Protect AI Secures $60M in Series B Funding to Enhance AI Security Platform

Series B Funding: Protect AI, based in Seattle, raised $60M in a Series B round led by Evolution Equity Partners, with participation from several notable investors.
Total Funding: The company has raised a total of $108.5M to date.
Platform Expansion: The funds will be used to enhance Protect AI’s AI Security Posture Management platform, expand customer success and sales resources, and advance research and development.

Enhanced AI Security: The additional funding will strengthen Protect AI’s capabilities in safeguarding AI/ML systems from security threats, providing comprehensive visibility and control.
Market Expansion: The investment will enable Protect AI to expand its market reach and customer base, particularly in securing AI applications and ML environments.
Global Presence: With headquarters in Seattle and offices in Berlin and Bangalore, Protect AI is positioned to support a diverse range of customers globally.
Strategic Acquisition: The acquisition of SydeLabs further bolsters Protect AI’s offerings, particularly in securing Generative AI applications.

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