Cleo Capital launches a new cybersecurity accelerator focused on pre-seed and seed-stage companies worldwide. The 12-week remote program offers $250,000 for 7% equity, aiming to support up to ten companies.
Why a Cybersecurity Accelerator?
Inspired by rising fraud in crypto, fintech, and dating apps, Cleo Capital's founder, Sarah Kunst, recognizes the widespread impact of cyber threats. She emphasizes the need for accessible cybersecurity solutions for everyday users, referencing personal experiences and the FBI's report of $12.5 billion lost to cybercrime in 2023. This initiative aims to address the growing concern of internet security and build trust in online platforms. For related information, see Blue Yonder Ransomware Attack Disrupts Major Retailers.
Focus Areas and Goals
The accelerator seeks companies in consumer security, defense, and dev tools/infrastructure. Kunst prioritizes solutions that combat online impersonation and scams, aiming to make the internet safer and more trustworthy. She encourages the development of authentication tools, scam alerts, and protective measures against cyberattacks, while considering user privacy. For further insights, explore Perplexity AI to Develop Budget-Friendly Q&A Device.
Application Details
The application deadline is January 20, with the program commencing on February 24. This initiative reflects Cleo Capital's commitment to fostering innovation and security in the rapidly evolving digital landscape. Learn more about similar initiatives at Inflection AI Shifts to Enterprise Focus After Microsoft Deal.