Styx Intelligence raised $2.7 million in a Seed round led by BDC’s Seed Venture Fund, with participation from FRAMEWORK Venture Partners, Top Down Ventures, and Sprout Fund. This investment supports expansion and innovation efforts, addressing the growing challenges posed by impersonation scams, fake domains, phishing attacks, and deepfake-driven fraud.
Founded by Karim Ladha and Santosh Nair, experienced entrepreneurs with a track record of building and exiting cybersecurity companies, Styx Intelligence focuses on enhancing visibility into external threats. As enterprises expand their digital footprints across cloud, SaaS, and supply chains, attack surfaces increase. The platform provides organizations with insights into cyber threats, enabling mitigation of impersonation-based attacks. "Our experience in building and scaling companies has equipped us with the insights and skills needed to tackle the challenges of digital risk protection at scale,” said Karim Ladha, CEO and Co-Founder of Styx. “We are committed to helping enterprises across all industries protect this new attack surface that’s only increasing in scope thanks to LLMs and other generative Al models.”
New funding will accelerate product development, team expansion, and market presence as demand for brand and digital risk protection rises. "We are thrilled to partner with Karim and Santosh as they take on the critical challenge of safeguarding the digital footprint of enterprises," said Dinar Ahmed, Partner at BDC Seed Venture Fund. “Styx Intelligence is addressing an emerging market need with an Al-first approach that is both timely and essential, especially as Al and deepfakes reshape the threat landscape. BDC is proud to support their vision alongside committed partners who share our belief in the transformative potential of Canadian innovation, and together bring the expertise and resources needed to help them succeed.”
Growth strategies include strengthening partnerships within the MSP channel, leveraging expertise from Top Down Ventures to expand reach. "MSPs are trusted advisors for thousands of SMBs, and cybersecurity is one of the most urgent challenges they face,” said Joel Abramson, Managing Partner at Top Down Ventures. By offering a scalable solution tailored to service providers, Styx Intelligence advances digital risk protection, ensuring businesses operate securely against evolving cyber threats.