CalypsoAI Closes Series A Funding Round, Adds Paladin’s Mourad Yesayan to Board  

CalypsoAI
CalypsoAI

CalypsoAI has raised $13M in a round of Series A financing led by Paladin Capital Group and will use the investment to pursue global expansion and innovation.

Other investors that participated in the funding round are Lockheed Martin Ventures, Frontline Ventures, Manta Ray Ventures, Lightspeed Venture Partners, Pallas Ventures and 8VC, CalypsoAI said Wednesday.

Mourad Yesayan, a managing director at Paladin, will join CalypsoAI as a member of the company’s board of directors.

Yesayan said the combined experience of Calypso’s founding team across the Department of Defense, Defense Advanced Research Projects Agency and cybersecurity companies will help the company deliver artificial intelligence platforms meant to address complex issues facing government, critical infrastructure and commercial clients.

Founded in 2018, CalypsoAI is a software company focused on helping clients in national security, finance and other industries accelerate the adoption of AI and machine learning by advancing the Trusted AI approach to protect AI and ML platforms from hostile attacks.

You may also be interested in...

Seth Cutler CISO NetApp

NetApp’s Seth Cutler: AI Can Support Agency Data Security, Compliance Efforts

Seth Cutler, chief information security officer of NetApp, has said implementing artificial intelligence tools can help the public sector manage data protection, compliance and risks as agencies increase the pace of digital transformation projects to address cybersecurity threats.

Cybersecurity

DIU Taps CounterCraft to Help Deploy, Mature Threat Intell Prototype

The Defense Innovation Unit has awarded threat intelligence technology maker CounterCraft an other transaction agreement to mature the company’s counterintelligence tool in an effort to improve the protection of Department of Defense systems.

Palo Alto Networks

Palo Alto Networks Gets FedRAMP Approval for Three Data Security Products

Palo Alto Networks has added three cloud products to its suite of government-approved offerings under the Federal Risk and Authorization Management Program. The Palo Alto Networks Government Cloud Services now includes the Prisma Cloud, Cortex XDR and Cortex Data Lake platforms that have received moderate FedRAMP authorization with the help of the Federal Housing Finance Agency, the company said Monday.