Prompt Security Raises $5 Million To Accelerate Growth

By Annie Baker • Jan 26, 2024

Prompt Security – a unified platform for enterprise generative AI security – launched from stealth and announced $5 million in seed funding. The funding round was led by Hetz Ventures with participation from Four Rivers and prominent angels, including CISOs at Elastic and Dolby. And Prompt Security is helping dozens of high-profile companies protect their applications, employees, and customers from new generative AI-associated threats.

Prompt Security enables enterprises to benefit from the adoption of generative AI while protecting from the full range of risks to their applications, employees, and customers. At every touchpoint of generative AI in an organization, ranging from AI tools used by employees to AI integrations in customer-facing products, Prompt Security inspects each prompt and model response to prevent the exposure of sensitive data, block harmful content, and secure against a range of gen AI-specific attacks. This solution also provides the leadership of enterprises with complete visibility and governance over the AI tools used within their organization.

Prompt Security can be deployed in an organization in minutes, with extensions for all major browsers and multiple methods for securing applications, including a developer SDK. Its capabilities include:

1.) Security – Prompt Security inspects semantic data, looking at every prompt and model response to protect against a range of new threats, like prompt injection, jailbreaking, data extraction, and more.

2.) Governance – Security and AI leaders are provided visibility into the usage of gen AI tools within their organization, and can define access policies per application and user group. And Prompt Security employs an LLM-agnostic approach to detecting AI tools based on usage patterns, enabling the identification of thousands of tools.

3.) Data Privacy – Contextual LLM-based models detect and redact sensitive data, ensuring information like PII, PHI, and intellectual property is properly safeguarded.

4.) Safety – The responses from Gen AI tools are scrutinized to ensure they do not contain harmful or toxic content.

KEY QUOTES:

“Generative AI is rapidly infiltrating enterprises and this brings a world of new high-stakes risks. Employees have a strong incentive to share enterprise data with gen AI tools, which are often trained on the data and can leak it afterwards. Likewise, when organizations integrate gen AI into their products it opens them up to a host of security challenges, including models being manipulated by bad actors, and content being generated that is unsafe or infringes on copyright. Yet despite all the risks, gen AI unlocks immense value, and adopting it isn’t a matter of choice — it’s key to business survival.”

“We empower CISOs to become the gen AI enablers of their organization, without sacrificing on security or data privacy. Our mission is to enable enterprises to confidently adopt transformative AI technology on a massive scale by securing their generative AI footprint end-to-end.”

— Itamar Golan, CEO and co-founder of Prompt Security

“We wanted to invest in the generative AI security space and were looking for the right team. After getting to know Itamar and Lior, I can say without a doubt that they uniquely understand both the incredible potential of generative AI as well as the new attack surface that comes with it. Their ambitious vision for a unified security solution deeply resonates with the need of enterprise CISOs, and they’ve put together the perfect team to execute on this vision.”

— Pavel Livshiz, General Partner at Hetz Ventures