Protect AI Raises $35M in Series A Financing to Secure AI and Machine Learning from Software Supply Chain Threats
Summary
Startup led by Former AWS and Oracle AI executives is addressing security blind spots with a Detection, Remediation and ML Bill of Materials SolutionSEATTLE, July 26, 2023--(BUSINESS WIRE)--Protect AI, the artificial intelligence (AI) and machine learning (ML) security company, today announced it has closed a $35M Series A round of funding led by Evolution Equity Partners with participation from Salesforce Ventures and existing investors Acrew Capital, boldstart ventures, Knollwood Capital and Pelion Ventures. He brings more than three decades of investment, operational and entrepreneurial experience in cybersecurity, enterprise software and data analytics to the Board. "Protect AIs founders have built and managed the largest AI/ML businesses in the world for AWS and Oracle, and have assembled one of the most accomplished teams Ive seen in a startup. "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. "This new funding will provide the resources to help us scale Protect AI and capitalize on the significant market opportunity in front of us.