Protect AI
Protect AI sold a platform for securing machine learning and AI systems. It covered model scanning, AI posture management, LLM security, generative AI red teaming, runtime protection and AI agent security. Its customers were enterprises and government agencies in finance, healthcare, manufacturing and retail. The company was founded in 2022 in Seattle by Ian Swanson, Daryan Dehghanpisheh and Badar Ahmed. It raised a $35M Series A in 2023 and a $60M Series B in 2024, bringing total funding to about $108.5M. Palo Alto Networks agreed to buy it in April 2025 and closed the deal on July 22, 2025 for about $634.5M in total consideration. Its technology now forms part of Prisma AIRS.
Funding
Every round, secondary, debt facility or acquisition involving Protect AI that AI Lounge tracks, newest first. Latest: Acquisition on Apr 28, 2025.
Timeline · 2
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