Lakera has announced that they’ve raised $20m in a Series A funding round led by Atomico, with participation from Citi Ventures, Dropbox and existing investors.

This funding round has been closed within only a few months of Lakera announcing their Seed round and the participation from the venture arms of a financial services firm and a SaaS company highlights the urgency and importance of securing GenAI applications for enterprises.

Donald Tucker, Head of Corporate Development and Ventures at Dropbox, noted, “Lakera’s team has extensive expertise and a deep understanding of the complex security challenges companies are facing with LLMs and Generative AI. Their advanced technology is helping companies like Dropbox safeguard against vulnerabilities these new technologies pose.”

In less than two years it’s estimated that 80% of enterprises will have deployed GenAI applications in production environments. The challenge is to secure these applications against AI-specific risks.

This round brings Lakera’s total funding to $30m.

Security without sacrificing interactivity

Security solutions can’t get in the way of user experiences. Users can interact with GenAI applications as they would speak to a person, using natural language.

Lakera insists that they deliver an ultra-low latency API, providing a security layer compatible with any GenAI model and without compromising application interactivity – for conversational AI applications today and agents tomorrow.

Investing in the Future of AI Security

With this funding round, Lakera are planning to accelerate their product development and go-to-market strategy. As such, their presences in the US and Europe, particularly in their San Francisco and Zurich offices, are on course to significantly expand in order to address market demand. 

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