IsraelAI Security Company Apex Announced completion of $7 million seed roundFinancingThis round of financing was jointly led by Sequoia Capital and Index Ventures, and participated by several angel investors, including OpenAI CEO Sam Altman.
Since the launch of ChatGPT in 2022, generative AI capabilities have greatly improved across industries around the world. However, the rapid adoption of AI technology has brought a series of security challenges to enterprises, such as data breaches or AI-driven cyber attacks.
Apex has built a security platform that provides organizations with comprehensive visibility into their AI activities. This enables them to define how AI is used within the company and enforce security policies accordingly. Its platform is able to detect violations of company or industry security standards and detect and respond to AI attacks, enabling companies to use AI technology to avoid data breaches, malicious data injections, privacy and legal violations, or cyberattacks.
“Apex was founded with the mission of empowering security and AI teams toWorld Class"We are excited to help organizations securely and rapidly adopt AI within their organizations. During our founding, we consulted with dozens of executives to understand their needs and discovered that they were reluctant to adopt advanced AI due to security concerns. Apex is positioned to change all that and play a key role in helping organizations protect AI models and applications and enabling them to securely harness the power of AI."
The company was founded in 2023 by Deman and Tom Avni, with the latter serving as chief product officer. The two met while serving in their military, serving as lieutenant colonel and captain respectively. Both hold master's degrees from Stanford and Harvard, and Apex already serves several Fortune 500 companies - 80% of which have employees already using ChatGPT at work.
“We are proud to be working with Matan and Tom, and we are excited to see Apex Security quickly become a leader in generative AI security,” said Bogomir Balkansky, partner at Sequoia Capital.Leaders.” Added Shardul Shah, partner at Index Ventures: “As companies start using AI and large language models, they expose themselves to new risks, including data breaches, privacy, intellectual property violations, or specialized AI attacks. Apex is focused on solving this specific dilemma.”