SAN FRANCISCO, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Operant AI, the world's only Runtime AI Application Protection Platform, announced today that it has raised $10 million in a Series A funding round co-led by SineWave Ventures and Felicis, with participation from Alumni Ventures, Massive, Calm Ventures, Gaingels, alongside industry-expert angels. This investment brings Operant AI's total funding to $13.5 million, which they will use to accelerate team and product expansion bringing unprecedented transparency and active cloud-native protection to all APIs, AI, and cloud applications with a particular focus on securing the entire data-in-use lifecycle as it flows through every layer of modern application environments.
As part of this announcement, Patricia Muoio, partner at SineWave Ventures and former NSA/DoD leader, and Nancy Wang, Venture Partner at Felicis and former General Manager / Director of Data Protection at AWS, will join Operant AI's Board of Directors. These appointments strengthen the breadth and depth of the company's product and market approach as they work together to get Operant AI's real-time protection into the hands of enterprises for whom blocking modern API and AI-fueled attacks couldn't be more urgent.
"Real runtime protection is the future," said Patricia Muoio, Partner at SineWave Ventures and Operant AI's lead investor. "There is so much noise in the industry right now, and it is getting in the way of the simple truth that modern attacks - especially AI attacks - absolutely cannot be fought by static technology. Operant's innovations completely change what security teams can expect from a runtime protection platform, and the speed and ease with which Operant can secure the open attack surface inside the application perimeter both democratizes access to critical security capabilities and brings a level of security to modern app development that is urgent and extremely valuable."
"Kubernetes has transformed application development, driving faster deployments but also increasing the risk of vulnerabilities," said Nancy Wang, Venture Partner at Felicis and Operant's Seed investor. "Operant's unique runtime security solution provides a critical new layer of AI protection, complementing application security programs by preventing the majority of OWASP Top 10 attacks and AI attacks that static analysis tools alone cannot detect."
Operant AI's unique ...
