Aim Security, an Israeli cybersecurity startup that has developed a GenAI security platform for enterprises, announced on Wednesday $10 million in Seed funding. The round was led by YL Ventures, with participation from CCL (Cyber Club London), the founders of Wiz and angel investors from Google, Proofpoint and Palo Alto Networks.
Aim Security was founded by cybersecurity veterans Matan Getz, CEO and Adir Gruss, CTO who pioneered the use and adoption of AI and big data tools in the IDF’s elite intelligence Unit 8200. The company’s GenAI Protection Suite is dedicated to continuously securing GenAI adoption, providing security teams with oversight, visibility and control.
According to McKinsey & Company’s report on “The State of AI in 2023”, one-third of respondents use GenAI regularly in at least one business function and 40% of respondents indicate that their organizations plan to increase their investment in AI overall. Interestingly, and concerningly, 53% of those surveyed in McKinsey’s report consider cybersecurity risks the most acute risks of GenAI adoption, but only 38% of respondents who reported GenAI adoption state that they are able to mitigate GenAI risks.
“This enormous risk surface is replete with unique attack vectors that existing security solutions cannot sufficiently address,” said Matan Getz, CEO and Co-founder of Aim Security. “Much like the cloud revolution and the bespoke security solutions that followed, the GenAI revolution requires an entirely new approach to addressing its unique vulnerabilities and vectors.”
