Comcast Ventures, the corporate venturing arm of internet and cable service provider Comcast, invested $8m in US-based risk analysis company Bay Dynamics on Tuesday.
Founded in 2001, Bay’s data analysis technology locates and provides visualisation of anomalies in data, enabling companies to better analyse risk. The series A funding will be used to enhance its lead product, Risk Fabric.
Dave Zilberman, partner at Comcast Ventures, said: “The unprecedented surge in cyberattacks targeting companies’ proprietary corporate and customer information has created a high demand for security analytics solutions.
“In the face of these attacks, the team at Comcast Ventures wanted to partner with an organisation that was taking a unique approach to solving these challenges and elevating customers’ protection efforts.”