AI Security Startup HiddenLayer Raises $100 Million Led by Delta-v Capital
As enterprises rapidly increase spending to protect AI tools, security startup HiddenLayer has secured a major investment in its Series B funding round.
AI security startup HiddenLayer has completed a $100 million Series B funding round led by Delta-v Capital amid a rush by companies to secure their artificial intelligence deployments.
Details and Participants of the Investment Round
Austin-based AI security startup HiddenLayer has raised a total of $100 million in a Series B financing round led by Delta-v Capital.
Investor Backers and Future Plans
Prominent names such as Ten Eleven Ventures, Morgan Stanley, Microsoft's M12 fund, and Booz Allen Hamilton participated in the financing round.
Major Surge in Annual Recurring Revenue
Co-founder and CEO Chris Sestito announced that the company's annual recurring revenue experienced more than tenfold growth over the past year.
Sector Demand and Market Growth
According to Gartner data, corporate spending on protecting artificial intelligence tools has seen a significant increase this year, reaching a multi-billion-dollar market.
Expansion and Product Development Focuses
The newly secured funding will be used to expand the company's sales, engineering, research, and operations in Europe and the EMEA region.