July 29, 2024 at 05:39PM
Lakera, a leading real-time GenAI security company, secured $20 million in Series A funding. This brings their total funding to $30 million and positions them at the forefront of securing GenAI applications. With a prediction of increased GenAI adoption, Lakera’s platform is expected to see continued demand. The company plans to use the funding for product development and expansion in the US.
Based on the meeting notes, here are the key takeaways:
1. Lakera, the world’s leading real-time GenAI Security company, has raised $20 million in a Series A funding round led by European VC Atomico and other notable investors. This brings Lakera’s total funding to $30 million.
2. The investment positions Lakera at the forefront of the global economy’s race to secure GenAI applications.
3. It’s predicted that by 2026, 80% of enterprises will have used GenAI or GenAI-enabled applications in production environments, creating a critical need for security solutions that address GenAI-specific risks.
4. Lakera’s comprehensive approach to AI security delivers three key benefits for enterprises: protection without slowing down AI applications, the ability to stay ahead of AI threats, and centralized implementation of AI security controls.
5. The company plans to use the funding round to invest further in product development and expand its presence in the US, where it already has a foothold in Silicon Valley.
6. Lakera was founded in 2021 by David Haber, Mateo Rojas-Carulla, and Matthias Kraft and is known for creating Gandalf, an educational platform to accelerate secure adoption of AI.
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