Lasso News
6 articles
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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.
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בחזרה לשורשים: הג'וב החדש של נפתלי בנט
growth-positive
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
growth-positive
Lasso Security emerges from stealth to wrangle LLM security
Lasso Security, a cybersecurity startup, has raised $6 million in seed funding from Entrée Capital and Samsung Next. The company aims to tackle security issues associated with large language models (LLMs), which can be manipulated to reveal sensitive information or create malicious code packages. Lassos technology intercepts interactions with LLMs, capturing data sent to and retrieved from them, and applies threat detection and response actions. The platform also offers features such as shadow AI discovery, real-time detection and alerting, and end-to-end protection.
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