June 17, 2024 at 10:14AM
Tel Aviv-based Aim Security, founded by IDF Unit 8200 alumni Matan Getz and Adir Gruss, has raised $18 million in a Series A funding led by Canaan Partners. The company aims to address the security risks associated with generative AI applications, offering expert support to companies looking to implement AI products with confidence.
From the meeting notes, I have gathered the following key takeaways:
1. Aim Security, a Tel Aviv-based company, has recently raised $18 million in a Series A round led by Canaan Partners, with participation from YL Ventures and additional backers including the founders of WIZ and leaders from Palo Alto Networks, Proofpoint, and Google.
2. The company specializes in addressing the security concerns posed by Artificial Intelligence (AI), particularly generative AI (gen-AI), which is seen as a significant influence on the corporate risk landscape. Aim Security aims to provide expert support for companies looking to implement AI products with confidence.
3. Aim Security was founded by Matan Getz (CEO) and Adir Gruss (CTO) in 2023, who are alumni of the IDF intelligence Unit 8200, where they developed AI systems, including a major data science defensive AI project for the unit.
4. The new funding will be utilized to bolster Aim Security’s product development and fuel its go-to-market efforts across the globe.
5. Drew Robertson, CISO at Finance of America and an existing customer of Aim Security, highlighted the company’s ability to secure gen-AI applications and enforce industry-specific guardrails to meet stringent regulations.
6. Aim Security previously received $10 million in seed funding, bringing the total raised to date to $28 million.
These key points provide a comprehensive overview of the recent developments and focus areas of Aim Security as discussed in the meeting.