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Venture Capital News: Protect AI Secures $60M Series B Round

2024-08-01
SEATTLE, WA, Protect AI, the leading artificial intelligence (AI) and machine learning (ML) security company, today announced it has closed a $60 million Series B round of funding.
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. To date, the company has raised a total of $108.5M to help organizations protect ML systems and AI applications from unique security vulnerabilities and emerging threats.

Protect AI empowers organizations to secure their AI applications with comprehensive AI Security Posture Management (AI-SPM) capabilities, enabling them to see, know, and manage their ML environments effectively. The Protect AI Platform offers end-to-end visibility, remediation, control, and governance, safeguarding AI/ML systems from security threats and risks.
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