PRESS RELEASE. TEL AVIV, Israel-(BUSINESS WIRE)-Aim Security, an Israeli cybersecurity startup offering enterprises a holistic, one-stop shop GenAI security platform, today announced $10 million in seed funding.
Aim Security was founded by cybersecurity veterans Matan Getz, CEO and Adir Gruss, CTO who pioneered the use and adoption of AI and big data tools in the IDF's elite intelligence Unit 8200.
Generative AI isn't the future of technology, it's the present.
Interestingly and concerningly, 53% of those surveyed in McKinsey's report consider cybersecurity risks the most acute risks of GenAI adoption, but only 38% of respondents who reported GenAI adoption state that they are able to mitigate GenAI risks.
GenAI is implemented in three main ways, each with its unique risk surface.
Public GenAI tools and 3rd party apps with embedded GenAI features accelerate how employees send sensitive data to external tools.
Some of these tools may be ungoverned and unsanctioned by security teams, who must then chase the adoption of these Shadow AI tools, mapping each of their unique risks and understanding what tools are training their models on the data submitted.
There is a massive and growing adoption of GenAI-powered copilots by enterprises.
These hyper-productivity tools connect to the company's environment and may break all existing trust boundaries, flatten the authorization layer and create unauthorized data access.
Companies have also realized the immense value of using GenAI agents and AI-led development to augment their own applications, leading to ownership and GenAI regulation issues, safety questions regarding malicious and manipulated GenAI output and unique attack vectors such as jailbreaks and prompt injection.
Traditional security tools lack the specific expertise required to understand the foundations of GenAI and the scope of its risk, and these are blind spots that organizations can't see until it's too late.
Across the organization, business users and developers can leverage GenAI technology while Aim provides security teams with the oversight, visibility and control they never had. Aim's unparalleled GenAI Protection Suite is a holistic platform that is dedicated to continuously addressing these risks while ensuring increased productivity and secure GenAI adoption.
A comprehensive security solution for any GenAI use, Aim goes beyond security.
It provides organizations with critical insights that augment their understanding of how GenAI can be used to drive business goals.
The Age of GenAI will radically transform the traditional security stack.
Aim Security is the industry guide to secure GenAI adoption, equipping security leaders with the ability to drive business productivity while providing the right guardrails and ensuring proactive protection for all use cases across the entire organization, whether enterprise use or production use.
Leading CISOs and security practitioners on their secure GenAI journey, Aim empowers enterprises to unlock the full potential of GenAI technology without compromising security.
YL Ventures funds and supports visionary cybersecurity entrepreneurs from seed to scale to help them evolve transformative ideas into market-leading companies.
The firm accelerates company growth with tailored support through its powerful network of Chief Information Security Officers, global industry leaders and a dedicated team of multidisciplinary experts.
Based in Silicon Valley, New York and Tel Aviv, YL Ventures manages five funds with $800M in total AUM. The firm has a track record of seeding cybersecurity unicorns such as Axonius and Orca Security and its portfolio companies have been successfully acquired by high-profile, global industry leaders including Palo Alto Networks, Microsoft, Okta and Proofpoint.
This Cyber News was published on www.darkreading.com. Publication date: Wed, 31 Jan 2024 23:40:18 +0000