Operant AI, an emerging player in the FinTech sector based in San Francisco, has successfully raised $10m in venture capital.
According to Security Week, the Series A funding round saw contributions from SineWave Ventures, Felicis, Alumni Ventures, Massive, Calm Ventures, and Gaingels. Since its public inception in April 2023, Operant AI’s total capital stands at $13.5m.
Operant AI is spearheaded by veteran software engineers Vrajesh Bhavsar and Priyanka Tembey. The company’s core offering is a runtime application platform designed to shield every layer of live applications from malicious attackers. This platform represents a shift away from traditional security measures that only scrutinize code prior to deployment.
The need for dynamic protection tools is growing, as these provide real-time visibility and defense across various layers of cloud applications, including APIs, services, and AI components. Operant AI’s innovative solution is engineered to block over 80% of prevalent runtime attacks, including those identified in the OWASP Top 10, with minimal changes required to existing code structures.
Alongside the funding announcement, Patricia Muoio, a partner at SineWave Ventures with a storied background in NSA/DoD operations, alongside Nancy Wang, a Venture Partner at Felicis with prior experience as AWS Data Protection Director, will take seats on Operant AI’s Board of Directors. Their extensive backgrounds are expected to provide valuable insights into the company’s strategic direction.
Patricia Muoio elaborated on the impact of Operant AI’s technology: “Real runtime protection is the future. These innovations completely change what security teams can expect from a runtime protection platform [and] brings a level of security to modern app development that is urgent and extremely valuable.”
The fresh influx of capital will be allocated towards expanding the company’s workforce and enhancing its product offerings, aiming to solidify its stance in the burgeoning market for cloud application security.
Previously, Operant AI has garnered a total of $13.5m in investment since its establishment, marking this funding round as a significant milestone in its journey.
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