Lasso Security Raises $6 Million in Seed Funding to Protect Against Cybersecurity Threats of Large Language Models

Lasso Security, a leading cybersecurity company, has announced a successful $6 million Seed round led by Entrée Capital, with participation from Samsung Next. This funding will support the development and expansion of Lasso Security’s innovative platform, which aims to address the significant cybersecurity challenges posed by the rapid adoption of Large Language Models (LLMs) and Gen AI.

The rise of LLMs and Gen AI has revolutionized information processing, but it has also created new vulnerabilities for cybercriminals to exploit within enterprise settings. Data exposure, security breaches, and compliance risks have become pressing concerns for businesses leveraging these cutting-edge technologies.

Founded in 2023 by Elad Schulman, Lior Ziv, Ophir Dror, and Yuval Abadi, Lasso Security offers organizations a comprehensive solution to safely integrate LLMs into production environments. With a strong focus on preserving data privacy and user confidentiality, Lasso Security’s platform safeguards against malicious threats, ensuring the secure operation of businesses utilizing generative AI technologies.

„The capabilities of LLMs are extraordinary, but they also introduce vulnerabilities that cybercriminals can exploit,“ said Elad Schulman, CEO of Lasso Security. „Without a dedicated Gen AI risk management solution, organizations will face negative outcomes in the near future. At Lasso, we have analyzed and addressed numerous LLM security challenges. Our mission is to equip businesses with robust defenses to protect their systems, even while utilizing generative AI technologies that rely on LLMs. Our sophisticated security platform ensures that every aspect of LLM-generated data is under constant oversight, enabling teams to confidently embrace generative AI without compromising the safety and security of their valuable data.“

With this new round of funding, Lasso Security is well-positioned to continue providing businesses with the necessary tools and expertise to navigate the complex landscape of cybersecurity threats in the age of LLMs and Gen AI. By prioritizing data protection and privacy, Lasso Security’s platform represents a crucial step forward in ensuring the safe and secure utilization of these powerful technologies.

Frequently Asked Questions (FAQ)

1. What is Lasso Security?

Lasso Security is a cybersecurity company that specializes in providing protection against the unique threats posed by Large Language Models (LLMs) and Gen AI. Their comprehensive platform offers businesses robust defenses and oversight to ensure the secure utilization of generative AI technologies.

2. What challenges does Lasso Security address?

Lasso Security addresses the cybersecurity challenges associated with LLMs and Gen AI, including data exposure, security breaches, and compliance risks. Their platform aims to safeguard every touchpoint of LLMs, protecting businesses from malicious threats.

3. Who are the founders of Lasso Security?

Lasso Security was founded in 2023 by Elad Schulman, Lior Ziv, Ophir Dror, and Yuval Abadi. They bring together extensive expertise in the field of cybersecurity to develop innovative solutions that ensure the safe integration and deployment of LLMs in production environments.

4. How does Lasso Security protect user privacy?

Lasso Security prioritizes data privacy and user confidentiality. Their sophisticated security platform ensures that every data point, command, and prompt generated by LLMs is under constant oversight, providing businesses with peace of mind and confidence in leveraging generative AI technologies.