Dec 3, 2023

Lasso Security – innovators in Large Language Models (LLMs) cybersecurity – announced a $6 million seed round led by Entrée Capital with the participation of Samsung Next. The swift adoption of Gen AI and LLMs presents a pressing issue – the significant cybersecurity challenges, including data exposure, security, and compliance risks. And Lasso is setting the standard for LLM cybersecurity by safeguarding every LLM touchpoint, ensuring unrivaled, comprehensive protection for businesses leveraging Gen AI and other significant language model technologies. The company plans to utilize the funds to expand its team and further enhance its offerings. Lasso Security aims to equip Gen AI and LLM pioneers with innovative security solutions that enable organizations to adopt the technologies fully. Lasso addresses numerous sophisticated and evolving LLM cybersecurity threats like model theft, malicious code generation, prompt injection, data poisoning, and supply chain attacks. Lasso offers oversight regarding sensitive data disclosure, insight into how employees use LLM-based workplace tools and guides on how to use them safely in real time. Through Lasso’s Shadow AI Discovery and ongoing LLM Data-Flow Monitoring and Observability features – combined with a robust Real-time Detection and Alerting system – Lasso can rapidly respond to emerging threats. Lasso further ensures end-to-end protection, aligning seamlessly with an organization’s security policies. And with Lasso, organizations can safely integrate and deploy LLMs in production environments, preserving data and user privacy while safeguarding against malicious threats. KEY QUOTES: “The capabilities of LLMs are extraordinary, revolutionizing information processing but also introducing openings for cyber criminals in enterprise settings. As early as next year, organizations without a dedicated Gen AI risk management solution will experience negative outcomes. At Lasso, we’ve analyzed numerous LLM security challenges and developed a comprehensive solution encompassing preventative and remediation measures. Our mission is to equip businesses with robust defenses to safeguard their systems, including those using generative AI technologies that leverage LLMs. Every data point, command, and prompt generated by LLMs will be under the vigilant oversight of our sophisticated security platform, enabling teams to embrace generative AI without jeopardizing their data’s safety and security.” — Elad Schulman, CEO of Lasso Security “LLMs are undoubtedly one of the greatest technological leaps of our time. However, with this opportunity comes a new set of cybersecurity and compliance risks. These challenges should not hinder technological progress. Lasso’s solution directly addresses the vulnerabilities associated with LLMs. This enables businesses to confidently integrate large language models into their products or internal tools, while safeguarding their commercial data and information. We are thrilled to support and partner with Lasso as they work toward optimizing LLM security for enterprises.” — Eran Bielski, General Partner at Entrée Capital “Large Language Models are already flourishing, and with their availability for greatness comes opportunities for malicious actors to take advantage. In the cybersecurity world there is no time to assess and react, you need to be ahead of the game – Lasso has built a platform that deals with the current threat and anticipates the next, and I am confident in their vision and mission to secure generative AI and the businesses which depend on it.” — René Bonvanie, former CMO of Palo Alto Networks and the newest Lasso’s Advisory Board member Sponsors