Israeli Startup Pluto Security Raises $42 Million for AI Security
Translated & summarized from TheMarker by baba
Israeli cybersecurity startup Pluto Security has raised $42 million to secure AI tools and applications for organizations. Founded by ex-Microsoft and Palo Alto Networks employees, the company began sales in April and already reports millions in ARR. Pluto Security serves over 40 enterprise clients, including Fortune 500 companies, and secures over a million endpoints. Investors include Jump Capital, Shlomo Kramer, and TLV Partners.
The story in 5 lines · by baba
- Pluto Security, an Israeli firm, has raised $42 million to secure AI tools for organizations.
- The company was founded by former employees of Microsoft, Palo Alto Networks, and Unit 8200.
- Pluto Security reports millions in annual recurring revenue despite starting sales in April.
- It serves over 40 enterprise clients, including Sixt, Oscar Health, Workato, and AlphaSense.
- Investors include Jump Capital, Shlomo Kramer, and TLV Partners.
Israeli cybersecurity firm Pluto Security, which has developed technology to secure artificial intelligence tools and applications used by employees, has announced a $42 million funding round. The company, founded by former Microsoft and Palo Alto Networks employees and graduates of Unit 8200, aims to secure the use of AI applications within organizations. Despite only beginning sales in April, Pluto Security reports achieving millions of dollars in annual recurring revenue (ARR). The company states it secures over one million endpoints and serves more than 40 enterprise clients, including Sixt, Oscar Health, Workato, and AlphaSense, as well as Fortune 500 companies. Investors in the round include Jump Capital, Shlomo Kramer, and TLV Partners.
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