Protect AI Secures $35M in Financing Round to Boost Security for AI and ML Environments

Protect AI, the artificial intelligence (AI) and machine learning (ML) security company, announced it has closed a $35M Series A round of funding, enabling the company to scale sales and marketing, go to market activities, R&D, and customer success initiatives.

The funding round was led by Evolution Equity Partners with participation from Salesforce Ventures and existing investors Acrew Capital, boldstart ventures, Knollwood Capital, and Pelion Ventures. To date, the company has raised a total of $48.5M to help organizations protect ML systems and AI applications from unique security vulnerabilities, data breaches, and emerging threats.

Protect AI offers a platform called AI Radar that helps organizations build safer AI by providing AI developers, ML engineers, and AppSec professionals a way to see, know, and manage an ML environment. AI Radar enables customers to quickly identify and remediate risks and maintain a strong security posture for ML systems and AI applications, according to the company.

Other features include:

  • Real-Time Visibility: AI Radar’s visualization layer provides real-time insights into an ML system's attack surface, encompassing ML operations tools, platforms, models, data, services, cloud infrastructure, and other supply chain assets.
  • Immutable ML Bill of Materials: Automatically generates and updates a secure, dynamic ML Bill of Materials (MLBOM) that tracks all components and dependencies in the ML system. This ensures complete visibility and auditability in the AI/ML supply chain.
  • Pipeline and Model Security: Implements continuous integrated security checks to proactively safeguard ML environments from data and secrets leakages, and vulnerabilities that could lead to data poisoning, and other AI security risks. AI Radar utilizes Protect AI’s integrated model scanning tools for LLMs and other ML inference workloads to automatically detect security policy violations, model vulnerabilities, and malicious code injection attacks. It also integrates with third-party AppSec and CI/CD orchestration tools, and model robustness frameworks.

The company also announced that Richard Seewald, founder and managing partner at Evolution Equity Partners has joined the Protect AI board of directors. He brings more than three decades of investment, operational and entrepreneurial experience in cybersecurity, enterprise software and data analytics to the board.

“AI applications are being deployed at an extraordinary and unprecedented rate across all industries and business functions, with virtually no visibility and oversight into the assets being used in their ML systems. Protect AI provides new and innovative solutions, like AI Radar, that enable organizations to build, deploy, and manage safer AI by monitoring, detecting and remediating security vulnerabilities and threats in real-time,” said Ian Swanson, co-founder and CEO of Protect AI. “This new funding will provide the resources to help us scale Protect AI and capitalize on the significant market opportunity in front of us. We are pleased to welcome Richard to our board, and both Evolution Equity Partners and Salesforce Ventures as new investors.”

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