Tony Skurr’s Post

The intersection of generative #AI and #cybersecurity has created an important new #startup sector. ▪ 163% Growth in US VC investment in AI between 2018 and 2023 While companies remain eager to adopt solutions produced by new GenAI startups, cybersecurity concerns could slow their pace.   ▪ 29% Increase in cash runway for AI companies between 2021 and 2023 In contrast to other sectors, a favorable investment environment has increased runway among AI companies.   ▪ 74% Of CISOs have already changed their cybersecurity stack Most CISOs have adjusted their approach to cybersecurity in the 18 months since ChatGPT’s release. Read Silicon Valley Bank’s inaugural CyberAI report for a full update on how CISOs are protecting their organizations from emerging AI threats. https://lnkd.in/gBzzRVha

Major tech trend is intertwined with security concerns. Recent attention on cybersecurity, particularly involving Wiz and CrowdStrike, underscores this connection. These cases are likely to amplify interest and investment in the cybersecurity sector: ·      Wiz demonstrated the financial stakes and confidence in long-term industry growth by rejecting a $23 billion acquisition offer ·      The CrowdStrike incident will likely open doors for startups to introduce new solutions Amid these industry titans, I’d like to spotlight Lakera. Positioned as essential in the GenAI security landscape, Lakera offers a real-time security platform that mitigates prompt attacks, prevents data loss, and blocks inappropriate content without frustrating users. A year ago, I engaged with their viral Gandalf game (https://lnkd.in/gBsUsf-i), which drew over 1 million players—a creative demonstration of their capabilities. Lakera has secured $20M to protect generative AI applications from malicious threats, reinforcing the critical need for advanced cybersecurity as AI becomes increasingly integrated into business processes. As interest continues to grow, would this surge in enthusiasm from both investors and buyers, eager to explore new tools in cybersecurity, lead to a significant boost in the sector's revenue? This heightened engagement is expected to substantially impact financial gains within the cybersecurity industry. #Cybersecurity #Innovation #AI #TechLeadership

## The future of cybersecurity? It's looking pretty intelligent 🧠🤖 A new report predicts stunning growth in the cybersecurity market, driven in part by the increasing integration of #ArtificialIntelligence. Companies like IBM and AWS are leading the charge, developing AI-powered solutions for threat detection and response. Exciting times for the industry! What AI-driven cybersecurity innovations are you most excited about? 🤔 🔗 Read more: [https://lnkd.in/e9b4rbYb) #cybersecurity #AI #tech #innovation #entrepreneurship #investment

🔒💰 Breaking news in the cybersecurity world! 💰🔒 #ainews #automatorsolutions 🚀 MIND, the superhero of Data Loss Prevention (DLP), just burst out of stealth mode armed with an $11 million funding boost! 💸💥 🔍 Need a sidekick to protect your sensitive data? Look no further than MIND and their cutting-edge DLP solution. Here's why this news is making waves in the tech world: 🌟 $11M seed funding - these guys are serious about guarding your data! 💪 🔒 Stealth mode? More like Super Stealth - but now that they're here, villains beware! 👀 🔑 Keeping your data safe just got a whole lot cooler with MIND on the scene. 😎 💬 What does this mean for the future of cybersecurity? Here are some spicy predictions from yours truly: 1. MIND's DLP solution will set a new gold standard in data protection. 🏆 2. More investors will flock to superhero cybersecurity startups, driving innovation in the industry. 💡 3. Cybercriminals better watch their backs - MIND is coming for you! 🦸♂️💥 🚨 Ready to level up your data protection game? MIND is here to save the day! 💥🔐 Link to the full story here: [Data Loss Prevention Startup MIND Emerges From Stealth With $11M in Funding](https://buff.ly/3C7Hd1C) Let's chat about this groundbreaking news in the comments! What are your thoughts on this latest cybersecurity superhero? 🦸♂️💬 #CyberSecurityAINews ----- Original Publish Date: 2024-10-30 08:00

🔒💻AI in Cybersecurity: A Game Changer💻🔒 Exciting news from the AI and cybersecurity front! AI data security startup, Cyera, has announced a significant $300 million raise in a Series C round, escalating its valuation to a staggering $1.4 billion! Cyera's primary goal is harnessing the power of AI to help organizations comprehend the location and movement of data within their networks. This is crucial for implementing the right measures to protect that data, whether it's to ward off cyberattacks or prevent inadvertent data leaks. The startup’s phenomenal growth is a testament to its traction, underscored by a diverse clientele that includes several multinational giants. This growth is a response not just to its current success but also to the enormous potential that AI brings to cybersecurity. In an age where data breaches and cyber threats are becoming increasingly common, AI offers an unprecedented advantage in safeguarding data. Cyera is taking the lead in posture management, using AI to handle the intricate process of data assessments, storage, and use. "If you think about it, AI security is where the biggest gap is today for enterprises. They just have no control over their data, and AI runs on data," said Cyera CEO Yotam Segev. It's clear that AI is the future of cybersecurity, and companies like Cyera are leading the charge. So here's a question for you - How is your organization leveraging AI to enhance your cybersecurity posture? DM me to share your Tips & Tricks! #AI #CyberSecurity #DataProtection #TechNews #Cyera

