on ApeX
Apex Secures $7 Million Seed Funding to Enhance AI Platform Security
Apex, a pioneering AI security firm based in Tel Aviv, announced today its emergence from stealth with a significant $7 million seed funding round. The investment was co-led by Sequoia Capital and Index Ventures, featuring participation from multiple notable angel investors. This funding will aid in product development, employee onboarding, and market expansion efforts.
The rapid integration of Generative AI across various industries presents new cybersecurity challenges, including data leaks and risks of AI-driven attacks. Apex aims to equip organizations with robust tools to manage and secure AI applications, ensuring safe and efficient adoption. Its security platform offers real-time detection and response capabilities to mitigate potential AI threats.
Founded by Matan Derman and Tomer Avni, Apex has already begun serving several Fortune 500 companies, addressing critical security concerns that hinder broader AI adoption. "We're committed to empowering organizations to leverage AI safely," stated Derman, CEO at Apex.
R. E.Copyright © 2024 FinanzWire, all reproduction and representation rights reserved. Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all ApeX news