SplxAI, a trailblazer in offensive security for Agentic AI, has successfully closed a $7m seed funding round.
The investment was spearheaded by LAUNCHub Ventures with contributions from Rain Capital, Inovo, Runtime Ventures, DNV Ventures, and South Central Ventures. The funding round not only marks a significant milestone for SplxAI but also sees new additions to their leadership. LAUNCHub General Partner Stan Sirakov will join the company’s Board of Directors, and former Brand Engagement Network CISO Sandy Dunn is set to become the Chief Information Security Officer.
The company is dedicated to advancing the security of internal AI agents and customer-facing AI applications. This is achieved through their innovative SplxAI Platform, which incorporates automated security testing, dynamic remediation, and continuous monitoring to safeguard AI systems.
With the fresh capital, SplxAI plans to accelerate the development and adoption of its platform. The funding will bolster efforts to enhance security features and expand the platform’s capabilities, ensuring organizations can confidently deploy AI technologies without fear of security breaches.
SplxAI’s technology is particularly crucial as the adoption of AI agents becomes more prevalent in various industries. Their platform addresses the unique security challenges posed by AI and LLM technologies, simulating sophisticated adversarial scenarios to detect and mitigate potential threats effectively.
The company’s approach to AI security is built upon a foundation of red teaming and continuous innovation, allowing for the most comprehensive security solutions on the market. “AI agents have the potential to redefine the business landscape, but as their adoption increases, so does the potential for abuse,” said Stan Sirakov, General Partner at LAUNCHub Ventures. “SplxAI is the only vendor with a plan for managing this risk at scale. We are proud to advance the state of agentic AI security through our investment in SplxAI. Their deep roots in red teaming and novel approach to automating AI security testing will be a critical enabler to the industry going forward.”
Previously, the company had focused on developing its core technologies and securing initial funding to validate its market position. This new round of funding is expected to significantly impact SplxAI’s growth trajectory by enabling further technological enhancements and market expansion.
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