PRESS RELEASE
TEL AVIV, Israel–(BUSINESS WIRE)–Intention Safety, an Israeli cybersecurity startup providing enterprises a holistic, one-stop store GenAI safety platform, at this time introduced $10 million in seed funding. The spherical was led by YL Ventures, with participation from CCL (Cyber Membership London), the founders of WIZ and angel traders from Google, Proofpoint and Palo Alto Networks. Intention Safety was based by cybersecurity veterans Matan Getz, CEO and Adir Gruss, CTO who pioneered the use and adoption of AI and massive information instruments within the IDF’s elite intelligence Unit 8200.
Generative AI isn’t the way forward for expertise, it’s the current. McKinsey & Firm’s report on “The State of AI in 2023” states that one-third of respondents use GenAI usually in at the very least one enterprise perform and 40% of respondents point out that their organizations plan to extend their funding in AI total. Curiously and concerningly, 53% of these surveyed in McKinsey’s report contemplate cybersecurity dangers essentially the most acute dangers of GenAI adoption, however solely 38% of respondents who reported GenAI adoption state that they’re able to mitigate GenAI dangers.
“The stringent laws of the finance trade and our concern for our clients’ information make GenAI adoption difficult,” says Drew Robertson, CISO at Finance of America. “Intention secures your complete breadth of our GenAI use, regardless of the place it’s utilized — public SaaS apps, enterprise chats or our personal inner developments — and helps us place and implement the guardrails that match our trade laws and distinctive wants.”
GenAI is carried out in three fundamental methods, every with its distinctive threat floor. Public GenAI instruments and third occasion apps with embedded GenAI options speed up how staff ship delicate information to exterior instruments. A few of these instruments could also be ungoverned and unsanctioned by safety groups, who should then chase the adoption of those Shadow AI instruments, mapping every of their distinctive dangers and understanding what instruments are coaching their fashions on the information submitted. As well as, there’s a large and rising adoption of GenAI-powered copilots by enterprises.
These hyper-productivity instruments hook up with the corporate’s setting and will break all present belief boundaries, flatten the authorization layer and create unauthorized information entry. Corporations have additionally realized the immense worth of utilizing GenAI brokers and AI-led growth to enhance their very own functions, resulting in possession and GenAI regulation points, security questions relating to malicious and manipulated GenAI output and distinctive assault vectors comparable to jailbreaks and immediate injection.
Conventional safety instruments lack the precise experience required to grasp the foundations of GenAI and the scope of its threat, and these are blind spots that organizations can’t see till it’s too late. “This monumental threat floor is replete with distinctive assault vectors that present safety options can not sufficiently tackle,” says Matan Getz, CEO and co-founder of Intention Safety. “Very similar to the cloud revolution and the bespoke safety options that adopted, the GenAI revolution requires a wholly new strategy to addressing its distinctive vulnerabilities and vectors.”
Throughout the group, enterprise customers and builders can leverage GenAI expertise whereas Intention gives safety groups with the oversight, visibility and management they by no means had. Intention’s unparalleled GenAI Safety Suite is a holistic platform that’s devoted to repeatedly addressing these dangers whereas guaranteeing elevated productiveness and safe GenAI adoption.
“Whereas the market remains to be discovering its footing within the GenAI wilderness, Intention is already arming its clients with the whole lot they should tackle rising GenAI safety threats whereas offering invaluable enterprise insights on GenAI use,” says Ofer Schreiber, Senior Companion at YL Ventures. “Matan and Adir are true visionaries whose revolutionary strategy is essential when breaking right into a always evolving new sector. They have already got a powerful buyer base, indicating an distinctive capacity to shortly execute whereas persevering with to deal with buyer wants alongside their GenAI journey.”
A complete safety answer for any GenAI use, Intention goes past safety. It gives organizations with essential insights that increase their understanding of how GenAI can be utilized to drive enterprise targets. “In our enterprise, GenAI is really revolutionary for our every day productiveness and effectivity,” says Elie AbenMoha, CISO at a World 1000 media firm. “We’re deeply invested within the house and main revolutionary integrations of GenAI to our surroundings. The pivotal position of safety in shaping the deployment structure and establishing coverage can’t be overstated. I’m delighted to have Intention’s experience guiding us via this important course of.”
“Intention offers us full visibility of worker GenAI utilization, with proactive guardrails and preventive controls, elevating the MIO Info Safety workforce as a enterprise enabler,” says Israel Bryski, CISO at MIO Companions, Inc. “Intention’s business-forward strategy and nimbleness served a essential position in MIO’s GenAI Exploration Committee, serving to us form our GenAI technique rooted in a powerful safety basis.”
For extra info on how Intention Safety can assist drive safe GenAI adoption, please go to: Intention.Safety
Extra Quotes
“Not solely has Intention helped us confirm that delicate information just isn’t leaked to public GenAI instruments, however additionally they supplied a safe different, reworking our safety workforce into true enterprise enablers. As a health-tech firm, we should make the most of essentially the most forward-thinking applied sciences to boost our merchandise. With Intention, we’re assured concerning the degree of safety we offer and may speed up our GenAI adoption with out concern.” Sarah Hendrickson, CISO at Cerebral
“Generative AI is the way forward for enterprise and may’t be secured utilizing conventional safety methods and instruments. Intention introduces a wholly new, holistic strategy and particular experience to safe the distinctive dangers of GenAI, with a fast time-to-value and a streamlined strategy.” Michael Sutton, former CISO at Zscaler
“After serving to corporations safe their information for over 20 years, I can say with certainty that the legacy safety stack can’t assist corporations safe their proprietary and controlled information within the GenAI age. A brand new, revolutionary platform is required to deal with the distinctive challenges that GenAI uncovers. Intention is precisely what you want in your present safety stack, to make sure your information is protected.” Yair Grindlinger, former SVP of Product at Proofpoint
About Intention Safety
The Age of GenAI will radically rework the normal safety stack. Intention Safety is the trade information to safe GenAI adoption, equipping safety leaders with the power to drive enterprise productiveness whereas offering the precise guardrails and guaranteeing proactive safety for all use circumstances throughout your complete group, whether or not enterprise use or manufacturing use. Main CISOs and safety practitioners on their safe GenAI journey, Intention empowers enterprises to unlock the total potential of GenAI expertise with out compromising safety.
About YL Ventures
YL Ventures funds and helps visionary cybersecurity entrepreneurs from seed to scale to assist them evolve transformative concepts into market-leading corporations. The agency accelerates firm progress with tailor-made assist via its highly effective community of Chief Info Safety Officers, international trade leaders and a devoted workforce of multidisciplinary specialists. Based mostly in Silicon Valley, New York and Tel Aviv, YL Ventures manages 5 funds with $800M in whole AUM. The agency has a observe report of seeding cybersecurity unicorns comparable to Axonius and Orca Safety and its portfolio corporations have been efficiently acquired by high-profile, international trade leaders together with Palo Alto Networks, Microsoft, Okta and Proofpoint. In 2022, YL Ventures ranked eighth out of over 250 enterprise capital corporations in PitchBook’s prestigious World Supervisor Efficiency Rating League Tables and was the one cybersecurity-focused VC to safe a prime 10 spot.
