Styx Intelligence (Styx) closed an oversubscribed $2.7 million seed round to expand their AI digital risk protection, the Vancouver-based company announced on March 25, 2025. BDC’s Seed Venture Fund led the financing, with participation from FRAMEWORK Venture Partners, Top Down Ventures, and Sprout Fund.
The company, founded by Karim Ladha and Santosh Nair, aims to shield organizations from digital threats in the age of generative AI. Ladha and Nair, who previously worked together for a decade +, were inspired by their own firsthand experience with the lack of insight into external digital dangers.
CEO and Co-Founder of Styx, Karim Ladha, stated, “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. 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 AI models.”
“Styx Intelligence is addressing an emerging market need with an AI-first approach that is both timely and essential, especially as AI and deepfakes reshape the threat landscape,” said Dinar Ahmed, Partner of the Seed Venture Fund at BDC.
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Jim Texier, Partner at FRAMEWORK and former CTPO at Lightspeed, said that Styx is “redefining digital risk protection for the modern enterprise” by merging cutting-edge technology with an intuitive user experience.
Fueled by the growing complexity of cyber threats, The Digital Risk Protection (DRP) market is on the brink of a significant expansion. Styx intends to utilize AI to offer complete security against these threats.
“Digital Risk Protection is a burgeoning field with vast potential,” said Santosh Nair, Co-Founder and CTO of Styx.
Styx aims to be a leader in the DRP market and claims expertise in building and scaling cybersecurity tools that can be used by both technical and non-technical users.
