AI Security and Risk Management start-up SydeLabs announced its seed funding round of $2.5 million to build solutions aimed at securing GenAI systems for enterprises. The funding round was led by RTP Global and saw participation from Picus Capital and marquee angel investors.
The adoption of generative AI has opened a new cybersecurity attack surface for those leveraging the technology. SydeLabs’ comprehensive AI security and risk management solutions address this emerging concern, according to a company statement. The company offers solutions to identify security and safety vulnerabilities in enterprise AI systems and prevent them in real time, helping mitigate cybersecurity attacks and abuse.
Ankita Kumari, co-founder at SydeLabs, said, “While we were working on solving security and fraud-led business problems, we saw how business growth and profitability were fuelled by the adoption of risk mitigation measures, despite these measures usually being seen as cost sinks. Since then, we knew we wanted to build solutions in the vulnerability and risk management space to address these growing concerns.”
Kumari added, “The adoption of generative AI in enterprise organisations has seen the cybersecurity attack surface increase substantially. From a security point of view, companies are now bringing a human-like element into systems that were previously not susceptible to social engineering and manipulation.”
Ruchir Patwa, co-founder and CEO at SydeLabs, said, “We are building a comprehensive platform for risk management of generative AI systems across the entire development lifecycle. This can give a huge productivity boost to enterprises and prevent costs associated with inaction around security and compliance threats.”
