Cleafy improves banking security with real-time AI capabilities

Cybersecurity firm Cleafy has raised €10m ($11.9m) in a series A funding round led by United Ventures. The company has used the cash to unveil a service enabling banks and financial institutions to proactively classify, detect and respond to cyber threats in real time. The development comes as estimates put industrial cybersecurity spending at $20bn per year and rising.