HiddenLayer, an AI security company based in Austin, Texas, has raised $50 million in a Series A funding round led by M12, Microsoft’s Venture Fund, and Moore Strategic Ventures. The round also saw participation from Booz Allen Ventures, IBM Ventures, Capital One Ventures, and Ten Eleven Ventures.
The company, which was founded in March of 2022 and is recognized by Gartner as an AI Application Security provider, offers a comprehensive security platform for enterprises to safeguard their machine learning models and assets. HiddenLayer’s MLSec Platform provides turnkey AI security that does not require access to raw data and algorithms and does not add complexity to models.
HiddenLayer plans to use the new funding to expand its talent base, increase its go-to-market efforts, and invest in its platform. The company also aims to tap into the growing demand for AI security solutions as more businesses adopt machine learning for their products and services.
M12 and Moore Strategic Ventures are both venture capital firms that invest in companies operating in various sectors, including cloud infrastructure, artificial intelligence, cybersecurity, developer tools, vertical SaaS, web3, gaming, electronics, advanced materials, energy, cleantech, information technology, transportation, and distribution.
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