Israeli AI Security Startup Noma Security Raises $100 Million to Combat AI-Related Threats

Israeli cyber startup Noma Security raises $100 million in private funding round

TEL AVIV, July 31 (Reuters) - Israeli cybersecurity startup Noma Security, whose platform secures enterprise data and AI models against AI agents, said on Thursday it raised $100 million in a private funding round, bringing total funds raised to date to $132 million. Israel's cyber security sector has been active of late and many startups have raised significant sums in funding rounds and in mergers and acquisitions. A surge in cyberattacks, including data breaches and ransomware, has driven demand for more comprehensive defences and fueled interest in cyber firms. On Wednesday, Palo Alto Networks (PANW.O), opens new tab said it would buy Israeli peer CyberArk Software (CYBG.F), opens new tab for $25 billion. It follows Alphabet's (GOOGL.O), opens new tab $32 billion acquisition of Israeli startup Wiz in March. Noma Security's Series B round was led by U.S.-based venture capital firm Evolution Equity Partners, with continued participation from Ballistic Ventures and Israeli firm Glilot Capital. The latest funds, it said, will be used to further expand its operations across North America and Europe, Middle East and Africa and to more rapidly grow its product, research and development teams in Tel Aviv. Noma Security, which was founded in 2023, came into prominence last November after raising $32 million. The company said it helps organisations "identify millions of AI and AI agent risks while simultaneously prioritising and mitigating novel threats at scale." AI agents are AI systems that act autonomously on behalf of users or organisations. Reporting by Steven Scheer; Editing by Emelia Sithole-Matarise Our Standards: The Thomson Reuters Trust Principles., opens new tab

AI security startup Noma Security closes $100M funding round - SiliconANGLE

Noma Security Inc., a developer of artificial intelligence security tools, has raised $100 million in funding to accelerate its engineering efforts. Evolution Equity Partners led the Series B investment with participation from Ballistic Ventures and Glilot Capital. The round's announcement today comes less than a year after Noma's launch. According to the company, its customer base already includes several dozen organizations. "AI agent adoption is exploding within our customer base and CISOs understand that AI innovation must be thoughtfully deployed with full guardrails," said Noma co-founder and Chief Executive Officer Niv Braun (pictured, right, with co-founder and Chief Technology Officer Alon Tron.) Workers sometimes provision AI applications without the information team's knowledge. As a result, administrators can overlook those applications during cybersecurity assessments, leaving potential vulnerabilities unnoticed. Noma has built a software platform that addresses such visibility gaps by automatically mapping out all the AI applications in a corporate network. The software visualizes the assets it finds in a dashboard. Noma displays the employee responsible for each workload, as well as any vulnerabilities the workload may contain. The company says that its platform can find poisoned datasets, or AI training datasets into which hackers inject malicious content. Such content is usually meant to change AI models' behavior. For example, hackers might modify a virus detection algorithm's training dataset in a way that causes it to overlook certain malware strands. Noma also spots a range of other cybersecurity problems. It can detect weak points in the infrastructure that powers an AI application, vulnerable open-source components and malicious models. The software organizes the issues it finds by severity to help administrators prioritize their remediation efforts. Another set of features in Noma's platform focuses on AI agents. The software maps out the systems to which an AI agent has access and scans them for vulnerabilities. Noma also spots related issues, such as configuration settings that give an agent access to more data than it strictly requires. The platform collects security data on AI workloads from the development tools that companies use to build them. As a result, Noma can spot vulnerabilities before they roll out to production. After the rollout, the platform provides guardrails that filter malicious prompts. Securing AI applications is not the only task that Noma promises to speed up for developers. According to the company, its platform can also check how well workloads adhere to regulations such as the EU AI Act. While at it, the software checks evaluates whether applications comply with the licensing terms of the open-source components they incorporate.

Israeli cyber startup Noma Security raises $100 million in private funding round - The Economic Times

Israeli cybersecurity startup Noma Security, whose platform secures enterprise data and AI models against AI agents, said on Thursday it raised $100 million in a private funding round, bringing total funds raised to date to $132 million. Israel's cyber security sector has been active of late and many startups have raised significant sums in funding rounds and in mergers and acquisitions. A surge in cyberattacks, including data breaches and ransomware, has driven demand for more comprehensive defences and fueled interest in cyber firms. On Wednesday, Palo Alto Networks said it would buy Israeli peer CyberArk Software for $25 billion. It follows Alphabet's $32 billion acquisition of Israeli startup Wiz in March. Noma Security's Series B round was led by US-based venture capital firm Evolution Equity Partners, with continued participation from Ballistic Ventures and Israeli firm Glilot Capital. The latest funds, it said, will be used to further expand its operations across North America and Europe, Middle East and Africa and to more rapidly grow its product, research and development teams in Tel Aviv. Noma Security, which was founded in 2023, came into prominence last November after raising $32 million. The company said it helps organisations "identify millions of AI and AI agent risks while simultaneously prioritising and mitigating novel threats at scale." AI agents are AI systems that act autonomously on behalf of users or organisations.