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Home News

AI Security Startup Apex Raises Funds

May 2, 2024
Reading Time: 2 mins read
in News
AI Security Startup Apex Raises Funds

Israeli cybersecurity startup Apex, specializing in safeguarding the rapid integration of artificial intelligence (AI) tools, announced a significant investment from OpenAI CEO Sam Altman. The undisclosed investment was part of a $7 million seed funding round led by Sequoia Capital and Index Ventures, signaling confidence in Apex’s mission to enhance AI security.

Apex has been conducting trials with several Fortune 500 companies and investment firms and is nearing finalization of paid contracts. With the surge in demand for AI tools like OpenAI’s ChatGPT, users are increasingly concerned about data protection and the prevention of potential threats. Apex’s CEO, Matan Derman, emphasized the emerging risks associated with AI models, highlighting the need for enhanced security measures.

Derman underscored the pivotal moment for the cybersecurity industry, transitioning from a focus on prevention to addressing threats stemming from AI usage. Founded by Derman and Tomer Avni, both veterans of Israel’s elite 8200 intelligence unit, Apex is committed to bolstering security layers necessary for enterprises to embrace AI fully. As AI permeates various sectors, the urgency for robust security solutions becomes more apparent, reflecting a paradigm shift akin to previous technological revolutions.

Reference:
  • Israeli Start-up Apex Secures Investment for AI Protection
Tags: ApexCyber NewsCyber News 2024Cyber threatsIsraelMay 2024OpenAI
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