PRESS RELEASE
TEL AVIV, Israel–(BUSINESS FEED)– Aim for securityenabling the secure adoption and use of AI in businesses, today announced $18 million in Series A funding led by Canaan Partnerswith the participation of the company’s seed investor, YL Ventures. Founded by cybersecurity veterans Matan Getz, CEO and Adir Gruss, CTO, who have broken and built AI platforms, including at the IDF’s elite 8200 intelligence unit. Aim’s backers include the founders of WIZ and industry leaders from Palo Alto Networks, Proofpoint and Google. This is one of the fastest Series A rounds in cybersecurity history and brings Aim’s total funding to $28 million.
“Generative AI is transforming industries from finance to healthcare. However, this power also comes with significant risks and the need for robust security solutions developed specifically for generative AI has never been more urgent,” said Joydeep Bhattacharyya, General Partner at Canaan. “Aim Security has quickly risen to the forefront of this industry with its rare combination of expertise, customer-centric ethics and impressive revenue growth. I believe Aim Security is uniquely positioned to enable businesses to harness the transformative power of AI, securely and at scale.
AI applications, ranging from chatbots and virtual assistants to AI productivity tools like Microsoft 365 and GitHub Copilot, have rapidly become woven into the fabric of enterprise workflows and technology stacks. Yet as businesses increasingly adopt AI technology, given its increased ability to drive business growth and efficiency, security leaders find themselves caught in a perpetual cycle of “catch-up” to address the unique data, privacy and security challenges introduced by AI technology. The result is either blocking its use altogether, negatively impacting business and efficiency goals, or putting the organization at risk.
“Strict financial industry regulations and concern for customer data make adoption of GenAI difficult,” said Drew Robertson, CISO at Finance of America. “Aim secures all of our use of GenAI, regardless of where it is applied (public SaaS applications, enterprise chats, or our own internal developments) and helps us set up and enforce safeguards. crazy that match our industry regulations and our unique needs. »
Aim’s proactive, comprehensive security platform governs and secures all forms of AI use in the modern business environment. Specially tailored to unique AI threats, including exposure of sensitive data, supply chain vulnerabilities, harmful or manipulated outcomes, and the emergence of attack methods such as jailbreaks and rapid injection , Aim’s platform has already engendered significant trust from customers in highly regulated industries, including banking, insurance, healthcare, manufacturing and defense.
“Enterprise customers across a wide range of industries have repeatedly asked us: “How can we realize the undeniable benefits of cutting-edge AI technologies, such as increased efficiency and optimized decision-making, without exceeding our acceptable risk threshold,” Matan Getz said. , CEO of Aim Security. “At Aim, our mission is clear: to serve as a trusted AI security ally for enterprise security leaders and enable organizations to confidently unlock the potential of these technologies within their environment , knowing that Aim is their layer of protection.
Objectif seeks to enable businesses to exploit the endless revenue-enhancing opportunities associated with increased growth and efficiency through AI, while ensuring maximum security. With this in mind, Aim’s platform is designed to address all relevant aspects of the use of AI in the modern business environment with a holistic approach. CISOs can become business enablers by encouraging employees to use chatbots, securing enterprise co-pilot deployments, and helping developers build custom GenAI applications securely.
“Matan and Adir have a unique and forward-thinking understanding of current and future GenAI risks, as well as how the hyperdynamic GenAI security space will evolve in the future,” said Ofer Schreiber, Senior Partner at YL Ventures. “Their deep expertise and deep understanding of this space has led to their vision for Aim: the most holistic and comprehensive GenAI security platform in this explosive sector, brimming with emerging niche products and established vendors offering partial solutions. Over the past few months, we have seen this validated by innovative enterprise customers, who have made Aim their trusted partner on their GenAI adoption journey, and by leading industry investors, including Canaan, with whom we are extremely happy to partner in this cycle. .”
For more information on how Aim Security can contribute to the secure adoption of GenAI, please visit: Objective.Security
About Aim for security
The era of GenAI is radically transforming the traditional security stack. Aim for security is the trusted partner for enterprises in securing GenAI adoption, providing security leaders with the ability to drive business productivity while providing the appropriate safeguards and ensuring proactive protection for all cases. ‘use across the entire organization, whether for enterprise or production use. Leading CISOs and security practitioners on their secure GenAI journey, Aim enables businesses to unlock the full potential of GenAI technology without compromising security.
About Canaan Partners
Canaan is an early-stage venture capital firm that invests in entrepreneurs with visionary ideas. With over $7 billion under management, a diversified fund and hundreds of exits to date, we collaborate with entrepreneurs who are building the next generation of technology and healthcare companies that will transform the way we live, work and prosper. To learn more about our people and our portfolio, please visit: www.canaan.com
About YL Ventures
YL Ventures funds and supports visionary cybersecurity entrepreneurs from start to finish to help them scale their transformative ideas into market-leading companies. The company accelerates business growth with tailored support from its powerful network of information security executives, global industry leaders and a dedicated team of multidisciplinary experts. Headquartered in Silicon Valley, New York and Tel Aviv, YL Ventures manages five funds with a total of $800 million in assets under management. The company has a proven track record of creating cybersecurity unicorns such as Axonius and Orca Security, and its portfolio companies have been successfully acquired by prominent global industry leaders, including Palo Alto Networks, Microsoft, Okta and Proofpoint. In 2022, YL Ventures ranked 8th out of more than 250 venture capital firms in PitchBook’s prestigious global manager performance score rankings and was the only cybersecurity-focused venture capital firm to be included in the top 10 on the list.
