by StartupChi Team | September 16, 2024

Introduction

In a significant move for the rapidly evolving field of cybersecurity, HACKERverse® has announced its latest funding round, securing $100,000 through a convertible note. This emerging player is setting its sights on reshaping the landscape for Cybersecurity Software as a Service (SaaS) vendors by harnessing the power of artificial intelligence.

Background

Founded by a team of cybersecurity enthusiasts and tech visionaries, HACKERverse® emerged from a recognition of the increasing challenges faced by SaaS vendors in the cybersecurity arena. With the rise of digital threats and vulnerabilities, the founders realized a pressing need for a platform that could streamline the identification of security flaws while enhancing collaboration among developers. Their solution? The world’s first AI-Powered POC Platform specifically designed for Cybersecurity SaaS vendors, aimed at innovating the way these companies demonstrate software effectiveness to potential clients.

Funding Details

On September 16, 2024, HACKERverse® officially announced its successful fundraising, which marks a key milestone in its development journey. This latest round brings the total funding raised to $100,000, primarily led by Techstars. While specific valuation details have not been disclosed, this funding demonstrates continued investor interest in novel cybersecurity solutions, which are critical as the digital landscape evolves.

Competitive Landscape

With cybersecurity threats on the rise, HACKERverse® enters a competitive landscape filled with established players such as Palo Alto Networks and CrowdStrike. However, HACKERverse® differentiates itself by focusing on a niche market—specifically, providing tools to showcase cybersecurity solutions through AI-driven proofs of concept. This strategic positioning helps address the unique challenges faced by SaaS vendors, offering them an edge in the crowded cybersecurity marketplace.

Future Plans

HACKERverse® plans to utilize the newly raised funds to enhance its product offering, invest in AI technologies, and bolster its team to support growth. With a clear vision for expansion, the company is set on establishing partnerships and refining its platform further to add value to its users in the cybersecurity domain. As the demand continues to skyrocket, HACKERverse® is poised to lead the charge in transforming how cybersecurity is approached by SaaS vendors.

For more information about HACKERverse® and its innovative solutions, visit their website at hackerverse.ai.

Convertible Note – HACKERverse®:

• Organization Name: HACKERverse®
• Organization Description: HACKERverse® is the world’s first AI-Powered POC Platform for Cybersecurity SaaS Vendors.
• Website: hackerverse.ai
• Funding Type: Convertible Note
• Funding Round: Convertible Note – HACKERverse®
• Money Raised: $100,000
• Announced Date: Sep 16, 2024
• Funding Stage: —
• Pre-Money Valuation: —
• Equity-Only Funding: No
• Industries: , , ,
• Revenue: —
• Total Funding: $100,000
• Funding Status: —
• Number of Funding Rounds: 2
• Lead Investor: —
• Investors: , , ,
• Number of Investors: 1
• Number of Partner Investors: —