Israeli AI security company Alice raises $140m. in latest financing round
Alice provides AI safety solutions across the full lifecycle of AI systems. The financing round brings the total amount raised to $280 million
Israeli AI security firm Alice has successfully raised $140 million in a financing round led by Apax Digital, with contributions from Samsung, SentinelOne, Maj Invest, MoreTech, Phoenix Insurance, Norwest, CRV, Vintage, Grove, and Highland Europe. This brings the company's total funding to $280 million and has valued Alice at $800 million. The firm, founded in 2018 by Noam Schwartz, Iftach Orr, Alon Porat, and Eyal Dykan, specializes in AI trust, safety, and security.
Alice's revenue is approaching $100 million annually. Originally focusing on detecting harmful content on social networks, the company pivoted to AI after the launch of ChatGPT in 2022. This allowed them to address threats posed by generative AI, such as fraud, phishing attacks, and misleading content.
Alice's database, Rabbit Hole, contains attack patterns and harmful content gathered from the real world, enabling researchers to test AI systems against observed online methods. The company's mission is to ensure AI systems function as intended by providing comprehensive AI safety solutions throughout the lifecycle of AI models. The funding will be used to enhance Alice's platform, expand the Rabbit Hole database, and scale its go-to-market organization.
Written by urgent.news from Jerusalem Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
