According to ME News, on June 19 (UTC+8), Deductive, a startup that uses artificial intelligence to detect and fix software vulnerabilities, has agreed to be acquired by enterprise software company Elastic for up to $85 million. Deductive, founded in 2023, made its public debut in November last year, announcing a $7.5 million seed round led by CRV, with participation from Databricks Ventures, Thomvest Ventures, and PrimeSet. According to PitchBook data, this funding round valued the company at $33 million. Neither Elastic nor Deductive responded to multiple requests for comment. Click the link below to join Beating · Feishu AI News Channel for 24/7 real-time monitoring of global AI trends and news. (Source: BlockBeats)
Elastic Agrees to Acquire AI-Powered Security Firm Deductive for Up to $85M
KuCoinFlashShare
Summary
Elastic has agreed to acquire Deductive, an AI-powered contract security firm specializing in blockchain security, for up to $85 million. According to MetaEra, Deductive uses AI to detect and remediate software vulnerabilities. The startup, founded in 2023, raised a $7.5 million seed round led by CRV in November 2024 at a $33 million valuation. Neither company responded to requests for comment.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.