Prevalent AI raises $22m in first outside funding

Prevalent AI Ltd., a cybersecurity data company, has raised $22 million in growth funding, its first primary capital since its founding nine years ago. The company’s data fabric integrates with hundreds of enterprise systems and constructs a knowledge graph that security teams can query to identify assets, controls, and identities, including those that are unmonitored.

The company says it has been profitable since its first customer and that annual recurring revenue more than doubled over the past year. The investment, from Integrity Growth Partners, will fund a global go-to-market organisation and expansion into financial crime analysis, compliance, and operational risk.