*By Tracey Cheek* Securly is a start-up with a simple mission: to keep kids safe online. And the artificial intelligence company has just raised $16 million in series B funding to expand the reach of its social media tracking capabilities to more parents and schools. “We are going to take this money and invest in research and development and scaling up sales and distribution across America,” CEO and co-founder Vinay Mahadik told Cheddar. The funding round was led by Defy Partners with participation by Owl Ventures. The infusion brought Securly’s total venture capital raised to date to $24 million. Securly looks for online signs of cyberbullying, self-harm, and other digital threats both at school and at home. It currently has over 500,000 parents on its parent portal and serves more than 7 million total students and over 5,000 schools. It has a market penetration of over 10 percent of U.S. public school districts. While big digital players like Facebook's ($FB) Instagram and Google ($GOOGL) have implemented their own tools for blocking unsafe content from kids, Mahadik says there is little evidence of adoption by parents. “What we have seen over the past five years is schools and parents don't have the time to try and use all the solutions by each of the different giants out there,” Mahadik said. “Google, Microsoft ($MSFT), Apple ($APPL) all came out with their own solutions and we have not seen any evidence that parents actually using these solutions together in a typical household.” With products both for school and home, Mahadik said Securly can offer a unified solution keep kids safe throughout their day. "That's allowed the company to be a five-year-old startup competing with 20-year-old incumbents and still be extremely successful," he said. For full interview [click here](https://cheddar.com/videos/securly-using-artificial-intelligence-to-keep-kids-safe-online).

Share:
More In Business
Stretching Your Dollar: Expert Holiday Design Tips on a Budget
The holiday season is underway and it's a good time to put your Christmas tree up if you haven't already. But making your home festive can be costly. Cameron Forbes, founder of Forbes Functions, joined Cheddar News to provide tips for decorating on a dime.
Regulators Investigating Chevy Volts
Federal regulators are investigating Chevrolet Volt hybrid cars after some drivers reported issues including sudden power loss and failure to restart.
Celebrating the Holidays With Build-A-Bear Workshop
Build-A-Bear Workshop has been one of the most recognizable and beloved toy brands in the world since opening in 1997. Sharon Price John, CEO of Build-A-Bear Workshop, spoke with Cheddar News about its plans for the holiday season this year as well as the company's first animated feature film.
Stocks Flat Ahead of Fed Chair Comments
Stocks were generally flat after the opening bell on Friday ahead of Federal Reserve Chair Jerome Powell's comments in a speech at Spelman College later. Investors are growing optimistic that the central bank is done raising rates and may start cutting next year.
Load More