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Follow on Google News | Nothreat Closes Seed Round, Confirming £40 Million Valuation to Combat AI-Driven Cyber ThreatsBy: Nothreat The cybersecurity market is expanding rapidly, with forecasts predicting growth from $183 billion in 2024 to $292 in 2028, driven by increasingly sophisticated cyberattacks leveraging artificial intelligence. Similarly, the IoT cybersecurity sector is projected to reach $39.6 billion by 2033, being one of the IoT market key enablers, underscoring the urgency for robust security solutions as billions of connected devices become prime targets. At the core of Nothreat's breakthrough is its innovative, AI-powered IoT firewall – AIoT Defend. In today's expansive digital infrastructure, organizations rely on vast networks of edge devices — each of which presents its own security challenge. Traditional hardware firewalls can hardly be deployed on every single device, especially the smallest ones. Nothreat's software-based firewall is exceptionally lightweight, enabling direct deployment on almost any Edge IoT device. By leveraging a finely tuned AI trained on clean, high-quality data, the solution offers robust, adaptive protection against even zero-day attacks while simplifying overall security management. Nothreat's innovation is also grounded in extensive research and development, reinforced through published academic papers. This commitment is exemplified by our US & EU patent-pending technology, Nothreat CyberEcho, which underpins our overall security framework with advanced, clone-based traps to divert attackers from critical assets. Together, all these advancements create an adaptive security framework that has been proven to improve threat detection by an average of 55% over conventional solutions. Nothreat is trusted by major enterprises, demonstrating its credibility and scalability in the industry. The company is working with Lenovo to enhance IoT edge device security. Additionally, Nothreat is supporting Azerconnect Group in strengthening cybersecurity efforts at COP29, one of the world's most significant climate conferences organized by the United Nations. The funding round was backed by Algara Group, a UAE-based Multi-family office specializing in wealth management and strategic investments across various industries, including security and technology. With this investment, Nothreat will expand its AI security research, scale operations into new markets, and deepen partnerships with enterprises and public-sector organizations. As AI-powered cyber threats continue to grow in complexity, Nothreat is positioned to lead the next wave of cybersecurity innovation. Find out more about Nothreat™ at https://nothreat.io. End
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