October 19, 2023 at 01:18PM
Harmonic Security has raised $7 million in seed funding to develop technology that protects generative AI in businesses. The startup aims to address the lack of regulation in AI apps that collect company data. The financing round was led by Ten Eleven Ventures, with participation from Storm Ventures and other cybersecurity investors. Harmonic joins a competitive market of AI-focused cybersecurity startups, including CalypsoAI and HiddenLayer, which have raised significant funding. The company plans to provide businesses with a comprehensive assessment of their AI adoption, highlighting compliance, security, and privacy risks.
Harmonic Security, a British startup based in London and San Francisco, has secured $7 million in seed-stage investment. The company aims to develop technology that enhances security for generative AI deployments in enterprises. Harmonic is focused on mitigating the risks associated with unregulated AI applications that harvest company data. The funding round was led by Ten Eleven Ventures, with participation from Storm Ventures and several security leaders. Harmonic is joining a competitive field of AI-focused cybersecurity startups, including CalypsoAI and HiddenLayer, that are capitalizing on the growing adoption of AI and LLMs technology in businesses. Innovative companies like OpenAI and Microsoft are incorporating security features into their AI applications, targeting threat intelligence and security issues. Harmonic, led by Alastair Paterson, plans to offer businesses a comprehensive view of AI implementation, with risk assessments for all AI applications and identification of potential compliance, security, or privacy concerns. The company emphasizes the lack of regulations and clear policies surrounding AI usage, providing a solution that allows organizations to control access to AI applications and selectively block sensitive content without relying solely on rules or exact matches.