Vertex Ventures US has co-led a $3-million seed funding round in cybersecurity firm Fyde, which recently launched its app that intercepts phishing, smishing, and online account takeover attacks.

Vertex Ventures joins Draper Nexus in providing the startup, which also has an office in Porto, Portugal, with the seed funding to advance its service that seeks to help consumers protect their digital assets by stopping phishing attacks on mobile devices in real-time.

In a statement on its website, Fyde said it combines machine learning techniques with human analysis to differentiate between authentic and risky links and messages. This way, the company added, consumers are protected across all platforms.

Read the full article at Deal Street Asia