{"id":3883,"date":"2024-09-10T09:00:53","date_gmt":"2024-09-10T09:00:53","guid":{"rendered":"https:\/\/tradetrovex.com\/index.php\/2024\/09\/10\/chatbot-start-up-splxai-lands-2m-amid-growing-cybersecurity-threat\/"},"modified":"2024-09-10T09:00:53","modified_gmt":"2024-09-10T09:00:53","slug":"chatbot-start-up-splxai-lands-2m-amid-growing-cybersecurity-threat","status":"publish","type":"post","link":"https:\/\/tradetrovex.com\/index.php\/2024\/09\/10\/chatbot-start-up-splxai-lands-2m-amid-growing-cybersecurity-threat\/","title":{"rendered":"Chatbot start-up SplxAI lands $2m amid growing cybersecurity threat"},"content":{"rendered":"<p>A start-up which helps companies protect against cyberattacks targeting their AI chatbots has raised millions of dollars to fund its expansion.<\/p>\n<p>Sky News understands that SplxAI, which was founded earlier this year, will announce this week that it has secured $2m from investors led by Inovo.vc, South Central Ventures and Runtime Ventures.<\/p>\n<div class=\"sdc-site-outbrain sdc-site-outbrain--AR_6\">    <\/div>\n<p>The company says it aims to plug \u201cgaping security holes\u201d in conversational AI, with chatbots now used by more than 1.5 billion people globally.<\/p>\n<p>It has built what it describes as an advanced security platform called Probe which can identify vulnerabilities in chatbot systems before they are exposed by cyberattackers.<\/p>\n<p>Angel investors including David Politis, founder of BetterCloud, and Elad Schulman, whose company Segasec was sold to Mimecast, have also invested in SplxAI\u2019s pre-seed round.<\/p>\n<div class=\"ad ad--teads\">        <\/div>\n<p>The issue of AI chatbot security has become increasingly critical as their use has exploded in recent years.<\/p>\n<p>Many large companies now use them in place of armies of customer service agents, although their effectiveness is often mixed.<\/p>\n<p>A number of tech giants, including Microsoft and OpenAI, whose ChatGPT system is the world\u2019s most prominent of its kind, have been the subject of data breaches and other cyberattacks.<\/p>\n<p>SplxAI said it had recently been able to identify \u2018content bias vulnerabilities\u2019 with an IKEA AI assistant which demonstrated ethnic bias in its responses, risking both reputational damage and a loss of customer trust.<\/p>\n<p>The company was founded by Kristian Kamber, a sales executive, and Ante Gojsalic, an AI consultant.<\/p>\n<p>\u201cWe\u2019re experiencing a paradigm shift in GenAI security, with huge implications for organisations that come under attack,\u201d Mr Kamber, SplxAI\u2019s chief executive, said.<\/p>\n<p>\u201cAs such, there is an ever-growing need for continuous, proactive security systems to keep a constant eye on conversational AI as it is used across businesses, and as a means of communicating with customers.\u201d<\/p>\n<p>Research suggests that the market for generative AI security products is likely to grow from $7bn this year to $40bn by 2030.<\/p>\n<p>SplxAI\u2019s new funding will be used to accelerate product development, and expand its workforce and operations, particularly in the US.<\/p>\n<p>Karol Lasota, a principal at Inovo.vc, said: \u201cIn the AI gold rush, sell shovels \u2013 Splx wants to be one of the key shovels in the GenAI space.<\/p>\n<p>\u201cThey make sure \u2018shovels\u2019, or in this instance chatbots, don\u2019t break or act in a way that could be damaging.\u201d<\/p>\n<p>Jure Mikuz, managing partner at South Central Ventures, said: \u201cIn GenAI-powered industries, cybersecurity tools are the guardians of innovation, shielding sensitive data from cyber threats that evolve as fast as technology itself.\u201d<\/p>\n<\/p>\n<div>This post appeared first on sky.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A start-up which helps companies protect against cyberattacks targeting their AI chatbots has raised millions&hellip;<\/p>\n","protected":false},"author":0,"featured_media":3884,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-3883","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech-news"],"_links":{"self":[{"href":"https:\/\/tradetrovex.com\/index.php\/wp-json\/wp\/v2\/posts\/3883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradetrovex.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradetrovex.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/tradetrovex.com\/index.php\/wp-json\/wp\/v2\/comments?post=3883"}],"version-history":[{"count":0,"href":"https:\/\/tradetrovex.com\/index.php\/wp-json\/wp\/v2\/posts\/3883\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradetrovex.com\/index.php\/wp-json\/wp\/v2\/media\/3884"}],"wp:attachment":[{"href":"https:\/\/tradetrovex.com\/index.php\/wp-json\/wp\/v2\/media?parent=3883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradetrovex.com\/index.php\/wp-json\/wp\/v2\/categories?post=3883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradetrovex.com\/index.php\/wp-json\/wp\/v2\/tags?post=3883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}