HiddenLayer Raises $100 Million to Enhance AI Security Solutions
HiddenLayer, an Austin-based company specializing in AI security, has successfully closed a $100 million Series B funding round. The round was led by Delta-v Capital, with participation from Ten Eleven Ventures, Morgan Stanley, Microsoft's M12, and Booz Allen Hamilton. HiddenLayer provides a comprehensive platform that detects threats, protects models, and ensures the safe, compliant adoption of AI at scale.
Leadership and Vision
The company was co-founded by Chris Sestito, who serves as CEO, along with James Ballard, the Chief Information Officer, and Tanner Burns, the Chief Scientist. "The rapid growth in our annual recurring revenue is a testament to the increasing demand for secure AI solutions," said Sestito.
Growing Demand for AI Security
The need for AI security solutions is on the rise, as more enterprises deploy AI technologies. HiddenLayer is capitalizing on this trend by offering tools that safeguard AI models and workflows from adversarial attacks and vulnerabilities. The company's solutions are particularly popular among financial services, large tech companies, and government agencies.
Use of Funds
The newly secured funds are expected to be used to expand HiddenLayer's product offerings and enhance its market reach. This includes further development of their security tools to meet the growing needs of AI-driven enterprises.
Strategic Partnerships
HiddenLayer's collaborations with key players such as the Department of Defense and a major frontier model provider illustrate its strategic position in the AI security landscape. The company's solutions are designed to support organizations in maintaining secure and compliant AI operations.
Conclusion
With this significant capital injection, HiddenLayer is well-positioned to continue its growth trajectory and reinforce its presence in the AI security sector.