Apex was co-founded ten months ago by Matan Derman and Tomer Avni, both former officers in the Israeli military's elite 8200 intelligence unit. The company aims to address the new segment of threats and risks posed by AI models, including data leakage and privacy issues. The startup has been operating in stealth mode, working secretly with selected companies.
Key takeaways:
- Israeli cyber security startup Apex has received an undisclosed investment from OpenAI CEO Sam Altman, raising a total of $7 million in a seed funding round led by Sequoia Capital and Index Ventures.
- Apex focuses on protecting the use of AI tools and is currently finalizing paid contracts after running trials with several Fortune 500 companies and investment firms.
- The new funds will be used to accelerate product development, hire workers, and for marketing purposes.
- Apex was co-founded by Matan Derman and Tomer Avni, both former officers in the Israeli military's elite 8200 intelligence unit, and has been operating in stealth mode, working secretly with selected companies.