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Protect AI acquires SydeLabs to enhance LLM security testing capabilities

Jul 31, 2024about 1 year 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

Protect AI is a cybersecurity company focused on AI & ML systems. Through the delivery of innovative security products and thought leadership in MLSecOps, we help our customers build a safer AI powered world. Protect AI is based in Seattle, Washington, with offices in Dallas, Texas, and Raleigh, North Carolina. The company is directed by proven leaders in AI and ML with funding from successful venture partners in cybersecurity and enterprise software.

FundzWatch™ Score

88
High M&A Activity

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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