May 2, 2024 at 11:27AM
Israeli AI security startup Apex emerged from stealth mode with $7 million in seed funding. The funding round was led by Sequoia Capital and Index Ventures, with participation from angel investors, including Sam Altman. Founded in 2023, Apex aims to address security issues introduced by the increasing use of generative-AI products and offers a platform enabling deep visibility and security enforcement into an organization’s AI activity.
Based on the meeting notes, here are the key takeaways:
1. Israeli AI security startup Apex emerged from stealth mode with $7 million in seed funding, with backing from Sequoia Capital, Index Ventures, and angel investors, including OpenAI CEO Sam Altman.
2. Apex aims to address the security challenges arising from the increased use of generative-AI by organizations like data leaks, malicious data injection, and privacy-related issues.
3. The company was founded in 2023 by Matan Derman and Tomer Avni and has designed a platform to provide visibility into an organization’s AI activity, allowing customers to define and enforce security policies and detect AI attacks.
4. The platform supports a wide range of gen-AI chat platforms and copilots provided by major tech companies, as well as custom AI applications built by customers.
5. Apex’s mission is to empower security and AI teams to enable secure AI adoption within organizations, addressing the reluctance to adopt advanced AI due to security concerns.
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