Lakera AI, a Zurich, Switzerland-based company has officially launched its AI security platform and has also raised $10 million in funding.

SaaS Investors

The round was led by Redalpine, with participation from Fly Ventures, Inovia Capital, and industry expert angels, including the co-founders of Snyk and key executives from Palo Alto Networks, Datadog, and Hybris.

Redalpine is a Swiss venture capital firm that brings together financial investment, operational expertise, and a vast international network to help ambitious entrepreneurs. With over €1B in assets under management and a sector-agnostic investment strategy, Redalpine has over 85 companies in its portfolio and invests Europe-wide from its offices in Zurich and Berlin.

About Lakera AI

Founded in 2021 by David Haber, Matthias Kraft, and Mateo Rojas-Carulla, Lakera AI is an AI security company that empowers developers to confidently build secure AI applications and deploy them at scale. Lakera AI's platform, known as Lakera Guard, is designed to provide enterprise-grade security for AI applications and is compatible with any AI model or modality. It uses a proprietary database that combines insights from Gandalf, the company's AI education game, with open-source databases and dedicated research to amass nearly 30 million attack data points, growing by over 100,000 entries every day. 

Lakera Guard focuses on securing Q&A use cases, protecting against prompt injections, PII detection and masking, content moderation, and hallucinations. It empowers developers to add a security layer to AI applications in production with a single line of code.

Funding Details

Company: Lakera AI, Inc.

Raised: $10.0M

Round: Unknown

Funding Month: October 2023

Lead Investors: Redalpine

Additional Investors: Fly Ventures, Inovia Capital, co-founders of Snyk, and key executives from Palo Alto Networks, Datadog, and Hybris.

Company Website: https://www.lakera.ai/ 

Software Category: AI Security

Source: https://siliconcanals.com/news/startups/swiss-lakera-ai-bags-9-4m/