aim securityya cybersecurity startup based in Tel Aviv, Israel, offers its GenAI security platform to enterprises. Raised $10 million in seed funding. In conjunction with this announcement, co-founder and CEO Matan Getz answered questions about himself, the company and products, funding, and future plans.
FinSMEs: Hello Matan, could you tell us a little more about yourself? What is your background?
Adeel and I honed our cybersecurity skills in the Israel Defense Forces, specifically in the elite intelligence unit 8200, which is known as a hotbed of Israeli cybersecurity innovation. I attended Talpiot, the military’s professional leadership training program, and served as a deputy CISO in the IDF. I built the military’s largest data science defense AI project. As his CIO at Unit 8200, I led his R&D department of 150 engineers, where I set the goal of driving the safe and secure adoption of AI and big data. This seemed to be a foreshadowing of my future career. In Adir, the award-winning security researcher turned security product leader has found the ultimate partner to innovate in the uncharted territory of GenAI security. Adeel was the commander of the IDF’s most elite cybersecurity course, where he mentored and educated generations of top security professionals. Adir is passionate about being the first to enter the emerging security space, and as CTO of Laminar, a data security startup recently acquired by Rubrik, he pioneered the DSPM market. He has long had a passion for inventing better ways to break security and rebuild it at scale. That’s exactly what we’re doing with his Aim.
FinSMEs: Let’s talk about Aim Security. What is the market problem you want to solve? What is the real opportunity?
GenAI is revolutionizing the way companies work. The reality of unstoppable adoption and use is one that security leaders must confront or businesses will be left behind. Companies had to choose between leveraging GenAI to increase growth and success, compromising security, or limiting GenAI usage and hindering productivity. At Aim, we have seized a unique opportunity to help security leaders become true business enablers. We secure all his GenAI use cases, enable organizations to connect their private data to his LLM, provide security teams with business insights into their GenAI usage, and support security and business production. He has built a comprehensive GenAI security platform that advances gender.
FinSME: What features differentiate this product from its competitors?
Aim Security is specifically tailored for GenAI and built to ensure comprehensive visibility, detection, enforcement, and protection against the unique risks introduced by GenAI. GenAI is still a technology in its infancy and is constantly evolving, challenging the market to keep up with its growth. While traditional security solutions have attempted to quickly adjust their products to address GenAI risks, these risks are unique and require specific mitigation strategies and capabilities that are completely lacking in existing security tools. is required. To take advantage of GenAI’s capabilities, companies typically connect internal data to LLM in a co-piloted manner, which introduces new data security risks and flattens existing authentication models. Aim is his GenAI security platform that is a one-stop shop for apps and products built in-house, third-party applications used by businesses, or apps used directly by employees. Aim enables businesses to use his GenAI to securely use private data. As companies adopt different types of his GenAI tools and the number of tools increases, Aim will scale with them.
FinSMEs: Just raised a new funding round. please tell me in detail.
Adeel and I are proud to be supported by industry leaders and visionaries. The $10 million seed round was led by YL Ventures, with funding from CCL (Cyber Club London), operator partner Assaf Rappaport, CEO of Wiz, Shmil Levy, founding partner of Sequoia Israel, and from Google, Proofpoint, and Palo Alto. Additional angel investors are participating. network. Our investors have given a vote of confidence in the new approach that Aim brings to addressing his GenAI risks. We’re proud to be backed by the people who led the cloud security revolution. Just like the cloud revolution, new verticals require new approaches. Their trust in our innovative thinking was critical when building Aim.
FinSMEs: What are the numbers and track record of your business?
Less than a year after its founding, Aim has already earned the trust of many customers across a variety of industries, including highly regulated sectors such as finance, healthcare, defense, and digital entertainment. included, demonstrating the dire need for GenAI security as this exciting revolution grows. . McKinsey & Company’s State of AI in 2023 report found that one-third of respondents regularly use GenAI in at least one business function, and 40% of respondents use it across their organizations. says it plans to increase investment in AI. The GenAI market is just beginning to show its potential for business growth and productivity, and the potential for new and unknown security risks is sure to grow with it.
“Working with the great team at Aim made our onboarding efficient and very enlightening. Aim ensures that no sensitive data is leaked to public GenAI tools. In addition to providing a secure alternative, it has turned our security team into a true business enabler. As a health technology company, our assets are sensitive and private in nature; We are required to leverage the most advanced technology to power our products. Thanks to Aim, we are confident in the level of security we provide and can deploy GenAI without worry. can be accelerated.” Sarah Hendrickson, Cerebral CISO
“Strict regulations in the financial industry and our concerns about customer data make adoption of GenAI difficult. Whether Aim is applied in public SaaS apps, enterprise chat, or in-house development, the entire spectrum of GenAI usage We love the fact that it protects our customers. Aim provides immense value to multiple stakeholders within an organization across security, business, and legal teams, providing a solution that meets industry regulations and unique needs. It helps install and enforce guardrails.” Drew Robertson, CISO, Finance of America
FinSMEs: What are your medium-term plans?
The incredible increase in co-pilot adoption by enterprises is one of our most serious use cases, demonstrating the growing need for security innovation in this space. Our plans are to accelerate our growth strategy and roadmap by increasing our research and development efforts, strengthening go-to-market initiatives, and solidifying GenAI’s position as an industry leader in security, while at the same time positioning the company for the next It’s about being able to concentrate on the stages.