Aim for securitya company that helps businesses safely adopt artificial intelligence (AI), has raised $18 million.
The Israeli company said it was one of the “fastest Series A rounds in cybersecurity history,” bringing Aim’s total funding to $28 million, according to a Monday 17 June. Press release.
“AI applications, ranging from chatbots and virtual assistants to AI Productivity Tools like Microsoft 365 and GitHub Copilothave quickly become integrated into the fabric of the company’s workflows and technology stacks,” the company said in its press release.
But as companies increasingly adopt artificial intelligence, security leaders find themselves constantly scrambling to resolve the data, privacy and security issues it brings, Aim added.
“The result is either to completely block its use, which negatively affects business and efficiency goals, or to put the organization at risk,” the company said.
Aim claims its platform governs and secures all forms of AI use in business, specifically designed for unique threats, such as sensitive data exposure, supply chain vulnerabilities and emerging threats such as jailbreaks and rapid injection.
The company says its platform is used by customers in “highly regulated industries,” such as banking, defense, healthcare, insurance and manufacturing.
Aim’s new funding comes at a time when, as PYMNTS recently wrote, “companies operating in security-critical industries are reminded that safety is essential” on a weekly basis.
In the week preceding this report, a “significant volume of data” had been stolen from at least 165 customers of multi-cloud data warehousing platform Snowflake, with the incident believed to be linked to an earlier incident. massive data breaches has Ticket Master And Bank of Santander.
The day before the Snowflake attack, the city of Cleveland suffered its own cyberattack, leading it to shut down its IT systems and citizen services. Six days earlier, operations at a group of London hospitals were disrupted after laboratory services provider Synnovis fell victim to a ransomware attack.
As this report points out, the Snowflake attack could be the result of poor security practices, serving as a reminder that companies need to ensure their own walls are guarded.
“The #1 thing I would start with is good cyber hygiene“, Rosa Ramos KwokManaging Director and Head of Commercial Information Security for Commercial Banks at J.P. Morgantold PYMNTS, noting that companies can sometimes fall behind in updating existing systems, leaving outdated software with “all kinds of vulnerabilities” because companies had “other priorities, or it was too expensive.
