Aim Security, a Tel Aviv, Israel-based company enabling the secure adoption and use of AI across enterprise organizations, just announced the raise of a $18M Series A funding round. In conjunction with it, CEO Matan Getz replied to our questions about himself, the company, the round, and future plans.
FinSMEs: Hi Matan, can you tell us a bit more about yourself? What’s your background?
I’m Matan Getz, CEO of Aim Security, which I co-founded in 2023 with Adir Gruss, our CTO and a fellow cybersecurity veteran. Together, Adir and I have extensive experience in breaking and building AI platforms, including developing one of the largest data science defensive AI projects for Unit 8200, the elite intelligence unit of the IDF. We are proud to be backed by leaders in the cybersecurity ecosystem, including the founders of WIZ, as well as industry experts from Palo Alto Networks, Proofpoint, and Google. We exited from stealth just four months ago, in January 2024, with YL Ventures, a top global VC, as the main seed investor.
FinSMEs: Let’s speak about Aim Security. What is the market problem you want to solve? What is the real opportunity?
AI applications, ranging from chatbots and virtual assistants to AI productivity tools like Microsoft 365 and GitHub Copilot, have rapidly integrated into the fabric of enterprise business workflows and technology stacks. Yet, as enterprises increasingly embrace AI technology, given its supercharged ability to enable business growth and efficiency, security leaders find themselves caught in a perpetual cycle of “playing catchup” in addressing the unique data, privacy and security challenges AI technology introduces. The result is either blocking its use entirely, negatively affecting business and efficiency goals, or placing the organization at risk.
Aim was created with the mission to secure the enterprise AI adoption journey and become the CISO’s trusted partner as they navigate and secure this journey. With Aim, CISOs now understand that they can comfortably adopt AI across their entire organization without jeopardizing their company’s assets.
FinSMEs: What are the features differentiating the product from competitors?
At Aim, our feature design is centered around delivering customer value, which sets us apart in the competitive landscape. While many emerging AI security solutions struggle to address the rapidly evolving and unique AI security challenges, Aim is purpose-built to keep pace with these changes and designed our platform with AI-specific challenges in mind. We partner closely with enterprise security leaders, supporting them as they progress on their GenAI adoption journey.
Our customers recognize that their current technology stacks, often including established enterprise security providers like major DLP vendors, lack the capability to see and analyze at a prompt level. In contrast, Aim offers deep, specialized capabilities tailored for AI, effectively tackling the unique data and security challenges posed by these new tools.
FinSMEs: You just raised a new funding round. Please, tell us more about it.
Just four months after emerging from stealth mode, we are thrilled to announce that Canaan Partners, a leading venture capital firm known for investing in visionary entrepreneurs, is our lead investor in this A Round, alongside our seed investor, YL Ventures. The rapid success of this funding round is no coincidence; it reflects the market’s recognition of the AI revolution as the most significant technological transformation since the advent of cloud computing. Enterprise security leaders must be equipped to secure this revolution, and we are proud to be the chosen partner for businesses from banking, insurance, healthcare, defense, manufacturing and more to securely unleash the power of these tools. This funding round will be instrumental in bolstering our product development and GTM efforts in the global market and increasing our customer traction considerably.
FinSMEs: Can you share some numbers and achievements for the business?
We are excited to lead this new emerging space with the support of early AI adopters and innovators. Aim has partnered with global organizations, like Mitsubishi, and is adopted by highly regulated industries, like Finance of America and MIO, from the financial sector. Aim’s platform now enables thousands of employees to securely leverage hundreds of AI applications. These milestones have significantly increased Aim’s revenue in the past several months, leading up to this rapid new funding round.
FinSMEs: What are your medium-term plans?
With a strong R&D team and hundreds of customers, prospects and partners, we intend to ramp up our U.S. Go-to-Market expansion. Our goal is to become synonymous with AI adoption, and an industry must-have for every AI adoption journey. Our comprehensive security platform, which extends from data protection use cases to the prevention of runtime attacks, will continue to lead the market as the most holistic Security for AI solution. We are committed to staying ahead of direct competitors and traditional tools in this fast-paced market, addressing all emerging AI risks and ensuring its continued secure adoption.