March 29, 2024 at 10:36AM
SydeLabs, a Generative-AI security startup, has secured $2.5 million in seed funding from RTP Global, Picus Capital, and angel investors. The San Francisco-based company aims to provide a security and risk management platform for Generative AI, focusing on addressing safety and security vulnerabilities, cyberattacks, and abuse, as well as offering automated red teaming and ad-hoc assessments.
Key Meeting Takeaways:
– SydeLabs, a Generative-AI security startup, has raised $2.5 million in seed funding, with RTP Global leading the investment, along with Picus Capital and angel investors.
– Founded in 2023, SydeLabs, based in San Francisco, is focused on building a security and risk management platform tailored for securing Generative AI throughout its development lifecycle.
– The SydeLabs product is designed to mitigate risks associated with the increasing adoption of Generative AI, including safety and security vulnerabilities, cyberattacks, and abuse.
– SydeLabs offers automated red teaming, ad-hoc assessments, and proactive prevention of attacks and abuses by leveraging real-time threat scores and focusing on attacker intent.
– Their platform aims to identify and prevent flaws in real-time to enhance the safety and resilience of AI applications, aiding organizations in compliance with evolving AI regulations.
– The security and risk management platform integrates with Generative AI systems such as Claude, GPT, Gemini, and proprietary LLMs.
– SydeLabs’ co-founder and CEO, Ruchir Patwa, emphasized the productivity benefits for enterprises and cost prevention associated with inaction around security and compliance threats.
– The meeting notes also referenced other recent funding announcements in the cybersecurity sector, including Coro, BlueFlag Security, Tarsal, and Codezero.
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