TrojAI, a leading provider of enterprise artificial intelligence (AI) security solutions, has announced a successful seed funding round, securing $5.75 million in additional capital. Alongside this funding, the company has appointed Lee Weiner as its new CEO.
About TrojAI
TrojAI offers an all-in-one AI security platform to protect Artificial Intelligence/Machine Learning (AI/ML) applications and systems. The top-notch platform helps businesses defend their applications from real-time threats using TrojAI’s firewall which effectively blocks threats including prompt injection, data poisoning, denial of service attacks, and continually adds new detections, as threats evolve. It provides penetration testing models and advice on fixing vulnerabilities before deployment to reduce risks. Built by data scientists and cybersecurity experts, TrojAI meets the needs of large enterprises, offering scalability, top performance, and flexibility.
Funding Details
Investors: The funding round was led by existing investor Flying Fish, with participation from current investors including Build Ventures and Techstars. Additionally, new investors Alteryx Ventures and Flybridge Capital Partners joined the round.
Purpose: The additional capital will enable TrojAI to build on its success, expand its operations, and continue to empower enterprises in securing AI models and applications.
Global Expansion: To meet growing global demand, TrojAI will establish a new office in Boston, Massachusetts.
About Lee Weiner
Lee Weiner, the newly appointed CEO, brings over 25 years of B2B software experience to TrojAI. Before joining TrojAI, Weiner was a senior executive at Rapid7 for 11 years, leading products, engineering, innovation and scaling the company’s revenue from $40 million to over $750 million. Earlier, he held senior roles with Symantec, Netegrity, and LogMeIn. Weiner’s expertise and extensive background in the cybersecurity sector will be instrumental in driving continued growth and enterprise adoption of TrojAI.
“Stephen Goddard and I founded TrojAI to address a critical need for security around AI deployments,” said James Stewart, CTO and Co-Founder of TrojAI. “As we enter a new growth phase, it’s the right time to add a seasoned leader to our executive team who has experience with rapidly scaling businesses. Lee’s background and expertise will be instrumental as we continue our mission of securely enabling AI for the enterprise. We could not have found a better fit than Lee.” “As the threat landscape is constantly escalating and evolving, securely integrating AI is critical. This investment allows TrojAI to build on its strong foundation to help customers accelerate digital transformation.” “I am thrilled to join the TrojAI team at this exciting time. AI and cybersecurity are top priorities for enterprises,” said Weiner.
TrojAI’s Focus
TrojAI’s Mission
As AI transforms the enterprise landscape, it introduces limitless new use cases that enhance productivity and customer value. However, it also presents increased risks and threats that must be managed. TrojAI addresses this critical need by providing a comprehensive AI security platform for businesses. It assesses the risks of AI models before deployment and protects AI applications once they are in production.
TrojAI’s new funding will further support the expansion of its business and its AI/Machine Learning (ML) solutions. The company is poised to play a crucial role in securely enabling AI for the enterprise.
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