Knostic, a Herndon, VA-based provider of need-to-know access controls for Generative AI, has successfully raised $11 million in a recent funding round. The round was led by Bright Pixel Capital, with participation from investors such as Silicon Valley CISO Investments (SVCI), DNX Ventures, Seedcamp, and notable angel investors including Kevin Mahaffey, founder of Lookout, and Gerhard Eschelbeck, former CISO of Google.

Company Overview

Founded in 2023 by Gadi Evron and Sounil Yu, Knostic specializes in providing need-to-know-based access controls for Large Language Models (LLMs). The company’s platform enables organizations to drive AI-powered innovation without compromising security or safety, offering a customizable safety layer to tools such as Microsoft 365 Copilot and Glean.

Funding Details

In this funding round, Knostic raised $11 million, led by Bright Pixel Capital, with contributions from SVCI, DNX Ventures, Seedcamp, and angel investors Kevin Mahaffey and Gerhard Eschelbeck. This investment brings the company’s total funding to date to $14 million.

Business Model & Future Plans

Knostic generates revenue by offering its AI security solutions to enterprises, ensuring that AI tools adhere to strict access controls and prevent data leaks. The company plans to utilize the new funding to expand its offerings, further develop its platform, and support enterprises in their AI transformation journeys by adding customizable safety layers to various AI tools.

Market Impact & Competitors

With this latest investment, Knostic aims to strengthen its position in the enterprise AI security market. By providing need-to-know access controls for LLMs, the company addresses critical security concerns associated with AI adoption in enterprises. While specific competitors are not mentioned, Knostic’s focus on preventing AI data leaks positions it uniquely in the AI security landscape.

Conclusion

Knostic’s successful funding round underscores its potential to revolutionize enterprise AI security. With strategic investments and a focus on innovation, the company is well-positioned for accelerated growth, promising a transformative impact on how enterprises secure their AI tools and data.