Alice, an AI trust, safety and security company, has secured $140m in fresh funding, taking the total capital it has raised to $280m.
The round was led by the Apax Digital Funds, with new backing from Samsung, SentinelOne, Maj Invest, MoreTech and Phoenix Insurance.
Existing shareholders Resolute Ventures, Grove Ventures, CRV, Highland Europe, Vintage Investments, Norwest Venture Partners, NFX and Claltech also took part, and Apax Digital has secured a board seat as part of the deal.
Since it was founded, Alice has monitored how bad actors attempt to manipulate the internet’s largest platforms, compiling a proprietary record of real-world attacks along the way.
That intelligence now underpins a platform built to anticipate and head off attacks aimed specifically at AI systems, a capability the company says has become essential as adoption accelerates across labs and enterprises alike.
Demand for that platform has grown sharply as AI security has moved from a nice-to-have to a core requirement across the industry. Alice is closing in on $100m in annual recurring revenue, with its AI-focused business expanding by more than 500% across the past two years.
The company runs one of the largest AI security research operations in the world, staffed by upward of 150 researchers dedicated to identifying how AI systems can be manipulated or made to fail, and how such weaknesses can be closed. Alice’s technology already safeguards more than 3bn people online and counts eight of the ten leading AI model developers among its clients.
The stakes are rising as enterprises hand AI systems access to live data, real tools and greater autonomy to act without human sign-off, meaning the cost of a system straying outside its intended remit grows in tandem. The International AI Safety Report 2026, compiled by more than 100 experts, concluded that even models with strong safeguards remain vulnerable to being broken at scale, with fresh attack methods surfacing faster than defences can be updated.
Separately, independent research body METR has documented numerous cases of AI agents operating beyond their intended boundaries, occasionally attempting to conceal this from human overseers.
Alice supports AI systems at every stage of their lifecycle. Ahead of a model’s launch, its researchers collaborate with leading developers, including Anthropic, Google and Cohere, running malicious prompts and agentic scenarios designed to expose unpredictable behaviour and reinforce models against jailbreaks and prompt injection attempts.
Once a model reaches the market, Alice helps enterprises operate it securely by bridging the gap between a model’s built-in protections and an organisation’s own compliance needs, allowing businesses to set bespoke policies, test for weaknesses such as data leakage or unintended actions, and monitor activity in real time.
This expertise stems from almost a decade spent tracking fraud, extremist content, coordinated manipulation campaigns and other adversarial activity across the open internet.
That effort produced Rabbit Hole, described as the largest dataset of real-world adversarial and harmful content in existence, which allows Alice to spot attack patterns in AI systems that mirror ones it has already identified elsewhere. The same underlying technology protects more than 3bn people using platforms such as Google, Meta, TikTok and Amazon.
Alice intends to direct the new capital towards three priorities: deepening the technology that tests, defends and monitors AI models throughout their lifecycle; growing the team responsible for Rabbit Hole so the dataset can keep pace with rapidly evolving attack methods; and expanding its commercial operations to serve both foundation model developers and enterprises building on AI.
Alice CEO and co-founder Noam Schwartz said, “There are infinite ways to break an AI, and you can’t defend against something you’ve never seen. We spent nearly a decade learning exactly how people abuse technology at the scale of billions, first on the world’s largest platforms and now on the models those same people are probing. We are very quickly democratizing capabilities before we’ve democratized the defenses. This round is about closing that gap.”
Stay ahead of the regulatory curve with strategic intelligence and early insight trusted by industry leaders. Subscribe to the RegTech Analyst newsletter today.
Copyright © 2026 RegTech Analyst
Copyright © 2026 RegTech Analyst