That's a wrap from Les Assises de Monaco ✅ We had an incredible time connecting with industry leaders and discussing the future of cybersecurity. Here are our 3 key takeaways: 1️⃣ AI awareness: While companies have long recognized AI’s role in cyberattacks, they’re now eager to leverage it for defense, improving SOC productivity and response times. 2️⃣ Streamlining solutions: Established SOCs are focusing on optimizing their tools for greater efficiency, while newer teams are being careful to build sustainable and scalable stacks. 3️⃣ Startups' role: While decision-making in cybersecurity can take time, the industry places high value on innovation, with large enterprises actively seeking out and engaging with startups. Next up, catch Ahmed's speech at the Rhodes Trust Forum on Technology & Society 2024 on November 2nd, where he’ll be diving into the intersection of cybersecurity, AI, and societal impact. Stay tuned! ⚡ #Cybersecurity #LesAssises #RhodesForum2024

#Kindo Secures $20.6M for AI Management! #AIFunding 💡 Exciting developments in enterprise AI! Kindo, a platform focused on securing AI management across enterprises, has raised $20.6 million in new funding. This round was led by Drive Capital with participation from several existing investors, bringing Kindo's total funding to $27.6 million. #DriveCapital #AIManagement 🔐 What Does Kindo Offer? Kindo provides a centralized platform for managing and securing various AI models, including those from Google, Meta, and OpenAI. Their solution simplifies the integration and security of AI systems, reducing vulnerabilities and ensuring compliance with regulations like HIPAA and PCI-DSS. #HIPAA #PCI 📈 Acquisition Alert: Kindo also acquired the open-source security project WhiteRabbitNeo, enhancing their capabilities in cybersecurity. This project specializes in offensive cybersecurity, providing guidance and training for dealing with cyber threats. #WhiteRabbitNeo #CyberSecurity 🤔 How do you think centralized AI management will impact enterprise security? #Kindo #AIFunding #EnterpriseAI #TechNews #SaaSverse

How hard will it be for you and I to walk away from US$23,000,000,000? For Israeli cybersecurity startup Wiz, it's a walk in the park... as Wiz CEO Assaf Rappaport is targeting company annual revenues of about 1 billion and an IPO. Wiz offers cybersecurity for cloud enterprise segment and from the recent (still ongoing) global Crowdstrike outage, it seems possible that Assaf might just be betting on the right move. There are now significant market opportunities for the following: - cloud & hybrid AI-enabled cybersecurity solutions - embedded solutions that can seamlessly integrate edge or front-end first-line-of-defence for Enterprise networks 🎓 for #ai systems to get initial training data and dynamic inference engines is critical, given the fast moving or sometimes impossible to predict cyber threats. in this instance, it is no longer a matter of simply scraping for data from the web as in the generative or LLM sub-segment for #artificialintelligence 🎓 can specific LLMs be tuned to detect phishing attempts to users within a targeted cloud system? this, is another opportunity for the AI community to consider 🎓 what seems clear is the need to decentralize cybersecurity at least from the perspective of Enterprise and mission-critical users, where the pitfalls of over-reliance on a single closed end vendor can mean highly disruptive (and very expensive) episodes that can translate into misplaced trust and reputation for its ultimate customers (think airline fare paying folks etc). #management https://lnkd.in/ej66aDzx

Israeli Solution That Ensures Security of AI Copilot Raises $38 Million ZENITY, an Israeli startup which specializes in AI-based cybersecurity, raised $38 million in a Series B funding round led by Daniel Loeb's Third Point Ventures and DTCP. In total, Zenity raised $55 million. The new funding will accelerate development of the Zenity' product, and support Zenity’s expansion in North America. Zenity’s product protects AI copilots from cyber threats, as with the increased use of AI copilot by business users, attackers can exploit these applications by injecting malicious commands, poisoning data, and embedding hidden instructions into AI systems. The product is potentially interesting for financial organizations, pharmaceutical companies, and healthcare systems. Ben Kliger, CEO, and Michael Bargury, CTO, founded Zenity in 2021. It now employs 52 people, 32 of whom are in Israel. Source: https://lnkd.in/d7Mskk4j