Pluto Security, a startup focused on AI security, raised $42 million in funding as enterprises grapple with new risks from AI tools used by non-developers. The company, which recently emerged from stealth mode, has already achieved $2 million in annual recurring revenue and secured over 30 enterprise customers, including Oscar Health and Sixt.
The funding includes an $8.5 million seed round led by TLV Partners and a $34 million Series A round led by Jump Capital. The company is positioning itself as a leader in addressing the growing security concerns associated with AI adoption in enterprises.
Pluto’s tools help companies monitor and control how employees use AI tools, providing visibility into the risks posed by non-developers. According to Shahar Bahat, CEO and co-founder of Pluto Security, about 60% of the risks her company detects are from tools created by non-developers, with finance departments being the biggest source of such risks.
"In general, I’ll say there was not one POC in which we entered and didn’t find malicious stuff," said Bahat. "Whether those are extension packages or skills — some of them had active live attacks while we did the POC. Which again, for me, product-wise is amazing. For the companies, it’s not very good."
The startup’s approach involves monitoring AI tools and the components they rely on, identifying risky elements, and enforcing security policies without blocking employee use. Pluto’s system can intervene in real-time, stopping actions that exceed user permissions or prompting agents for confirmation.
Pluto also launched a free platform called Plutonium, which allows users to check risks associated with publicly available AI skills and connectors. The platform has gained traction among security professionals, contributing to 70% of Pluto’s sales pipeline coming from inbound interest.
Source: techcrunch
