### #AIThreatManagement #GenerativeAISecurity #CyberAIInnovation
Summary: Prompt Security has secured $18 million in funding to enhance cybersecurity measures for businesses utilizing generative AI tools like ChatGPT. The startup aims to address the increasing security risks associated with AI usage, as highlighted by a significant number of companies experiencing breaches.
Threat Actor: Prompt Security | Prompt Security
Victim: Companies using generative AI | Companies using generative AI
Key Point :
- Prompt Security was founded in 2023 and has quickly raised $18 million to tackle AI-related cybersecurity issues.
- Approximately 30% of companies deploying AI faced security breaches in 2023, indicating a critical need for enhanced security measures.
- The startup’s software monitors interactions between employees and generative AI tools to mitigate risks related to data and intellectual property.
- Prompt Security has attracted notable clients, including The New York Times and New Relic, and is projected to finish the year with $1 million in revenue.
- Competitors in the cybersecurity space, such as Palo Alto Networks and Crowdstrike, have not specifically focused on AI security, presenting an opportunity for Prompt Security.
Exclusive: Prompt Security raises $18 million to help companies better secure generative AI tools like ChatGPT
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Eyal Toueg
- Prompt Security has raised $18 million amid a blizzard of cybersecurity funding.
- Founded in 2023, Prompt Security helps businesses close security gaps associated with AI usage.
- Founder Itamar Golan said Prompt Security will finish the year with $1 million in annual revenue.
Itamar Golan has always been fascinated by the intersection of cyber security and AI. While in the Israel Defense Forces, he became interested in how to build better security systems using AI. Later, he focused on building security software at Checkpoint and Orka Security. His latest venture, Prompt Security, is helping companies manage the cybersecurity risks associated with generative AI tools like OpenAI’s ChatGPT or Google’s Gemini.
Founded in 2023, Prompt has raised $18 million in fresh funding, Business Insider has learned exclusively. The round was led by Jump Capital, with participation from Hetz Ventures, Ridge Ventures, and tech companies Okta and F5. The startup previously raised $6 million in seed funding.
Almost 30% of companies deploying AI had an AI security breach in 2023, according to a Gartner survey. “AI is the biggest attack surface we’ve seen since the cloud,” said Golan.
Golan explains that as employees use generative AI tools like chatbots, new threats emerge with data, intellectual property, and more. Prompt Security’s software will show any interaction between an enterprise employee and a generative AI tool like ChatGPT.
Since emerging from stealth this past January, Prompt Security counts a number of Fortune 500 companies among its customer base. Customers using the startup’s software include The New York Times and New Relic. Golan shared that the company is finishing the year with $1 million in annual revenue.
Competitors include the big players in cybersecurity, such as Palo Alto Networks and Crowdstrike, but Golan says that these companies’ products were not specifically developed to focus exclusively on AI.
“If we believe in the growth and expansion of LLMs, security should grow as an inherent part of it,” said Golan. “Any respectable company should be aware of security risks in AI, and the market is ready.”
Source: https://www.businessinsider.com/prompt-security-raise-18-million-secure-generative-ai-tools-2024-11