Protect AI Raises $35M in Series A Financing

Protect AI

Protect AI, a Seattle, WA-based artificial intelligence (AI) and machine learning (ML) security company, raised $35M in Series A funding.

The round, which brought the total amount to $48.5M, was led by Evolution Equity Partners with participation from Salesforce Ventures and existing investors Acrew Capital, boldstart ventures, Knollwood Capital and Pelion Ventures. In conjunction with the funding, Richard Seewald, Founder and Managing Partner at Evolution Equity Partners, joined the Protect AI Board of Directors.

The company intends to use the funds to scale sales and marketing, go to market activities, R&D, and customer success initiatives.

Led by CEO Ian Swanson, Protect AI enables safer AI applications by providing organizations the ability to see, know and manage their ML environments. Its platform, called AI Radar, helps organizations build safer AI by providing AI developers, ML engineers, and AppSec professionals a way to see, know, and manage an ML environment. The solution enables customers to quickly identify and remediate risks, and maintain a security posture for ML systems and AI applications.

AI Radar’s visualization layer provides real-time insights into an ML system’s attack surface, encompassing ML operations tools, platforms, models, data, services, cloud infrastructure, and other supply chain assets. It automatically generates and updates a secure, dynamic ML Bill of Materials (MLBOM) that tracks all components and dependencies in the ML system. This ensures complete visibility and auditability in the AI/ML supply chain. The system implements continuous integrated security checks to proactively safeguard ML environments from data and secrets leakages, and vulnerabilities that could lead to data poisoning, and other AI security risks. AI Radar utilizes Protect AI’s integrated model scanning tools for LLMs and other ML inference workloads to automatically detect security policy violations, model vulnerabilities, and malicious code injection attacks. It also integrates with third-party AppSec and CI/CD orchestration tools.