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SydeLabs raises $2.5 million in seed funding round led by RTP Global to further develop its AI-led risk management solutions

PRIVATEMar 28, 2024

Amount Raised

$2.5 Million

Round Type

Seed

SoftwareArtificial IntelligenceMachine Learning

Investors

Sai Srinivas KiranKunal ShahPicus CapitalRTP Global

Description

SydeLabs, an AI-led risk management solutions provider, has raised $2.5 million in seed funding led by RTP Global. The funding round also saw participation from early-stage investment firm Picus Capital, Cred founder Kunal Shah, Mobile Premier League founder Sai Srinivas Kiran, and other angel investors. SydeLabs plans to use the funds for research and development (R&D) and to enhance its existing product portfolio.

Quick answer

SydeLabs raised $2.5 Million in a Seed round, dated March 28, 2024. Investors: Sai Srinivas Kiran, Kunal Shah, Picus Capital and RTP Global.

How much did SydeLabs raise?
SydeLabs raised $2.5 Million in a Seed round on March 28, 2024.
Who invested in SydeLabs?
Sai Srinivas Kiran, Kunal Shah, Picus Capital and RTP Global are named as investors in this round.
What does SydeLabs do?
SydeLabs is a pioneering AI security company specializing in automated red teaming for GenAI systems.
Who are the decision-makers at SydeLabs?
Fundz holds 1 contact at SydeLabs. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Software and Artificial Intelligence around the same time

Companies in the same sectors as SydeLabs that raised within 45 days of this round, from Fundz verified event records.

  • XTEND raised $40M (Series B) on May 8, 2024.
  • Aira Technologies raised $18M on May 8, 2024.
  • Tana raised $14M on May 7, 2024.
  • Espresso AI raised $11M (Seed) on May 7, 2024.
  • Numeric raised $10M (Seed) on May 7, 2024.
  • Intangible Technology raised $300K on May 1, 2024.

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Company Information

Company

SydeLabs

About

SydeLabs is a pioneering AI security company specializing in automated red teaming for GenAI systems. Founded by former leaders from Google and MPL, SydeLabs has developed SydeBox, a leading product designed to identify and mitigate vulnerabilities in LLMs. SydeLabs’ products have been adopted by enterprises to make GenAI models and applications safe and secure, giving them the confidence to deploy these systems to production. The company is headquartered in Bangalore.

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