Styx Intetligence (Styx) has closed a $2.7M Seed round, marking a major step forward in its mission to help businesses protect their brand, reputation, and digital assets from cyber threats.
The round was led by BDC’s Seed Venture Fund, with participation from FRAMEWORK Venture Partners, Top Down Ventures, and Sprout Fund. This investment fuels Styx’s expansion and innovation as organizations worldwide face an increasing wave of digital risks — impersonation scams, fake domains, phishing attacks, and deepfake-driven fraud.
Pioneering the Future of Digital Risk Protection
Founded by Karim Ladha and Santosh Nair, seasoned entrepreneurs who’ve worked together for over a decade and successfully built and exited cybersecurity companies, Styx is designed to help businesses stay ahead of external threats in an era where generative Al is reshaping cyber risks.
After witnessing firsthand how enterprises struggled with a lack of visibility into external threats, Karim and Santosh saw an opportunity to change that. As organizations expanded into cloud, SaaS, and extended supply chains, their digital footprints grewbut so did their attack surface. Styx was built to close that gap, giving businesses the same level of visibility into cyber threats that attackers have, thereby enabling enterprises to mitigate impersonation-based attacks with ease.
“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.”
Fueling the Next Phase of Growth
The new funding will be used to accelerate product development, expand the team, and strengthen market presence as demand for brand and digital risk protection continues to grow.
“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 Anmed, Partner of the 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.”
“At FRAMEWORK, we believe that the difference between good and great is a seamless user experience,” said Jim Texier, Partner at . FRAMEWORK and former CTPO at Lightspeed. “By combining cutting-edge technology with an intuitive approach, Styx is clearly redefining digital risk protection for the modern enterprise.”
“At FRAMEWORK, we believe that the difference between good and great is a seamless user experience,” said Jim Texier, Partner at . FRAMEWORK and former CTPO at Lightspeed. “By combining cutting-edge technology with an intuitive approach, Styx is clearly redefining digital risk protection for the modern enterprise.”
Unlocking the Potential of Digital Risk Protection with the MSP Channel
The demand for Digital Risk Protection (DRP) is accelerating as organizations face increasingly sophisticated cyber threats. Styx is leading this shift, leveraging an Al-first approach to develop innovative solutions that help enterprises stay ahead of evolving risks and protect their brand, reputation, and digital assets.
“Digital Risk Protection is a burgeoning field with vast potential,” said Santosh Nair, Co-Founder and CTO of Styx. “Our goal is to harness the power of Al to provide comprehensive protection against digital threats, ensuring our customers can operate securely without the need for bloated software that makes it hard to run their operations.”
This is where Top Down Ventures’ experience in the MSP space becomes a key advantage. Having helped scale some of the most successful SaaS businesses serving MSPs, including IT Glue, ScalePad, and Fully Managed, Top Down Ventures is uniquely positioned to help Styx navigate and expand into the MSP channel.
“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. “Styx has an opportunity to bring Digital Risk Protection into the MSP ecosystem, offering a scalable solution that allows service providers to proactively monitor and secure their clients’ digital footprints. Our experience in helping companies penetrate and scale within the MSP channel will be instrumental in unlocking this new avenue of growth for Styx.”
Driving Innovation and Growth
Styx plans to use the new funding to accelerate product development, expand its team, and enhance its market presence. The company is focused on attracting top talent and continues to foster a culture of innovation within the emerging space of digital risk protection.
“We’re on a mission to build a platform that not only addresses current cybersecurity challenges but also anticipates and remedies future risks as they arise,” added Karim Ladha, CEO and Co-Founder of Styx. “This funding will enable us to scale our operations and deliver on our promise of enterprise-grade digital risk protection that is comprehensive, yet easy to use.”
Looking Ahead
As Styx continues to grow, the company remains dedicated to its core values of innovation, excellence, and customer-centricity. With a strong foundation and a clear vision, Styx is well-positioned to lead the charge in the DRP market through their deep domain expertise and track record in building and scaling cybersecurity tools that can be accessed by both technical and non-technical users.
For more information about Styx and its platform, visit styxintel.com.
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