Alice Raises $140 Million to Boost AI Security
Alice, a New York-based company specializing in AI security, has successfully raised $140 million in an undisclosed funding round. The investment, led by Apax Digital Funds, includes participation from prominent investors such as Samsung, SentinelOne, Maj Invest, MoreTech, and Phoenix Insurance, along with existing backers like Resolute Ventures, Grove Ventures, CRV, Highland Europe, Vintage Investments, Norwest, NFX, and Claltech.
Alice focuses on securing AI applications and agents by implementing red teaming and runtime guardrails, utilizing real-world adversarial data to protect systems from unintended actions and threats.
Addressing AI Security Challenges
As AI models become increasingly autonomous, the security challenges they present grow more complex. Alice is dedicated to ensuring that AI systems do not perform unintended or harmful tasks. The company has leveraged its expertise in monitoring adversarial activities on major internet platforms to develop robust security solutions for AI models. CEO Noam Schwartz emphasized the importance of these efforts, stating, "There are infinite ways to break an AI, and you can't defend against something you've never seen."
Strategic Investment and Growth
The newly secured funds will enable Alice to further advance its AI security capabilities, addressing vulnerabilities such as jailbreaks and prompt injection. The company's revenue is approaching $100 million in annual recurring revenue, reflecting over 500% growth in the past two years.
Alice's solutions are becoming increasingly relevant as AI is integrated into more critical functions, allowing agents to access databases, internal software, and APIs. These advancements pose potential risks that Alice aims to mitigate, ensuring that AI agents remain secure and reliable.
Expanding Capabilities
With this round of funding, Alice plans to enhance its security offerings and support the growing demand for robust AI defenses. Apax Digital Funds' participation will also bring valuable strategic guidance, as they join Alice's board of directors.
Alice's commitment to AI security highlights the ongoing need to protect and secure AI models as they become more integral to business operations and everyday technology.