Protect AI, a Seattle-based AI/ML security firm, raised $60M in Series B financing.

The investment round was led by Evolution Equity Partners, including 01 Advisors, StepStone Group, Samsung, and current backers Acrew Capital, boldstart ventures, Knollwood Capital, Pelion Ventures, and Salesforce Ventures.

Protect AI plans to utilize the capital to advance its AI security posture management platform, scale R&D, and expand its customer success teams and sales operations.

Enhancing AI/ML system security, Protect AI’s platform offers end-to-end visibility, control, and governance, now supporting private and public sector entities.

The firm, which recently acquired SydeLabs, aims to strengthen its global presence with offices in Seattle, Berlin, and Bangalore.