Washington-based Protect AI is a security company based on Machine Learning and Artificial intelligence that raised $35 million led by Evolution Equity Partners in a Series A round.
After this round, the total funds raised by Protect AI is $48.5 million. Salesforce Ventures actively backed the round with the participation of boldstart ventures, Acrew Capital, Pelion Ventures, and Knollwood Capital.
Richard Seewald, Founder of Evolution Equity Partners joined the board after this round.
Protect AI AI-Rader $35M Series By Evolution
CEO Protect AI, Ian Swanson said that the raised funds will be used for R&D, marketing, and new sales drive to accelerate growth.
Protect AI provides a safer environment for businesses and organizations to manage their AI programs. Protect AI platform AI Rader gives ML engineers and developers direct access to see and manage the environment according to their needs. By doing this organizations can quickly remediate the risks for ML and AI applications.
Moreover, AI Radar provides real-time insights into the app surface, cloud, data, models, and other assets. It also generated dynamic MLBOM to ensure complete auditability, transparency, and integrated security.
Also Read: SecureW2 Raised $80M By Insight