
{"id":8820,"date":"2023-06-29T09:39:54","date_gmt":"2023-06-29T09:39:54","guid":{"rendered":"https:\/\/fintech.global\/AIFinTechForum\/?p=8820"},"modified":"2023-07-03T09:42:17","modified_gmt":"2023-07-03T09:42:17","slug":"tibo-obtains-pre-a-funding-to-combat-ai-data-leak-issues","status":"publish","type":"post","link":"https:\/\/fintech.global\/AIFinTechForum\/tibo-obtains-pre-a-funding-to-combat-ai-data-leak-issues\/","title":{"rendered":"Tibo obtains Pre-A funding to combat AI data leak issues"},"content":{"rendered":"<p><strong><a href=\"http:\/\/www.tibo.ai\/\">Tibo<\/a>, an innovative cybersecurity startup aiming to prevent data leaks when corporates use artificial intelligence (AI), has completed a successful Pre-A funding round.<\/strong><\/p>\n<p>The latest funding round was led by Oak Seed Ventures, signalling strong investor confidence in Tibo\u2019s mission to safeguard sensitive corporate information in the AI era.<\/p>\n<p>Tibo develops tools that allow companies to protect their data while still enabling employees to utilise AI tools at work. The rising prevalence of AI and Large Language Models (LLMs), such as OpenAI\u2019s ChatGPT, poses a potential risk of corporate data leakage. Tibo addresses this risk without resorting to the all-or-nothing approach of banning all AI tools, a move which can significantly hamper productivity.<\/p>\n<p>The funds raised will be used to aggressively roll out its solution to customers and further develop its technology. Tibo\u2019s solution tackles the \u2018shadow IT\u2019 problem by preventing leakage at the user end-point, without compromising user experience.<\/p>\n<p>Tibo\u2019s WASM-based browser extension can detect sensitive content in user entries and automatically redact or replace it with synthetic data. This process prevents leakage of confidential information whilst maintaining user experience and the accuracy of the prompts. Tibo also provides detailed audit logs on all data shared with AI tools. This visibility offers full transparency to CISOs on who is sharing what data, with whom, and under what terms of service.<\/p>\n<p>Tibo CEO, Peng Zhao, said, \u201cWe don\u2019t want to be just a secure proxy to ChatGPT or another service. Tibo is the watchful guardian to any app. You may use whatever tool you want, in whatever way you like. Tibo will be the silent protector to make sure no sensitive data leaked.\u201d Furthermore, Oak Seed Ventures partner, Chee We Ng, expressed his excitement in partnering with Tibo as they continue to develop innovative solutions for data security in the AI industry.<\/p>\n<p>This recent investment is a significant milestone for Tibo as they continue to establish themselves as a leader in the AI security market. With the backing of its investors, the company is poised to drive innovation and improve data security for companies using AI.<\/p>\n<p>Keep up with all the latest FinTech news\u00a0<a href=\"https:\/\/fintech.global\/category\/fintech-news\/\" target=\"_new\" rel=\"noopener\">here<\/a><\/p>\n<p>Copyright \u00a9 2023 FinTech Global<\/p>\n<div id=\"cp_popup_id_52219\" class=\"cp-popup-container cp-popup-live-wrap cp_style_52219 cp-module-before_after cpro-open \" data-style=\"cp_style_52219\" data-module-type=\"before_after\" data-class-id=\"52219\" data-styleslug=\"newsletter-subscription-beforeafter\">\n<div class=\"cp-popup-wrapper cp-manual cp-popup-inline \">\n<div class=\"cp-popup cpro-animate-container \">\n<form class=\"cpro-form\" method=\"post\">\n<div class=\"cp-popup-content cpro-active-step cp-before_after cp-middle cp-panel-1\" data-overlay-click=\"1\" data-title=\"Newsletter Subscription \u2013 Before\/After\" data-module-type=\"before_after\" data-step=\"1\" data-width=\"690\" data-mobile-width=\"360\" data-height=\"200\" data-mobile-height=\"200\" data-mobile-break-pt=\"767\" data-popup-position=\"middle\" data-mobile-responsive=\"yes\">\n<div class=\"cpro-form-container\">\n<div id=\"cp_heading-2-52219\" class=\"cp-field-html-data cp-none cp_has_editor cp-animated\" data-type=\"cp_heading\">\n<div class=\"cp-rotate-wrap\">\n<div class=\"cp-target cp-field-element cp-heading tinymce\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/form>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tibo, an innovative cybersecurity startup aiming to prevent data leaks when corporates use artificial intelligence (AI), has completed a successful Pre-A funding round. The latest funding round was led by Oak Seed Ventures, signalling strong investor confidence in Tibo\u2019s mission to safeguard sensitive corporate information in the AI era. Tibo develops tools that allow companies&#8230; <\/p>\n<div class=\"clear\"><\/div>\n<p><a href=\"https:\/\/fintech.global\/AIFinTechForum\/tibo-obtains-pre-a-funding-to-combat-ai-data-leak-issues\/\" class=\"gdlr-info-font excerpt-read-more\">Read More<\/a><\/p>\n","protected":false},"author":8,"featured_media":8822,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tibo obtains Pre-A funding to combat AI data leak issues - AI in Financial Services Forum<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fintech.global\/AIFinTechForum\/tibo-obtains-pre-a-funding-to-combat-ai-data-leak-issues\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tibo obtains Pre-A funding to combat AI data leak issues - AI in Financial Services Forum\" \/>\n<meta property=\"og:description\" content=\"Tibo, an innovative cybersecurity startup aiming to prevent data leaks when corporates use artificial intelligence (AI), has completed a successful Pre-A funding round. The latest funding round was led by Oak Seed Ventures, signalling strong investor confidence in Tibo\u2019s mission to safeguard sensitive corporate information in the AI era. Tibo develops tools that allow companies... 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The latest funding round was led by Oak Seed Ventures, signalling strong investor confidence in Tibo\u2019s mission to safeguard sensitive corporate information in the AI era. Tibo develops tools that allow companies... 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