.Expert system (AI) and artificial intelligence (ML) security agency Protect AI on Thursday announced increasing $60 million in Series B funding, which delivers the total increased by the provider to $108.5 million.The new assets round was led by Development Capital Allies, with additional assistance from 01 Advisors, Acrew Capital, Boldstart Ventures, Knollwood Funding, Pelion Ventures, StepStone Group, Samsung, as well as Salesforce Ventures.The company's AI Safety and security Posture Control (AI-SPM) system, which includes five items, offers customers along with complete safety and security abilities as well as ML setting administration.The option gives checking of ML models for hazards, AI/ML expense of materials, an AI/ML risk feed, and LLM protection, observability, and governance functionalities.Shield artificial intelligence also gives AI safety education and learning and knowledge sharing, and sustains identifying and also addressing weakness in AI/ML open resource tasks by means of its own Huntr risk research study neighborhood, which possesses greater than 15,000 participants.The firm will definitely use the new funding to improve its AI-SPM platform and increase development by developing purchases and customer support groups, accelerating trial and error (R&D), and also strengthening channel systems.Structure on a 300% year-over-year crew growth, the company also considers to tap the services of 50 additional specialists due to the end of the year." This extra financing gives the sources to extend our innovation lead through offering much more one-of-a-kind AI safety and security functionalities for each factor of AI-SPM, at every phase of the artificial intelligence growth lifecycle, as well as provide customers across the globe. Our objective is to lead the AI protection category for several years to follow and also help customers develop a more secure AI-powered world," Safeguard AI co-founder as well as CEO Ian Swanson said.Advertisement. Scroll to continue reading.The Series B financing statement came warm on the heels of Protect artificial intelligence acquiring SydeLabs, a San Francisco-based AI protection agency providing automated red teaming of GenAI systems.Associated: Cyber Insurance Policy Carrier Cowbell Raises $60 Million.Related: Cryptography Agency Zama Increases $73 Million for FHE Service.Related: Zip Increases $7.7 Thousand to Extend SMB Cybersecurity Business.Associated: Hypr Increases $25 Thousand for Passwordless Authentication Platform.