HiddenLayer, an Austin, TX-based developer of a security platform that safeguards the machine learning models enterprise organizations use behind their most important products, raised $6 million in Seed funding.
Ten Eleven Ventures led the seed round with a $4.75 million investment. Secure Octane also participated.
The company intends to use the funds to accelerate growth and expand operations.
Company: HiddenLayer, Inc.
Raised: $6.0M
Round: Seed Round
Funding Month: July 2022
Lead Investors: Ten Eleven Ventures
Additional Investors: Secure Octane
Company Website: https://hiddenlayer.com/
Software Category: Security platform
About the Company: Founded in March of 2022 by experienced security and ML professionals, HiddenLayer is based in Austin, Texas, and is backed by cybersecurity investment specialist firm Ten Eleven Ventures. HiddenLayer helps enterprises safeguard the machine learning models behind their most important products with a comprehensive security platform. Only HiddenLayer offers turnkey AI/ML security that does not add unnecessary complexity to models and does not require access to raw data and algorithms. HiddenLayer’s MLDR solution uses a patent-pending ML-based approach to analyze billions of model interactions per minute to identify malicious activity without any access to or prior knowledge of the user’s ML model(s) or sensitive training data. It detects and responds to attacks against ML models to protect intellectual property and trade secrets from theft or tampering and ensure users are not exposed to attacks.
Source: https://www.finsmes.com/2022/07/hiddenlayer-raises-6m-in-seed-funding.html