Lasso Overview
Lasso Security develops comprehensive solutions to address the challenges posed by Large Language Models (LLMs). While LLMs are transforming information processing, they also introduce new vulnerabilities that cybercriminals can exploit. Lasso Security provides a sophisticated Gen AI risk management solution that encompasses both preventive and remedial measures. Their goal is to empower businesses with robust defenses, ensuring the safety and security of their systems, particularly those employing generative AI technologies with LLMs. With Lasso, organizations can confidently adopt generative AI, knowing that every data point, command, and prompt generated by LLMs is closely monitored to safeguard against potential threats.
Cumulative Funding Raised Over Time ($)
Latest News
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AI-powered smart browsers offer a personalized and advanced browsing experience, but they also pose serious security risks. Elad Schulman, Co-Founder and CEO of Lasso Security, explains how and what you can do to stay safe online.
The article discusses the rise of AI-powered smart browsers, which offer advanced browsing experiences but also pose significant security risks. Elad Schulman, Co-Founder and CEO of Lasso Security, highlights the vulnerabilities associated with these browsers, particularly those using large language models (LLMs). These AI agents can perform complex tasks but are susceptible to issues like hallucinations, prompt injection, and data leakage. Lasso Securitys research identifies potential exploits through supply chain weaknesses, emphasizing the need for robust security measures. The article underscores the importance of implementing strict security boundaries to mitigate risks while leveraging the productivity benefits of AI browsers.
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Prompt Security, Lasso, Aim, Pillar, and Noma are all tipped as the next targets in Israel’s red-hot AI-cyber M&A race.
The article discusses the burgeoning AI-cybersecurity M&A activity in Israel, highlighting companies like Prompt Security, Lasso, Aim, Pillar, and Noma as potential acquisition targets. The AI revolution has significantly impacted the cybersecurity sector, with attackers using AI for sophisticated attacks and defenders leveraging AI for advanced security tools. Recent acquisitions, such as Palo Alto Networks acquiring Protect AI for $700 million, have sparked a frenzy in the market. U.S. companies like Zscaler and F5, along with Israeli firm Check Point, are actively seeking acquisitions. Despite founders desires to remain independent, venture funds are pushing for exits, with several Israeli AI-cyber exits expected soon. The focus is on acquiring talent and technology rather than mature products, as seen in recent deals.
AcquisitionInvestment
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The Wiz of GenAI security? “Lasso has the potential to be a once-in-a-decade company in cyber” | CTech
Lasso Security, founded in June 2023, is a startup focused on AI cybersecurity. Despite geopolitical challenges, the company has made significant strides, including raising $6 million in its first funding round. However, it rejected investment from Paddy Cosgrave due to his controversial statements, creating a budget gap. Former Prime Minister Naftali Bennett joined the board, aiding in strategic direction and customer acquisition. Lasso has developed a product that addresses AI-specific cybersecurity risks, securing major clients, including U.S. federal agencies. The company is generating over $1 million in sales and plans to raise another funding round in early 2025. Lasso aims to become a leader in the burgeoning AI cybersecurity market, which is expected to grow significantly in the coming years.
InvestmentPartnersCustomers
בחזרה לשורשים: הג'וב החדש של נפתלי בנט
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Lasso Security nets $6 million Seed funding for Gen AI and LLM cybersecurity | CTech
Israeli startup Lasso Security, which provides cybersecurity for Large Language Models (LLMs), has raised $6 million in a seed funding round. The round was led by Entrée Capital and saw participation from Samsung Next. Lassos platform aims to protect all LLM touchpoints, helping businesses safely integrate and deploy LLMs in production environments while preserving data and user privacy. The company was founded in 2023 by Elad Schulman, Lior Ziv, Ophir Dror, and Yuval Abadi.
Investment
| Sector | Cyber Security |
Funding
| Total funding | $11M |
| Last funding | Undisclosed |
| Stage | Seed |
| Rounds | 4 |
| Investors | 6 |
Team Members
4
Employees: 51-200
Web & Social Links
| Website | www.lasso.security |
Locations
Beit Shamai St 10, Tel Aviv-Yafo, Israel
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