- Name of the Company: SydeLabs
- Industry: Artificial Intelligence and Risk Management
- Funding Amount: $2.5 million
- Funding Date: Not specified
- Dilution Percentage: Not specified
- Date of Inception: 2023
- Details About the Founder: Founded by Ruchir Patwa and Ankita Kumari
Funding Announcement: SydeLabs, a pioneer in artificial intelligence-led risk management solutions, has successfully secured $2.5 million in a seed funding round. The investment round was led by RTP Global, with additional contributions from Picus Capital and notable angel investors like Kunal Shah and Sai Srinivas Kiran.
Expansion Plans and Product Development: The funding will be instrumental in accelerating SydeLabs’ research and development efforts. The company aims to further enhance its existing product portfolio, particularly focusing on its innovative solutions for identifying vulnerabilities in generative AI models and applications.
About SydeLabs: Since its inception in 2023, SydeLabs has been at the forefront of revolutionizing AI security and risk management. The company’s core offerings include Syde Box, a cutting-edge tool for detecting vulnerabilities in AI models, and Syde Guard, a real-time firewall designed to track security vulnerabilities post-deployment.
Founder’s Vision: Ankita Kumari, Co-founder of SydeLabs, emphasized the critical role of early vulnerability detection in AI production cycles. She expressed confidence that the funding would significantly contribute to SydeLabs’ mission of ensuring robust security measures for enterprises utilizing AI technologies.
Client Base and Future Prospects: SydeLabs has already established a strong presence, working with over 10 enterprises in India and the US. Within a short span of four months, the company has successfully deployed its products across 50 AI applications. With plans to achieve $1 million in annual recurring revenue (ARR) by the end of 2024, SydeLabs is poised for rapid growth and expansion in the AI security sector.