Protecto, an inventive startup hailing from Silicon Valley, is making waves in the realm of securing artificial intelligence (AI) deployments within corporations. With its cutting-edge technology, the company strives to protect data privacy and enhance security measures in organizations. In […]
Protecto, an inventive startup hailing from Silicon Valley, is making waves in the realm of securing artificial intelligence (AI) deployments within corporations. With its cutting-edge technology, the company strives to protect data privacy and enhance security measures in organizations.
In a recent triumph, the San Jose-based startup successfully raised $4 million in seed-stage capital from notable investors including the Together Fund, Better Capital, FortyTwo VC, Arali Ventures, and Speciale Invest. This funding serves as fuel to further Protecto’s mission of revolutionizing data protection and ensuring compliance.
Unlike conventional approaches to AI security, Protecto introduces the utilization of user-friendly application programming interfaces (APIs) to assist organizations in safeguarding their data throughout the entire AI lifecycle. These APIs play a crucial role in securing data during the training, fine-tuning, and prompting stages. By leveraging this innovative approach, organizations can effectively mask sensitive personal information while still retaining the original data format and meaning. This enables AI models to comprehend contextual information and generate accurate results.
To fully nurture their groundbreaking initiatives, Protecto intends to use the newly acquired capital to attract top engineering talent and expand their go-to-market strategies. By doing so, the company aims to bring their state-of-the-art technology to an even wider audience.
Protecto joins a growing surge of AI security companies that are attracting substantial venture capital investments. Esteemed companies such as Hidden Layer, CalypsoAI, Harmonic, and KPMG-spinout Cranium have also successfully secured significant funding this year. This influx of investments can be attributed to the immense potential of AI, as demonstrated by the successful launch of OpenAI’s ChatGPT application and the competition among software providers to harness the capabilities of language learning models and generative AI.
The tech industry is witnessing a clear shift towards prioritizing AI security, evident through Microsoft’s introduction of an AI-powered security analysis tool and OpenAI’s commitment to enterprise-grade security within their business edition of ChatGPT. Protecto finds itself at the forefront of this movement, focused on revolutionizing data privacy and security in the era of AI.