Lakera secures $20m Series A funding to enhance GenAI application security

Lakera secures $20m Series A funding to enhance GenAI application security

Lakera, a trailblazer in real-time GenAI application security, has successfully raised $20 million in a Series A funding round.

This significant investment was led by Atomico, accompanied by contributions from Citi Ventures, Dropbox, and prior backers including redalpine. The closing of this round comes just a few months after Lakera closed its seed round.

Lakera stands at the forefront of addressing the intricate security challenges that companies encounter with LLMs and Generative AI technologies. Their advanced solutions are pivotal for corporations, including high-profile clients like Dropbox, to protect against emerging vulnerabilities.

The investment will drive Lakera’s mission to secure GenAI applications, which are rapidly becoming ubiquitous in corporate environments. It’s projected that in less than two years 80% of enterprises will have deployed these applications, which are vulnerable to unique risks such as prompt and data poisoning attacks. These security threats, if unaddressed, could lead to data theft or other malicious activities triggered by manipulated AI models.

Lakera employs a cutting-edge, AI-driven approach to stay ahead of these threats. Unlike traditional security measures that rely on static rules and structured network data, Lakera’s AI dynamically adapts to secure GenAI applications effectively. This ensures that enterprises can safely leverage the potential of conversational AI and other advanced AI technologies without compromising security.

Further enhancing its offerings, Lakera provides an ultra-low latency API, ensuring that security measures do not hinder user experience. Adding to its innovative edge, Lakera has also developed Gandalf, dubbed the world’s largest AI red team. This AI-driven educational game, utilized by corporations like Microsoft for security training, generates a wealth of threat data, enhancing Lakera’s research and development efforts.

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