Bedrock Security secures $10m in seed funding to transform data protection with AI


Bedrock Security, a promising newcomer in the data security domain, recently announced a significant milestone in its journey.

According to Silicon Angle, the startup, aiming to redefine how businesses protect their sensitive information, has successfully closed a seed funding round of $10 million. The financial injection was spearheaded by Greylock, a notable figure in the venture capital landscape.

At its core, Bedrock Security is revolutionising the data security industry through its cutting-edge platform. Powered by what it terms as the AIR Engine, the startup leverages artificial intelligence to provide a comprehensive understanding and protection of a company’s most crucial data the moment it’s created. This innovative approach ensures the seamless protection of sensitive information, particularly crucial for organisations utilising generative AI models.

The startup’s ambitions are clear: to offer a frictionless method for businesses to continuously identify, manage, and secure their vital data without impeding operational efficiency. The AIR Engine is at the heart of this mission, boasting capabilities such as automated data risk management, enhanced data visibility through AI-powered reasoning, and robust protection mechanisms for generative AI workloads.

With the fresh capital, Bedrock Security plans to accelerate the development of its platform. This funding will bolster the startup’s efforts to meet the burgeoning demands of modern businesses that rely heavily on data and are keen to implement generative AI and other advanced data-centric technologies securely.

Among additional insights shared, Bedrock Security’s co-founder and CEO, Pranava Adduri, emphasised the foundational role of data in business growth, especially in the era of generative AI. The startup’s distinct approach sets it apart from traditional data security solutions, promising enhanced protection for regulated data and intellectual property.

“Modern LLM architectures like Retrieval Augmentation Generation ingest a large volume and variety of data very quickly,” Adduri noted. “Bedrock, unlike legacy solutions, can effectively ensure protected information such as regulated data and core IP, is not ingested into these AI models.”

Industry analysts, including Holger Mueller from Constellation Research Inc., have lauded the move towards automating data security. Mueller highlighted the potential of AI in eliminating manual data cataloging inefficiencies and errors, underscoring the significance of Bedrock Security’s efforts in this transformative period.

Greylock’s investment in Bedrock Security underscores their confidence in the startup’s vision of establishing a new industry standard for data security, where data is safeguarded from creation, facilitating a worry-free use of data for enterprises.

Copyright © 2024 RegTech Analyst

Enjoyed the story? 

Subscribe to our weekly RegTech newsletter and get the latest industry news & research

Copyright © 2018 RegTech Analyst


The following investor(s) were tagged in this article.