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Protect AI, an AI and machine learning (ML) security company, has just announced that it successfully raised $35 million in a series A funding round. This round was led by Evolution Equity Partners and saw participation from Salesforce Ventures and existing investors Acrew Capital, boldstart ventures, Knollwood Capital, and Pelion Ventures.
Founded by Ian Swanson, who previously led Amazon Web Services’ worldwide AI and ML business, Protect AI aims to strengthen ML systems and AI applications against security vulnerabilities, data breaches, and emerging threats.
The AI/ML security challenge has become increasingly complex for companies striving to maintain comprehensive inventories of assets and elements in their ML systems. The rapid growth of supply chain assets, such as foundational models and external third-party training datasets, amplifies this difficulty.
These security challenges expose organizations to risks around regulatory compliance, PII leakages, data manipulation, and model poisoning.
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Protect AI, the leading provider of Artificial Intelligence (AI) and Machine Learning (ML) security solutions, announced today that it had secured $35 million in venture capital funding led by Insight Partners to expand its platform and increase its reach to organizations.
Protect AI has become a leader in securing Enterprise AI applications. It provides automated, comprehensive security, audit, and remediation for AI and ML models that have become increasingly important parts of the digital infrastructure. This technology is used by organizations to detect, classify, and protect data in a secure and compliant manner.
The funding will allow Protect AI to increase its platform capabilities with additional security elements, as well as expand its reach to more organizations. It will also focus on developing its professional services, increasing its customer base, and deepening its partnerships in the software industry.
In addition, the funding will be used to expand its team of ML and security experts to ensure that the platform is at the cutting edge of AI security. With this, Protect AI will be able to provide organizations with the highest level of security for their Artificial Intelligence deployments.
Protect AI CEO Doug Bollinger commented, “We are excited to announce this funding round which will allow us to expand our platform and reach more customers in the software industry. AI and ML are rapidly changing the world and organizations need to make sure their deployments are secure and compliant. Our platform provides the security and auditability needed for an enterprise-ready AI solution.”
With the funding, Protect AI is well-positioned to scale up its platform and improve the security and visibility of AI deployments for organizations. It is an important step in AI security and will help to ensure customers protect their valuable data.
