Source: TechCrunch
Summary
HiddenLayer, an AI security startup, has secured $100 million in Series B funding led by Delta-v Capital, with participation from Ten Eleven Ventures, Morgan Stanley, Microsoft’s M12, and Booz Allen Hamilton. The company develops tools to detect and respond to security threats using machine learning. The funding aims to expand its product offerings and customer base. The round brings the company’s total funding to $160 million.
Our Reading
The launch follows a familiar script.
Another AI security startup gets big money from big names.
Machine learning is the new magic bullet for every problem.
Big investors are betting on the same old idea again.
It’s just a rebrand of old security tools with a new buzzword.
Author: Evan Null
