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Prompt Security Secures $18M Series A to Enhance GenAI Protection
Prompt Security has raised $18 million in Series A funding, led by Jump Capital with notable participation from Okta and F5. The company, specializing in Generative AI (GenAI) security, aims to leverage these funds to bolster its efforts in safeguarding enterprises against GenAI threats. This initiative follows a significant rise in customers, including Fortune 500 companies.
According to a 2023 Gartner survey, nearly 30% of enterprises utilizing AI experienced security breaches. Prompt Security's investigations reveal a hefty reliance on unauthorized GenAI tools, some potentially risking sensitive data breaches.
CEO Itamar Golan emphasizes the importance of their mission to mitigate GenAI-related risks. The Prompt Security platform enhances data protection and complies with industry standards, offering security solutions that include prevention of unauthorized AI usage and protection against AI-specific threats.
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