TrojAI Raises $5.75M in Seed Funding to Enhance AI Security Solutions and Expand U.S. Operations
TrojAI specializes in securing AI/ML applications and infrastructure, ensuring enterprises' AI deployments are safeguarded against evolving threats.
Company Name: TrojAI
Location: Saint John, NB
Sector: Enterprise Artificial Intelligence (AI) Security Solutions
Funding Details: Raised $5.75M in Seed funding led by Flying Fish, with participation from Build Ventures, Techstars, Alteryx Ventures, and Flybridge Capital Partners.
Purpose of Investment: To expand operations, enhance product development, sales, and marketing efforts, and establish a new office in Boston, Massachusetts.
Leadership: Led by CEO Lee Weiner and CTO James Stewart. Chip Hazard, General Partner and Co-Founder of Flybridge Capital Partners, joins the board.
Product: TrojAI offers a comprehensive AI security platform that protects AI/ML applications and infrastructure from real-time threats. The platform includes a firewall for applications, penetration test models, and remediation guidance prior to deployment to mitigate risk.
About Company: TrojAI specializes in securing AI/ML applications and infrastructure, ensuring enterprises' AI deployments are safeguarded against evolving threats. With plans to expand into the U.S., TrojAI is positioned for growth and increased enterprise adoption.