Prompto Security has raised $18 million amid a blizzard of cybersecurity funding. Founded in 2023, Prompt Security helps enterprises close security gaps related to the use of AI. Founder Itamar Golan said Prompto Security will end this year with annual revenue of $1 million.
Itamar Golan has always been fascinated by the intersection of cybersecurity and AI. While in the Israel Defense Forces, he became interested in how AI can be used to build better security systems. He then focused on building security software at Checkpoint and Orka Security. His latest venture, Prompt Security, helps companies manage cybersecurity risks associated with generative AI tools such as OpenAI’s ChatGPT and Google’s Gemini.
Founded in 2023, Prompt has raised $18 million in new funding, Business Insider exclusively reported. The round was led by Jump Capital, with participation from Hetz Ventures, Ridge Ventures, and technology companies Okta and F5. The startup previously raised $6 million in seed funding.
According to Gartner research, nearly 30% of companies implementing AI will experience an AI security breach in 2023. “AI is the biggest attack surface we’ve seen since the cloud,” Golan said.
Golan explains that when employees use generative AI tools like chatbots, new threats emerge, including those related to data and intellectual property. Prompt Security’s software shows every interaction between a company’s employees and generative AI tools like ChatGPT.
Since coming out of stealth in January of this year, Prompt Security’s customer base includes many Fortune 500 companies. Customers using the startup’s software include The New York Times and New Relic. Golan said the company is on track to end this year with annual revenue of $1 million.
Competitors include cybersecurity giants like Palo Alto Networks and CrowdStrike, but Golan says their products aren’t built specifically for AI.
“If you believe in the growth and expansion of LLM, security should grow as an essential part of that,” Golan said. “Respectable companies should be aware of the security risks of AI, and the market is ready.”
