Knostic Secures $11 Million to Address AI Data Security in Enterprises

Knostic, a pioneering provider of specialized access controls for Generative AI, has successfully secured $11 million in funding to enhance data security for enterprise applications utilizing large language models (LLMs). This latest investment marks a significant milestone in Knostic's mission to provide organizations with tools that help manage their AI integration while safeguarding sensitive information.

Gadi Evron, co-founder and CEO of Knostic, articulated the core challenge facing modern enterprises: current AI tools often lack the ability to manage confidential information correctly. Evron noted that companies frequently struggle to adopt AI technology securely without compromising sensitive details such as financial reports and merger discussions. He emphasized the critical role Knostic plays in enabling businesses to utilize AI effectively while maintaining the necessary privacy controls.

The recent funding round, led by Bright Pixel Capital, also saw participation from noteworthy investors, including Silicon Valley CISO Investments (SVCI), DNX Ventures, and Seedcamp, along with prominent angel investors like Kevin Mahaffey and Gerhard Eschelbeck. This support underscores the increasing recognition of the need for effective security solutions in the AI sector, particularly as enterprises rush to integrate AI into their operations.

In a time when organizations are rapidly adapting AI, challenges in managing LLMs have become evident; executives often seek answers on how to harness AI's capabilities without jeopardizing data integrity. Fernando Martins, Director of Cybersecurity at Bright Pixel Capital, commented on the necessity of Knostic's solutions, stating that enterprises that aim to capitalize on AI require Knostic’s specialized access controls to secure their valuable information.

Sounil Yu, co-founder and CTO, highlighted the unique positioning of their need-to-know policies, which allow for enhanced flexibility compared to traditional access controls. Unlike systems that simply restrict access, Knostic’s approach enables context-aware adjustments to AI outputs, making it easier for businesses to adopt LLMs while ensuring sensitive information is not disclosed. This model has resonated well within the cybersecurity community and has been endorsed by significant figures like Admiral Mike Rogers (Ret.), the former NSA director, who views Knostic as a crucial innovation in preventing reputational and financial damage related to data breaches.

As Knostic continues to garner attention for its groundbreaking technology, it has also achieved commendable recognition in industry competitions, being awarded the Launch Pad winner title at the prestigious 2024 RSA Conference and the Black Hat Startup Spotlight Competition. It is notable that Knostic is the only startup to accomplish this remarkable feat.

As organizations increasingly invest in AI, having a reliable framework to control information access is paramount. With the recent funding, Knostic plans to accelerate its growth trajectory, enhance its product offerings, and expand its customer base. The team aims to bridge the gap between innovative AI application and effective security measures, facilitating a smoother transition for businesses looking to implement LLM technology.

For more information on how Knostic is leading the charge in responsible AI deployment, visit Knostic’s official website.

About Knostic

Founded in 2023, Knostic is committed to establishing a safe environment for enterprises to utilize AI technology. Co-founded by Gadi Evron, a seasoned entrepreneur with vast experience in cybersecurity, and Sounil Yu, an expert in security strategy, Knostic is at the forefront of providing need-to-know access controls applicable specifically to LLMs. By empowering organizations to pursue AI advancements safely, Knostic sets the stage for future innovations that prioritize both efficacy and security.

About Bright Pixel Capital

Bright Pixel Capital, the investment branch of the multinational group Sonae, specializes in technology sectors such as cybersecurity and infrastructure software. With a robust portfolio of over 60 companies, Bright Pixel acts as a dedicated partner, guiding businesses from early stages through to IPOs with strategic insight and support.