Aim security has raised $18 Million. The company helps enterprises adopt artificial intelligence safely.
According to a press announcement on Monday (17th June), the Israeli company claimed that it was “one of the fastest Series A rounds in cyber history.” Aim’s funding total now stands at $28 million.
In a recent news release, the company stated that “AI applications have quickly integrated into enterprise business workflows, technology stacks, and AI productivity tools such as Microsoft 365, GitHub, Copilot and others.”
Aim said that as companies embrace artificial intelligence, they are faced with a constant scramble to address the data privacy and security issues that it brings.
The company stated that “the result is either blocking it completely, negatively affecting the business and efficiency goals or placing the organisation at risk.”
Aim claims that its platform governs, secures, and controls all forms of AI in the business world. It is specifically designed to address unique threats such as sensitive data leakage, supply chain vulnerabilities, and emerging threats such as jailbreaks and rapid injection.
The company claims that its platform is used in “highly-regulated industries” such as banking and defense, healthcare, insurance, and manufacturing.
Aim’s new financing comes at a moment when, as PYMNTS recently wrote, “businesses in security-critical industries are reminded that security is important on a weekly schedule.”
In the week before that report was released, a “significant amount of data” had been stolen from at least 161 customers of the multi-cloud data warehouse platform Snowflake. The incident is believed to be linked to earlier massive breaches of Ticketmaster, and Santander Bank.
The City of Cleveland was also attacked by cybercriminals the day before Snowflake, which forced it to shut down all its IT systems, including those that were aimed at citizens. Six days earlier, a ransomware-attack on lab services provider Synnovis had disrupted the operations of a group London hospitals.
The Snowflake attack, as noted in the report, may have been a result of poor security measures. This is a reminder to companies that they need to ensure that their walls are protected.
“The No. Rosa Ramos Kwok, managing Director and Business Information Security Officer for Commercial Banking at J.P. Morgan, told PYMNTS that she would begin with good cyber hygiene. Morgan, told PYMNTS that companies can sometimes fall back on patching legacy systems. This leaves aged software with all sorts of vulnerabilities because businesses have “other priorities or it was too costly.”