Protect AI has raised $60M in Series B funding, propelling the company to new heights in securing AI and machine learning (ML) systems from unique vulnerabilities and emerging threats. The latest round, led by Evolution Equity Partners, along with participation from prominent investors such as 01 Advisors, StepStone Group, and Samsung, increases the company’s total funding to $108.5M. This capital infusion will support the company’s efforts to enhance its AI Security Posture Management (AI-SPM) platform, which aims to provide comprehensive protection across the entire AI lifecycle.
With the new funding, Protect AI plans to accelerate innovation, expand its R&D capabilities, and strengthen customer support. The company’s AI-SPM platform is already a leading solution in the market, offering end-to-end security for traditional ML models, large language models (LLMs), and AI applications. The platform’s expansion from one to five products within a year has enabled it to become a trusted security partner for national security organizations and Fortune 500 companies alike.
Protect AI’s recent acquisitions, including SydeLabs, further solidify its leadership in AI security. The addition of SydeBox, an automated red teaming tool for GenAI systems, enhances Protect AI’s ability to identify and mitigate risks associated with LLMs, ensuring safer and more reliable AI deployments. The company’s growing huntr AI/ML threat research community, now boasting over 15,000 members, plays a crucial role in continuously identifying and addressing vulnerabilities in AI/ML supply chains.
The company’s continued growth and strategic partnerships aim to meet the increasing demand for secure AI solutions. With robust offerings for model security, AI-SPM, and automated red teaming, Protect AI is poised to lead the market in providing comprehensive AI security. The funding will enable the company to expand its global reach, empowering organizations to confidently embrace AI technologies while safeguarding against evolving threats.