Alice Raises $140 Million to Expand Its AI and Risk Technology

The investors include Samsung, SentinelOne, Maj Invest, MoreTech, Phoenix Insurance, Norwest, CRV, Vintage, Grove, and Highland Europe. The new funding will help Alice support its future growth and expansion.

The latest funding brings Alice’s total funding since it was founded to $280 million. The new round also values the company at around $700 million to $800 million.

"There are infinite ways to break an AI, and you can't defend against something you've never seen," said Noam Schwartz, CEO and co-founder of Alice. "We spent nearly a decade learning exactly how people abuse technology at the scale of billions, first on the world's largest platforms and now on the models those same people are probing. We are very quickly democratizing capabilities before we've democratized the defenses. This round is about closing that gap."

"Just as the cloud platform shift created a new category of security, the AI platform shift is opening a rapidly growing attack surface that will only widen as enterprises roll out agents. As adversaries increasingly use AI, defenders can turn to Alice for model testing and guardrails built on the largest proprietary data asset of adversarial techniques. We are excited to partner with Noam and the team as Alice defines the category,” said Patrick Kane, Partner at Apax Digital.

“The world's most sophisticated technology companies choose Alice because its defenses learn: attacks observed in the wild seed the tests, the tests tune the guardrails, and model behavior in production feeds back into both. The loop gets stronger with every observed attack and every new customer,” added Eric Levine, Vice President at Apax Digital.

Alice is a technology company that helps businesses manage their insurance and risk-related tasks more easily.

The company uses technology and AI to make insurance work faster, simpler and more efficient.

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