company has announced the successful completion of a $500,000 seed funding round.

Fundraising was led by A15, one of the most prominent backers of early-stage startups in the MENA region, with participation from various other angel investors.

The $500,000 sum is Buguard’s first external investment, with the company having been bootstrapped since its launch in 2021. The funding injection will be used to grow the Buguard team and to expand further across the Gulf Coast Countries (GCC) later this year.

Youssef Mohamed, Buguard’s founder and Chief Technology Officer, said: “We are delighted to announce our fundraising, and I thank A15 for its great support. The world of dark web cyber threats is very real, dynamic, and growing. Any company can be a victim, and one must be prepared. We are already a global company, with clients across the world, but our immediate strategy is to grow even stronger in the GCC. We look forward to expanding into Saudi Arabia during 2023 and using our proceeds to help fulfill our significant growth potential”.

Since commencing operations, Buguard has helped many of Egypt’s leading businesses and developed a global client base spanning Saudi Arabia, the United States, France, Australia, and the United Kingdom.

Also Read: The Largest Data Breaches In The Middle East

The startup’s primary role is monitoring dark web marketplaces, hacking forums, underground channels, and private clouds to identify and neutralize data breaches across different venues. Buguard provides a wealth of security services, including penetration testing, phishing simulation, threat intelligence, and more. The company also offers a subscription-based SaaS product known as Dark Atlas that helps businesses prevent data breaches.

Founded in 2021, Buguard’s team comprises highly skilled security researchers and engineers. The company is renowned for exposing critical security vulnerabilities in tech giants, including Yahoo, PayPal, Twitter, Amazon, eBay, Microsoft, and even the U.S. Department of Defense.

Advertisement

📢 Get Exclusive Monthly Articles, Updates & Tech Tips Right In Your Inbox!

JOIN 17K+ SUBSCRIBERS

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Adobe Teases New AI Editing Tools And Updates In Premiere Pro

The video editing app will be enhanced with a generative extend tool, text-to-video, improved timeline waveforms, and more.

Published

on

adobe teases new ai editing tools and updates in premiere pro
Adobe

After launching the generative AI model Firefly last year, Adobe is now showcasing how the technology will be used in upcoming versions of the editing app Premiere Pro. In an early sneak peek, the company demonstrated several new features, including Object Addition and Removal, Generative Extend, and Text to Video.

The first new feature, Generative Extend, targets a common video editing problem by using AI to “Seamlessly add frames to make clips longer, so it’s easier to perfectly time edits and add smooth transitions”.

Meanwhile, Premiere Pro’s Object Addition & Removal tool will leverage Firefly’s generative AI to “Simply select and track objects, then replace them. Remove unwanted items, change an actor’s wardrobe or quickly add set dressings such as a painting or photorealistic flowers on a desk,” Adobe states.

Adobe also showcased another new feature that can automatically generate new film clips using a text prompt. To use the content creation tool, editors can “Simply type text into a prompt or upload reference images. These clips can be used to ideate and create storyboards, or to create B-roll for augmenting live action footage,” Adobe explained. The company seems to be commercializing this particular feature extremely quickly, considering generative AI video only appeared a few months ago.

Also Read: UGREEN Unveils Nexode RG 65W Charger For Middle East

The new additions to Premiere Pro will be added later this year, but Adobe is also introducing smaller improvements to the editing app in May. The changes include interactive fade handles to enable easier transitions, an Essential Sound badge that uses AI to “automatically tag audio clips as dialogue, music, sound effects or ambience, and add a new icon so editors get one-click, instant access to the right controls for the job”, along with effect badges and a new look for waveforms in the timeline.

Continue Reading

#Trending