AI security and risk management startup SydeLabs has successfully secured $2.5 million in seed funding to develop solutions focused on safeguarding generative AI systems used by enterprises. The funding round, spearheaded by RTP Global and with contributions from Picus Capital and prominent angel investors, marks a significant milestone for the company.
The emergence of generative AI technology has introduced new cybersecurity vulnerabilities for organizations utilizing such systems. Co-founded by Ruchir Patwa and Ankita Kumari, SydeLabs offers cutting-edge solutions designed to detect security weaknesses and potential risks within enterprise AI platforms, thereby preventing cyber threats in real-time and enhancing overall cybersecurity measures.
Kumari highlighted the need for increased security measures as AI systems now possess human-like capabilities, rendering them susceptible to social engineering tactics and manipulation. By concentrating on understanding attackers’ motives rather than employing traditional pattern matching methods, SydeLabs aims to provide advanced cybersecurity solutions for generative AI systems.
Patwa, as the CEO, emphasized the company’s commitment to building a comprehensive risk management platform for generative AI systems throughout the development lifecycle, ultimately boosting productivity for enterprises. Galina Chifina, a Partner at RTP Global’s Asia Investment team, commended SydeLabs’ innovative approach to AI security, aligning with RTP Global’s ethos of championing forward-thinking technology applications.
With a focus on enhancing cybersecurity for enterprises leveraging generative AI, SydeLabs’ recent fundraising success underscores the growing importance of safeguarding advanced technology systems in today’s digital landscape.
