HiddenLayer, an Austin, Texas-based security provider for artificial intelligence (AI) models and assets, raised $50 million in Series A funding.
SaaS Investors
The round was led by M12, Microsoft's Venture Fund, and Moore Strategic Ventures, with participation from Booz Allen Ventures, IBM Ventures, Capital One Ventures, and Ten Eleven Ventures.
Founded in 2016, M12 is a corporate venture arm of Microsoft and is based in San Francisco, California. The firm seeks to invest in companies operating in cloud infrastructure, artificial intelligence, cybersecurity, developer tools, vertical SaaS, web3, and gaming sectors across Europe, North America, Israel, and India.
Moore Strategic Ventures is a venture capital investment firm that seeks to invest in companies operating in the electronics, advanced materials, energy, cleantech, information technology, transportation, and distribution sectors. Founded in 2014 and is based in New York, New York.
HiddenLayer Use of Funds
The company will use the funding to expand its talent base, increase go-to-market efforts, and invest in its MLSec Platform.
About HiddenLayer
HiddenLayer, a Gartner-recognized AI Application Security company, helps enterprises safeguard the machine learning models behind their most important products with a comprehensive security platform. HiddenLayer offers turnkey AI security that does not add unnecessary complexity to models and does not require access to raw data and algorithms. Founded in March of 2022, it is based in Austin, Texas.
Funding Details
Company: HiddenLayer, Inc.
Raised: $50.0M
Round: Series A
Funding Month: September 2023
Lead Investors: M12 (Microsoft's Venture Fund) and Moore Strategic Ventures
Additional Investors: Booz Allen Ventures, IBM Ventures, Capital One Ventures, Ten Eleven Ventures
Company Website: https://hiddenlayer.com/
Software Category: Machine Learning Security
Source: https://www.prnewswire.com/news-releases/hiddenlayer-raises-50m-in-series-a-funding-to-safeguard-ai-301931260.html