JERUSALEM, Nov 10 (Reuters) – Israeli AI security startup Bay said on Tuesday it raised $50 million in early round funding after less than a year of working in secrecy with dozens of companies. • Bay says it addresses a primary barrier to AI adoption by “allowing autonomous agents to perform business-critical work safely while […]
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Israeli AI security startup Bay raises $50 million
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JERUSALEM, Nov 10 (Reuters) – Israeli AI security startup Bay said on Tuesday it raised $50 million in early round funding after less than a year of working in secrecy with dozens of companies.
• Bay says it addresses a primary barrier to AI adoption by “allowing autonomous agents to perform business-critical work safely while enterprises retain control and accountability at scale”
• The financing includes $37 million in a Series A round led by Battery Ventures and previously undisclosed $13 million seed funding led by YL Ventures and Striker Venture Partners
• Customers include Micron, Peloton, ClickUp and Wix
• Bay said it will use the funding to expand its product and engineering teams as well as its sales, marketing and customer teams in the United States and Europe
(Reporting by Steven ScheerEditing by David Goodman)