Aim Security: $18 Million Closed To Enable Secure Adoption Of AI Across Enterprises

By Amit Chowdhry • Jun 18, 2024

Aim Security, a company that is enabling the secure adoption and use of AI across enterprise organizations, announced $18 million in Series A funding led by Canaan Partners, with participation from the company’s seed investor YL Ventures.

Launched by cybersecurity veterans Matan Getz (CEO) and Adir Gruss (CTO), who have broken and built AI platforms, including in the IDF’s elite intelligence Unit 8200. And Aim’s backers include the founders of WIZ and industry leaders from Palo Alto Networks, Proofpoint and Google. This is one of the fastest Series A rounds in cybersecurity history and brings Aim’s total funding to $28 million.

Aim’s all-encompassing security platform governs and secures all forms of AI use across the modern business environment. Specifically tailored for AI’s unique threats, including sensitive data exposure, supply chain vulnerabilities, harmful or manipulated outputs, and the emergence of attack methods such as jailbreaks and prompt injection, Aim’s platform has already featured significant customer trust across highly regulated industries, including banking, insurance, healthcare, manufacturing and defense.

Aim also seeks to empower businesses to harness the endless, revenue-boosting opportunities of increased growth and efficiency with AI while ensuring security and confidence. And with this in mind, Aim’s platform is designed to address all relevant aspects of AI use in the modern business environment with a holistic approach. CISOs can also become business enablers by encouraging employees to use chatbots, securing enterprise copilot deployments and helping developers build custom GenAI applications securely.

KEY QUOTES:

“Generative AI is transforming industries from finance to healthcare. However, this power also comes with significant risks and the need for robust security solutions developed specifically for generative AI has never been more urgent. Aim Security has quickly moved to the forefront of this industry through its rare combination of expertise, customer-centric ethos and impressive revenue growth. I’m confident Aim Security is uniquely positioned to enable enterprises to harness the transformative power of AI, securely and at scale.”

  • Joydeep Bhattacharyya, General Partner at Canaan

“The stringent regulations of the finance industry and concern for our customers’ data make GenAI adoption challenging. Aim secures the entire breadth of our GenAI use, no matter where it is applied — public SaaS apps, enterprise chats, or our own internal developments — and helps us place and enforce the guardrails that fit our industry regulations and unique needs.”

  • Drew Robertson, CISO at Finance of America

“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.’ 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 Getz, CEO of Aim Security

“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. 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.”

  • Ofer Schreiber, Senior Partner at YL Ventures