Protect AI Inc., a security and artificial intelligence startup, has raised $60 million from investors betting that the intersection of AI and security will be big business.
The funding round, led by Evolution Equity Partners, values the startup at $400 million. That brings its post-money valuation, or value including dollars raised, to $460 million. New investors in the deal include 01 Advisors and Samsung Electronics Co., with participation from Salesforce Ventures, Boldstart Ventures and other existing backers.
“Every large company in the world is setting up a plan for security of AI,” said Ian Swanson, the company’s co-founder and chief executive officer. Swanson also said that the startup ...
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