TrojAI, a Saint John, NB-based provider of enterprise artificial intelligence (AI) security solutions, raised $5.75M in Seed funding.
The round was led by Flying Fish with participation from current investors including Build Ventures and Techstars, as well as new investors Alteryx Ventures and Flybridge Capital Partners. TrojAI has also added new board member, Chip Hazard, General Partner and Co-Founder of Flybridge Capital Partners.
The company intends to use the funds to grow operations, and enhance its product development, sales, and marketing efforts.
Led by CEO Lee Weiner, and CTO James Stewart, TrojAI provides a comprehensive AI security platform to protect AI/ML applications and infrastructure, which empowers enterprises to safeguard applications from real-time threats with its firewall. Penetration test models and remediation guidance delivered prior to deployment further mitigate risk.
To meet growing global demand, TrojAI will also expand its operations to the U.S. with a new office in Boston, Massachusetts.
Weiner joins the company as CEO to drive continued growth and enterprise adoption of TrojAI. He brings more than 25 years of B2B software experience, with an extensive background in the cybersecurity sector. Weiner has significant experience leading early and growth stage companies to initial public offering (IPO) and beyond. Prior to joining TrojAI, he was a senior executive at Rapid7 for 11 years, leading products, engineering, and innovation as the company scaled from $40 million to over $750 million in revenue. Earlier, Weiner held senior roles with LogMeIn, Symantec, and Netegrity.
FinSMEs
03/04/2024