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HiddenLayer raises $50M for its AI-defending cybersecurity tools | TechCrunch

Sep 12, 2023 - techcrunch.com
HiddenLayer, a cybersecurity startup specializing in protecting AI systems from adversarial attacks, has raised $50 million in a funding round. The round was co-led by M12 and Moore Strategic Ventures, with participation from Booz Allen Hamilton, IBM, Capital One, and TenEleven. The funds will be used to support the company's go-to-market efforts, expand its workforce, and invest in R&D. HiddenLayer's platform provides tools to protect AI models against adversarial attacks, vulnerabilities, and malicious code injections.

The company, which was co-founded by Chris Sestito, Jim Ballard, and Tanner Burns in 2019, has partnerships with Databricks and Intel and claims to have Fortune 100 customers in the financial, government, defense, and cybersecurity industries. Despite the uncertainty surrounding the prevalence of large-scale attacks on AI, HiddenLayer asserts that the threat will grow with the AI market. The company contributes to the MITRE ATLAS, a knowledge base of adversarial AI tactics and techniques, and claims to be able to protect against all 64 unique attack types listed in ATLAS.

Key takeaways:

  • HiddenLayer, a cybersecurity startup, has raised $50 million in a funding round to support its go-to-market efforts, expand its workforce, and invest in R&D.
  • The company focuses on protecting AI systems from adversarial attacks, monitoring the inputs and outputs of AI systems, and testing models' integrities prior to deployment.
  • HiddenLayer contributes to the MITRE ATLAS, a knowledge base of adversarial AI tactics and techniques, and claims to protect against all 64 unique attack types listed in ATLAS.
  • Despite competition from other startups, HiddenLayer has gained traction and claims to have Fortune 100 customers in the financial, government, defense, and cybersecurity industries.
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