Protecto, a San Jose, CA-based data privacy solution provider aiming to enhance the safety of AI, has secured $4 million in seed funding, bringing its total raised to $5 million.
SaaS Investors
The funding round was led by Together Fund, with participation from other investors, including Better Capital, FortyTwo VC, Arali Ventures, and Speciale Invest.
Together Fund is a VC fund that supports ambitious and purpose-driven teams with capital, community, and operating help. They typically invest up to $5M in SaaS and AI startups. Founded in 2021, and is based in Bangalore, India.
Protecto Use of Funds
The newly acquired venture capital will be used to strengthen Protecto's technological capabilities. This includes hiring top engineering talent and expanding their strategic go-to-market initiatives.
About Protecto
Founded in 2021 and based in Silicon Valley, Protecto protects enterprise data across the GenAI project lifecycle, from synthetic data generation for model development to protecting sensitive data while users interact with large language models (LLMs). With a core belief in privacy as a fundamental human right, Protecto is committed to driving technological innovation by enhancing the safety of AI systems. Initial customers include Brookfield Renewables, Nokia and a wide range of enterprise organizations across industries, including financial services, healthcare and technology. Protecto operates from its headquarters in San Jose, CA, and an advanced development center in the tech hub of Bengaluru, India.
Funding Details
Company: Protecto, Inc.
Raised: $4.0M
Round: Seed Round
Funding Month: November 2023
Lead Investors: Together Fund
Additional Investors: Better Capital, FortyTwo VC, Arali Ventures, and Speciale Invest
Company Website: https://www.protecto.ai/
Software Category: Data Security Software
Source: https://www.businesswire.com/news/home/20231108360473/en