[Funding alert] AI Security and Risk Management Startup SydeLabs Raises $2.5 Mn Seed Funding

SydeLabs, which specializes in AI security and risk management, has secured $2.5 million (INR 20.8 crore) in a seed funding round headed by RTP Global.

Along with prominent angel investors like Sai Srinivas Kiran, the founder of Mobile Premier League, and Cred founder Kunal Shah, Picus Capital also participated in the round.

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The capital will go towards research and development as well as product development at SydeLabs.

As of right now, it offers two products: Syde Box, which aids in the identification of flaws in artificial intelligence (AI) models, and Syde Guard, a real-time barrier that monitors security flaws following the deployment of AI applications, as reported by The Economic Times.

“Most enterprises use one of the open-source foundational models out there and then build the context of their enterprises on top of it (to launch AI applications),” Ankita Kumari, co-founder of SydeLabs told ET.

Currently working with over ten companies in India and the US, San Francisco-based SydeLabs has both of its products in beta. Bengaluru is home to its tech team.

About SydeLabs

Founded by Ruchir Patwa and Ankita Kumari in 2023, SydeLabs lets users preempt vulnerabilities in genAI applications and get real-time protection against attacks and abuse while staying compliant.

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