SydeLabs is a San Francisco-based start-up focusing on protecting AI applications against cyber attacks. It recently completed a $2.5 million seed funding round to develop solutions to address the vulnerabilities that AI tools and applications may have. The company was founded by Ankita Kumari and Ruchir Patwa, who are concerned about the increasing number of attackers targeting AI applications specifically. This issue has been echoed by research specialist Verdict, who identified the market for cyber security solutions aimed at protecting AI applications as one to watch.
The company has developed two products, Sydebox and SydeGuard, to help enterprises and other AI users combat potential attacks on their AI systems. Sydebox allows organisations to scan their AI applications for vulnerabilities and address any weaknesses that could be exploited by attackers. On the other hand, SydeGuard detects live attacks on AI systems by assigning a risk score to each interaction with the system, notifying organizations of potentially harmful interactions so that they can take action accordingly.
Prominent cyber security product providers are recognizing the unique challenges posed by AI applications but are finding it challenging to keep up with the rapidly evolving threats. Smaller providers like SydeLabs offer more agility and innovation in addressing these issues. As competition in the market heats up, SydeLabs is exploring various distribution channels, including partnerships with established cyber security players and AI application designers, in addition to selling its products to enterprise customers on a standalone basis.
SydeLabs faces competition from firms like Lakera and Prompt Security, which have also developed cyber security solutions for AI applications. To stay ahead in the market, SydeLabs plans to continue innovating and launching new products, with a third product launch focused on helping organizations identify compliance gaps as regulations surrounding AI applications increase. The recent seed funding will support the company’s research and development efforts, with investors like RTP Global and Picus Capital showing confidence in SydeLabs’ forward-thinking approach to AI security.
The company’s founder, Ankita Kumari, believes that the rise of AI applications necessitates a different approach to cyber security, especially for generative AI applications where the intent of the user is more critical than the specific input. She emphasizes the importance of staying vigilant as new threats emerge in real time and the need for agile responses to combat these vulnerabilities effectively. With new funding and a focus on innovation, SydeLabs aims to set new standards for secure AI applications that are both groundbreaking and safe from cyber attacks.
