.Artificial intelligence (AI) and also machine learning (ML) safety and security company Safeguard AI on Thursday introduced increasing $60 million in Series B financing, which carries the overall raised by the business to $108.5 thousand.The brand-new expenditure cycle was led by Progression Capital Partners, with added support from 01 Advisors, Acrew Capital, Boldstart Ventures, Knollwood Funding, Pelion Ventures, StepStone Team, Samsung, and also Salesforce Ventures.The firm's AI Safety Stance Control (AI-SPM) platform, which includes five items, supplies consumers along with detailed safety capacities as well as ML setting administration.The solution supplies checking of ML models for dangers, AI/ML costs of materials, an AI/ML danger feed, and also LLM security, observability, and governance capabilities.Shield AI also supplies artificial intelligence safety and security education as well as know-how sharing, as well as sustains pinpointing as well as taking care of weakness in AI/ML available source ventures with its own Huntr risk investigation community, which possesses greater than 15,000 members.The business will certainly use the brand-new financing to strengthen its AI-SPM platform and also accelerate development through increasing sales as well as client help staffs, advancing trial and error (R&D), and also building up channel systems.Building on a 300% year-over-year team growth, the provider likewise intends to hire 50 additional specialists due to the end of the year." This extra funding offers the sources to prolong our technology lead through offering much more special AI protection capabilities for every component of AI-SPM, at every phase of the AI advancement lifecycle, and provide clients around the world. Our mission is to lead the AI security category for many years to come as well as assist clients build a safer AI-powered planet," Defend AI co-founder and also chief executive officer Ian Swanson said.Advertisement. Scroll to continue analysis.The Collection B backing news came hot on the heels of Protect AI obtaining SydeLabs, a San Francisco-based artificial intelligence safety agency supplying automated red teaming of GenAI systems.Connected: Cyber Insurance Carrier Cowbell Elevates $60 Million.Connected: Cryptography Agency Zama Raises $73 Million for FHE Option.Connected: Zip Elevates $7.7 Million to Grow SMB Cybersecurity Organization.Associated: Hypr Raises $25 Thousand for Passwordless Verification System.