Protect AI Secures $60M in Series B Funding to Enhance AI and ML Security Solutions
Protect AI is a pioneering security company specializing in AI and machine learning.
Company Name: Protect AI
Location: Seattle, WA
Sector: Cybersecurity, AI, Machine Learning
Funding Details: Raised $60 million in Series B funding, bringing the total funding to $108.5 million. The round was led by Evolution Equity Partners, with participation from 01 Advisors, StepStone Group, Samsung, and existing investors Acrew Capital, boldstart ventures, Knollwood Capital, Pelion Ventures, and Salesforce Ventures.
Purpose of Investment: The investment will be used to enhance Protect AI's AI Security Posture Management (AI-SPM) platform. The funds will also support the expansion of customer success and sales resources, advance R&D efforts, and strengthen channel programs.
Leadership: Protect AI is leading the charge in securing AI applications by providing comprehensive solutions that ensure the integrity and security of machine learning environments.
Product and Innovation: Protect AI offers an AI-SPM platform that delivers end-to-end visibility, remediation, control, and governance of AI/ML systems. This platform is essential for safeguarding AI/ML systems against security threats and risks, and it provides tools for organizations to manage their ML models, LLMs, ML systems, and AI applications effectively.
Acquisition and Expansion: Prior to closing its Series B round, Protect AI acquired SydeLabs to further bolster its capabilities in securing AI environments and Generative AI applications.
Global Presence: With headquarters in Seattle, and additional offices in Berlin and Bangalore, Protect AI serves a global clientele across both the private and public sectors, helping them secure traditional and advanced ML and AI systems.
About the Company: Protect AI is a pioneering security company specializing in AI and machine learning. By providing advanced security posture management solutions, Protect AI enables organizations worldwide to protect their critical AI and ML investments from emerging threats and vulnerabilities, ensuring robust security frameworks and operational resilience.