As generative AI adoption grows, so do concerns over its potential security vulnerabilities, prompting cybersecurity startup SydeLabs to secure $2.5 million in seed funding. The investment, led by RTP Global and Picus Capital, with contributions from notable angel investors, aims to bolster the development of solutions designed to identify and prevent security and safety vulnerabilities in enterprise AI systems. This initiative seeks to mitigate cybersecurity attacks and abuse, ensuring AI applications remain safe and secure.
Founded by cybersecurity expert Ruchir Patwa and product leader Ankita Kumari, SydeLabs is at the forefront of addressing the unique challenges posed by generative AI. Patwa, with his extensive experience at companies like Google and Mobile Premier League, alongside Kumari, whose expertise spans fraud and risk management at McKinsey & Company, Mobile Premier League, and CRED, brings a wealth of knowledge to the venture. Their collective vision is to make AI applications resistant to abuse, focusing on the intent of attackers rather than relying on traditional pattern-matching approaches.
Kumari highlighted the dual nature of risk mitigation measures, often viewed as cost sinks, yet crucial for business growth and profitability. The increasing cybersecurity attack surface, exacerbated by the integration of human-like elements in AI systems, alongside compliance and reputational risks, underscores the urgency of SydeLabs' mission. Market research conducted with CISOs globally has revealed a growing recognition of these vulnerabilities as enterprises increasingly adopt generative AI for diverse business applications.
SydeLabs is committed to building a comprehensive platform for the risk management of generative AI systems throughout the entire development lifecycle. This approach not only promises to enhance enterprise productivity but also aims to preempt the costs associated with overlooking security and compliance threats. By providing enterprises with the confidence to deploy generative AI applications without fear of security and safety blindspots, SydeLabs is paving the way for a safer AI-driven future. For more information, visit https://www.sydelabs.com.
