November 20, 2023 at 05:19PM
Lasso Security, a cybersecurity company specializing in Large Language Models (LLMs), has raised $6 million in a seed funding round led by Entrée Capital and Samsung Next. Lasso aims to address the cybersecurity challenges posed by LLMs and provide comprehensive protection for businesses leveraging Generative AI. The funds will be used to expand the team and enhance offerings. Lasso offers solutions to prevent model theft, malicious code generation, data poisoning, and supply chain attacks, as well as oversight on sensitive data disclosure and safe usage of LLM-based tools.
Key takeaways from the meeting notes are as follows:
– Lasso Security, a startup focused on Large Language Models (LLMs) cybersecurity, announced a $6 million seed round led by Entrée Capital with participation from Samsung Next.
– The adoption of LLMs and Generative AI has brought significant benefits to organizations, but it has also introduced cybersecurity challenges such as data exposure, security risks, and compliance risks.
– Lasso Security aims to set the standard for LLM cybersecurity by protecting every LLM touchpoint and offering comprehensive protection for businesses leveraging Generative AI and other large language model technologies.
– The company plans to use the funding to expand its team and enhance its offerings.
– Lasso’s mission is to provide innovative security solutions that allow organizations to fully adopt LLM and Generative AI technologies while addressing various cybersecurity threats such as model theft, malicious code generation, and supply chain attacks.
– The company also offers oversight on sensitive data disclosure and provides guidance on safe usage of LLM-based workplace tools in real-time.
– Lasso has developed a comprehensive solution that includes preventative and remediation measures to safeguard systems and data.
– Lasso’s platform, which includes features like Shadow AI Discovery, ongoing LLM Data-Flow Monitoring, and Real-time Detection and Alerting, enables organizations to respond rapidly to emerging threats and align with security policies.
– The company aims to enable organizations to integrate and deploy LLMs in production environments while preserving data and user privacy and protecting against malicious threats.
– Lasso Security is collaborating with various organizations to enhance their LLM-based environments.
– The startup was founded in 2023 by Elad Schulman, Lior Ziv, Ophir Dror, and Yuval Abadi and boasts a team of experienced entrepreneurs, cyber innovators, and data scientists.
– Investors such as Entrée Capital and Samsung Next are supporting Lasso’s mission to optimize LLM security for enterprises.
– René Bonvanie, former CMO of Palo Alto Networks, has joined Lasso’s Advisory Board.