Funding raised by Protect AI- SaaS Startup
Protect AI, a cybersecurity company based in Washington, dedicated to ensuring the safety of networks using artificial intelligence and machine learning, has secured $13.5 million in venture funding and launched its first product.
Protect AI aims to build an “AI-Powered World by empowering a community of ML security researchers, finding unique exploits, and providing tools that reduce the risk inherent in MLOps pipelines.“
The investment round of $13.5 million was led by Acrew Capital and Boldstart Ventures and also included Knollwood Capital, Pelion Ventures, Avisio Ventures, and cybersecurity professionals Shlomo Kramer, Nir Polak, and Dimitri Sirota.
The business is led by:
Ian Swanson, CEO and Founder– Amazon Web Services Worldwide Leader for Artificial Intelligence and Machine Learning, Vice President of Machine Learning at Oracle, CEO and Founder of DataScience.com, Ex-American Express, Sprint.
Daryan (D) Dehghanpisheh CRO and Founder- Global Leader for Artificial Intelligence and Machine Learning Solution Architects, under Mr Swanson, Ex- Amazon Web Services, Sr. Vice President of Digital Strategy at Howard Hughes Corporation, Sr. Vice President and Managing Director of Technology and Data Products at NYSE.
Badar Ahmed CTO and Founder– Director of Engineering at Oracle Cloud, Engineering lead at DataScience.com, Ex-Caltech
NB Defense- Product Overview:
- Dependency Vulnerability Detection:
- Third-Party License Validation
- Secrets Detection
- PII Identification
“As machine learning models usage grows exponentially in production use cases, we see AI builders needing products and solutions to make AI systems more secure while recognizing the unique needs and threats surrounding machine learning code, we have researched and uncovered unique exploits and provide tools to reduce risk inherent in [machine learning] pipelines.”
Swanson said in an interview.
“As we grow our customers, build partners and value chain participants we will use our funding to add additional team members in software development, engineering, security and go-to-market roles throughout 2023,”
Swanson further added.
Integrations of Protect AI
- Jupyter Notebooks,
- Amazon SageMaker,
- Azure ML and
- Google Vertex AI Workbench
Funding Usage
As suggested by the founders, fresh capital raised will be put toward product development and customer outreach.
Congratulations team Protect AI on the successful fundraising round!
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