Startup Combating AI Threats Pulls In $6M Seed Funding

An Israeli startup that provides cybersecurity solutions for companies that utilize generative AI and thereby risk exposing their data has emerged from stealth with seed funding of $6 million. 

Lasso Security can identify which generative AI and large language model (LLM) tools are being used, and monitor every employee that uses them and what data they are sending out or receiving. It can also block employees from sending or receiving risky data, as well as potential threats to the firm. 

The company says that 43 percent of surveyed professionals are using generative AI or LLMs to increase productivity at work – but that very few are protecting their firms from the cybersecurity risks associated with these tools.  

The funds were raised by venture firm Entrée Capital with participation from Samsung Next, the investment arm of the global electronics corporation. 

“The capabilities of LLMs are extraordinary, revolutionizing information processing but also introducing openings for cyber criminals in enterprise settings,” said Lasso Security CEO Elad Schulman.

“As early as next year, organizations without a dedicated Gen AI risk management solution will experience negative outcomes,” he said.

“Our mission is to equip businesses with robust defenses to safeguard their systems, including those using generative AI technologies that leverage LLMs. Every data point, command, and prompt generated by LLMs will be under the vigilant oversight of our sophisticated security platform, enabling teams to embrace generative AI without jeopardizing their data’s safety and security.”