.Artificial intelligence (AI) as well as artificial intelligence (ML) safety and security firm Protect AI on Thursday introduced rearing $60 million in Series B funding, which carries the overall increased due to the provider to $108.5 thousand.The brand-new assets cycle was led through Progression Capital Partners, with added support from 01 Advisors, Acrew Funds, Boldstart Ventures, Knollwood Funding, Pelion Ventures, StepStone Group, Samsung, and also Salesforce Ventures.The firm's AI Protection Position Monitoring (AI-SPM) system, that includes five items, supplies clients with detailed protection abilities and also ML setting monitoring.The solution delivers scanning of ML models for hazards, AI/ML bill of products, an AI/ML hazard feed, as well as LLM security, observability, and administration abilities.Guard AI also uses AI protection education and also understanding sharing, and also supports recognizing and addressing vulnerabilities in AI/ML open source projects through its Huntr hazard analysis community, which possesses more than 15,000 members.The business will certainly utilize the new financing to improve its own AI-SPM system as well as speed up growth through growing purchases and client assistance crews, accelerating r & d (R&D), as well as boosting channel programs.Building on a 300% year-over-year staff development, the company also organizes to tap the services of 50 additional professionals by the end of the year." This extra backing delivers the resources to stretch our innovation lead by offering a lot more unique AI surveillance capabilities for each factor of AI-SPM, at every phase of the AI growth lifecycle, as well as serve customers across the globe. Our mission is actually to lead the AI safety and security group for many years ahead as well as assist consumers create a much safer AI-powered globe," Shield AI co-founder as well as chief executive officer Ian Swanson said.Advertisement. Scroll to proceed reading.The Series B financing announcement happened very hot on the heels of Protect AI acquiring SydeLabs, a San Francisco-based AI safety company supplying automated red teaming of GenAI systems.Connected: Cyber Insurance Service Provider Cowbell Elevates $60 Million.Related: Cryptography Organization Zama Increases $73 Million for FHE Option.Related: Zip Raises $7.7 Thousand to Broaden SMB Cybersecurity Service.Related: Hypr Raises $25 Million for Passwordless Authorization System.