Plurilock Security Inc (PLUR.V) is a Canadian identity-centric AI cybersecurity solutions company. The cybersecurity company provides multi-factor authentication (MFA) solutions using behavioral-biometric, environmental, and contextual technologies.
Today, the company announced that info-Tech Research Group (Info-Tech), the world’s fastest growing IT research and advisory firm, has ranked Plurilock’s flagship software program, “Plurilock AI” as the top Cloud Access Security Broker (CASB) software.
Plurilock AI was ranked first among leading software solutions including Microsoft Defender for Cloud Apps, Prisma Cloud, Cisco Cloudlock and Oracle Cloud Access Security Broker. Plurilock AI was rated as a leader in terms of product features and satisfaction and vendor experience and capabilities.
“We are delighted to announce that Plurilock AI has been ranked as the top CASB software by Info-Tech,” said Ian L. Paterson, CEO of Plurilock. “This ranking provides further validation that our unique technology offers robust security features that can protect our clients’ employees during remote work sessions. The safety of our customer data and key resources is a top priority and we aim to become a market leader in providing zero-trust cybersecurity solutions.”
The Company is set to host an investor webinar on Thursday July 27th 2023 at 10 AM PST/ 1 PM EST to discuss Plurilock’s strategic focus on AI safety and provide a corporate update. To register for the webinar, click this link: https://us02web.zoom.us/webinar/register/WN_y4x4u-UwSzaaqk4Euq6brw
This news comes days after Plurilock announced it has filed a provisional patent application with the United States Patent and Trademark Office (USPTO) for an omnibus system of AI-driven cloud access security broker (CASB) technology features that protect against the inadvertent or intentional release of sensitive data while generative AI is being used. And after the launch of beta access to a new AI safety SaaS (software as a service) product for business and government, “PromptGuard” which will be offered to customers as part of the Plurilock AI platform.
For a more in depth look at the Company and the cybersecurity sector, check out our most recent deep dive titled, “Cybersecurity in Today’s Digital Landscape: Can Plurilock Security Become the Microsoft of AI Safety?“.
At time of writing the stock is down -3.33% on the day and sits at a market cap of around $14.3 million.
After bouncing at the major support zone at $0.125, Plurilock gained strength and momentum backed on the news that the Company is announcing a strategic focus on addressing the growing AI cybersecurity threats on July 18th 2023. Further momentum followed with a major 15% green day on July 19th 2023.
The stock saw a technical pattern breakout confirmed with a close above a downtrend line on July 20th 2023, the day when Plurilock announced its new SaaS product, PromptGuard. The stock recently hit highs just above $0.16 before selling off.
Currently, the stock is in a corrective pullback phase. This tends to occur on major technical breakouts. Price retreats, or corrects, to retest a breakout zone. This provides another entry point for those who missed out on the initial breakout and momentum. Plurilock stock is currently retesting the broken trendline. Bulls should be watching for signs of buying here. A green candle would provide good evidence that buyers are stepping in on the retest, and would validate a continuation higher. A close below the trendline would suppress any breakout momentum.
