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Protect AI acquires SydeLabs to enhance LLM security testing capabilities

Jul 31, 202412 months ago

Acquiring Company

Protect AI

Acquired Company

SydeLabs

SeattleBengaluruSecurityMachine LearningArtificial IntelligenceSoftware

Description

Protect AI, a leader in AI security, has announced the acquisition of SydeLabs, a pioneer in AI security specializing in red teaming generative AI systems. The strategic acquisition is aimed at enhancing the Protect AI platform's ability to test and improve LLM security, providing customers with unmatched red teaming capabilities and a comprehensive defense-in-depth solution for building, managing, testing, deploying, and monitoring LLMs.

Company Information

Company

Protect AI

Location

Seattle, Washington, United States

About

Founded by experienced leaders and visionaries in artificial intelligence and enterprise software development, Protect AI is ready to define and lead a new market segment within security called MLSecOps. The company is based in Seattle, Washington, with offices in Dallas and Raleigh. Protect AI is privately-held with funding from Acrew Capital, Avisio Ventures, boldstart ventures, Knollwood Capital, Pelion Ventures, Avisio Ventures, and experienced cybersecurity leaders Shlomo Kramer, Nir Polak, and Dimitri Sirota.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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