Dtex Systems, a Silicon Valley company developing technology to automate insider threat detection, has raised USD 50 million in late-stage funding led by CapitalG, Alphabet’s investment arm.
The San Jose, Calif.-based company said the Series E round raised the total to USD 138 million and provided capital to accelerate the use of large language models (LLMs) and behavioral science research to disrupt the insider risk management market. Dtex employs a combination of machine learning and network monitoring technologies to detect unusual patterns or activities to reduce data loss from insider threats.
Dtex stated that the new funding will be used to expand its US engineering team and global go-to-market operations.
Read More: Dtex Systems Snags $50M From Alphabet’s CapitalG
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