Egress, a startup that uses artificial intelligence to help reduce the risk of data breaches, has secured $40 million in Series C funding, VentureBeat reports. Co-Founder and CEO Tony Pepper said the funding would support the company’s growth in Europe and help build the company’s capacity at its Boston office. He added it would also help to accelerate “new technology” across the company’s portfolio. The company currently offers a range of services, including email and document classification, accidental send prevention, and email and file protection. All offerings are powered in part by machine learning and artificial intelligence to help mitigate the risk of data exposure and loss.
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