Samsung Joins Funding for AI Security Startup Valued at $400 Million
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Protect AI Inc., a security and artificial intelligence startup, has raised $60 million from investors betting that the intersection of AI and security will be big business.
The funding round, led by Evolution Equity Partners, values the startup at $400 million. That brings its post-money valuation, or value including dollars raised, to $460 million. New investors in the deal include 01 Advisors and Samsung Electronics Co., with participation from Salesforce Ventures, Boldstart Ventures and other existing backers.