Apex, an AI security company, has announced its emergence from stealth mode, having successfully raised $7 million in seed funding. The investment round was co-led by Sequoia Capital and Index Ventures, with additional contributions from various high-profile angel investors. This financial milestone aligns with the substantial growth in the application of Generative AI, such as ChatGPT, across various industries. While almost 80% of Fortune 500 companies have incorporated Generative AI into their operations, significant challenges related to data security and privacy persist. Apex aims to address these challenges by enabling secure Generative AI adoption through its comprehensive security platform. Co-founded by Matan Derman, who serves as CEO, and Tomer Avni, CPO – both distinguished alumni of the military intelligence unit 8200 and holders of master’s degrees from prestigious universities – Apex equips organizations with tools to monitor and enforce AI usage policies effectively. The platform is designed to detect security policy violations, respond to AI threats, and add a crucial protection layer to AI models and applications, thus fostering a secure environment for innovation. With Fortune 500 companies already among its clientele, Apex plans to utilize the funding to enhance product development, expand its team, and reinforce its market position. Notable statements from investors at Sequoia Capital and Index Ventures highlight the importance of novel security solutions like Apex’s in an era where new technologies rapidly evolve and introduce unprecedented levels of risk.

Cybersecurity, Artificial Intelligence,Israel, United States