Prompt Security Raises $18M Series A to Secure GenAI
Deal News | Nov 20, 2024 | Newswire Business
Prompt Security, a leader in Generative AI security, has raised $18 million in series A funding led by Jump Capital. With the participation of Hetz Ventures, Ridge Ventures, Okta, and F5, the financing aims to propel Prompt Security in its mission to provide robust security and governance solutions for enterprises adopting GenAI tools. The company's platform mitigates diverse AI-related risks by ensuring data privacy and preventing policy violations. Significant growth is noted in Prompt Security's revenue and customer base, underscoring its pivotal role in addressing security gaps in the AI landscape.
Sectors
- Cybersecurity
- Artificial Intelligence
Geography
- United States – The article mentions a funding announcement from New York, which positions the geography of Prompt Security and the investors involved in this locale.
Industry
- Cybersecurity – The article revolves around Prompt Security's role in providing security solutions for Generative AI tools, emphasizing cybersecurity to prevent AI-specific threats.
- Artificial Intelligence – The focus on securing Generative AI tools highlights its relevance to the AI industry, particularly in managing security risks associated with AI deployments.
Financials
- $18 million – Series A funding raised by Prompt Security.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Prompt Security | Target Company | Company | A company providing security solutions for Generative AI tools. |
| Jump Capital | Lead Investor | Company | The lead investor in Prompt Security's $18 million Series A funding. |
| Hetz Ventures | Investor | Company | Participated in Prompt Security's Series A funding, increasing their investment. |
| Ridge Ventures | Investor | Company | Investor in the Series A funding round for Prompt Security. |
| Okta | Investor | Company | Participated as an investor in the Series A funding round. |
| F5 | Investor | Company | Involved in the Series A funding for Prompt Security. |
| Itamar Golan | Co-Founder and CEO | Person | Co-founder and CEO of Prompt Security, with expertise in cybersecurity and AI. |
| Lior Drihem | Co-Founder and CTO | Person | Co-founder and CTO of Prompt Security with extensive experience in cybersecurity. |
| Saurabh Sharma | Partner | Person | Partner at Jump Capital, supporting Prompt Security's mission. |
| Richard Moore | Security Director | Person | Security Director at 10x Banking, discussing Prompt Security's impact on competitive innovation. |