Alice Raises $140 Million for AI Security As Attacks Outpace Defenses
AI is getting smarter. So are the people trying to break it. On August 25, AI security company Alice raises $140 million to help companies defend against attacks that didn’t The post Alice Raises $140 Million for AI Security As Attacks Outpace Defenses appeared first on Ventureburn .
AI security firm Alice has recently raised $140 million in funding to bolster defenses against increasingly sophisticated AI attacks. The AI startup, formerly known as ActiveFence, aims to tackle the growing issue of democratized AI capabilities without an equivalent democratization of defenses. The latest funding round was led by Apax Digital Funds, with participation from Samsung, SentinelOne, MoreTech, Phoenix Financial, CRV, Norwest, and NFX, among others. This brings Alice's total funding to $280 million.
Alice's primary focus is to protect AI labs and enterprises that are deploying AI agents internally. The company's platform, built on a massive dataset called Rabbit Hole, helps identify and prevent malicious prompt injections and jailbreaks in AI models. Alice's revenue has skyrocketed, with the company's AI business growing by over 500% in the past two years, and annual recurring revenue nearing $100 million.
The company's CEO, Noam Schwartz, emphasizes that AI security is critical now due to the rapid release of new AI capabilities and the speed at which defenses are lagging. With over 150 researchers working on AI security research, Alice is uniquely positioned to address the evolving threats in the AI landscape. The new funding will be allocated to enhance the company's technology, expand the Rabbit Hole dataset to keep pace with the changing threat landscape, and scale sales to reach more AI labs and enterprises.
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