The company's software monitors interactions between employees and generative AI tools like chatbots, helping to manage emerging threats to data and intellectual property. Despite competition from larger cybersecurity firms, Prompt Security differentiates itself by focusing exclusively on AI-related security. The company is set to finish the year with $1 million in annual revenue.
Key takeaways:
- Prompt Security, a company that helps businesses close security gaps associated with AI usage, has raised $18 million in fresh funding led by Jump Capital, with participation from Hetz Ventures, Ridge Ventures, and tech companies Okta and F5.
- Founded in 2023 by Itamar Golan, the company is expected to finish the year with $1 million in annual revenue.
- Prompt Security's software allows visibility into any interaction between an enterprise employee and a generative AI tool like ChatGPT, helping manage cybersecurity risks.
- Despite competition from big players in cybersecurity, Golan believes that the market is ready for a security solution specifically developed to focus on AI.