Aim Security Poised for Growth After $18M Investment in AI Security

Aim Security Poised for Growth After $18M Investment in AI Security

By Press Release, 20 June 2024

Aim Security, an Israeli startup that makes it possible for enterprise organizations to safely adopt and deploy AI, has raised $18 million in Series A funding.

Canaan Partners led the investment, with YL Ventures joining. The funds will be used by the business to grow both its operations and growth initiatives.

By creating the first security solution for the era of LLMs, Aim Security is defining how security should be done for GenAI.

“Enterprise customers from a wide range of industries repeatedly asked us, ‘How can we embrace the undeniable advantages of cutting-edge AI technologies, such as heightened efficiency and optimized decision-making, without crossing our acceptable risk threshold,’” said Matan Getz, CEO of Aim Security. “At Aim, our mission is clear: to serve as the trusted AI security ally for enterprise security leaders and allow organizations to confidently unleash the potential of these technologies within their environment, knowing that Aim is their protection layer.”

“Matan and Adir have a unique and forward-leaning grasp of current and future GenAI risks, and how the hyper-dynamic GenAI Security space will evolve in the future,” says Ofer Schreiber, Senior Partner at YL Ventures. “Their profound expertise and acute understanding of this space led to their vision for Aim—the most holistic, comprehensive GenAI security platform in this explosive sector, rife with emerging niche products and established vendors with partial solutions. Over the past several months, we’ve seen this validated by innovative enterprise customers, who have made Aim their trusted partner in their GenAI adoption journey, and from the industry’s leading investors including Canaan, with whom we are extremely excited to partner in this round.”

---

Send us your press releases to shareyournews@lucidityinsights.com

Related Report

The Business of Impact Investing in 2023

Impact investing is a form of investing that believes that every dollar invested can make a difference, while producing a profit. Over the past 20 years, impact investing has undergone a remarkable evolution, driven by a confluence of societal, economic, and technological factors. These influences have propelled impact investing into a crucial mechanism for addressing societal needs, traditionally the domain of public funding. In 2022, the impact investing market sat at US$1,146 billion, growing at a healthy compounded annual growth rate (CAGR) of 29% over the last four years. This special report features interviews with thought leaders in the impact investing space, and offers an insightful perspective on the current and future state of impact investing, its challenges and opportunities, and highlights case studies of investors, social enterprises, and the impact they are having on the world.

Subscribe To Our Newsletter

Stay up to date with the latest news, special reports, videos, infobytes, and features on the region's most notable entrepreneurial ecosystems