Tel Aviv-based cybersecurity startup Aim Security has successfully raised $10 million in seed funding to bolster its mission of providing robust security solutions for the growing adoption of Generative AI (GenAI) in enterprises. The funding round, spearheaded by YL Ventures and featuring participation from CCL (Cyber Club London), WIZ’s founders, and angel investors from Google, Proofpoint, and Palo Alto Networks, marks a significant milestone for the company.

Co-founded by Matan Getz (CEO) and Adir Gruss (CTO), Aim Security aims to empower enterprises to embrace GenAI technology without compromising on security. The GenAI revolution demands a novel approach to address its unique vulnerabilities and vectors, akin to the shifts witnessed during the cloud revolution, as stated by Matan Getz. The funding injection will be pivotal in expanding Aim Security’s operations and development efforts.

GenAI, currently a present force in technology, has prompted widespread adoption across various business functions, according to McKinsey & Company’s report on “The State of AI in 2023.” However, cybersecurity risks associated with GenAI adoption remain a significant concern, with 53% of respondents in the report highlighting these risks as the most acute.

Aim Security’s comprehensive GenAI Protection Suite offers a one-stop solution for enterprises, ensuring security across diverse GenAI applications such as public GenAI tools, third-party apps, copilots, and AI-led development activities. The platform provides security teams with unprecedented oversight, visibility, and control, mitigating the risks associated with the unique attack vectors posed by GenAI.

Drew Robertson, CISO at Finance of America, emphasized the challenges posed by GenAI adoption in the finance industry, stating, “Aim secures the entire breadth of our GenAI use, no matter where it is applied, and helps us place and enforce the guardrails that fit our industry regulations and unique needs.”

Aim Security’s founders, Matan Getz, and Adir Gruss, bring cybersecurity expertise from their time in the IDF’s elite intelligence Unit 8200, positioning Aim Security as a leader in guiding enterprises through the crucial process of integrating GenAI securely. The company’s innovative approach has already garnered a strong customer base, showcasing its ability to address emerging GenAI security threats while providing valuable business insights.

Ofer Schreiber, Senior Partner at YL Ventures, praised Aim Security’s visionary approach, stating, “Matan and Adir are true visionaries whose innovative approach is crucial when breaking into a constantly evolving new sector.”

In addition to ensuring security, Aim Security goes beyond that by providing organizations with critical insights into leveraging GenAI to drive business goals. Elie AbenMoha, CISO at a Global 1000 media company, highlighted Aim’s crucial role in shaping their GenAI strategy and deployment architecture.

“Aim gives us complete visibility of employee GenAI usage with proactive guardrails and preventive controls, elevating the MIO Information Security team as a business enabler,” adds Israel Bryski, CISO at MIO Partners, Inc.

As Aim Security continues to navigate the GenAI wilderness, its focus on security, innovation, and business-forward solutions positions it as a key player in securing the future of GenAI adoption in enterprises.