Wave 7, an AI security start-up, raised $80 million in series A funding just last week. This investment has pushed the company’s valuation up to an astounding $450 million. This financing couldn’t come at a more important time as AI technologies continue to develop and are adopted at breakneck speeds, new security risks emerge. Sequoia Capital was the sole investor in Zoomin’s last funding round, joined by Redpoint Ventures, and Wiz CEO Assaf Rappaport joined their investment.
As a result, the firm’s technical expertise is increasingly becoming the envy of the tech industry. We think this is particularly true of its security evaluations work on leading AI models such as Claude 3.7 Sonnet, OpenAI’s o3, and o4-mini. Omer Nevo and Dan Lahav, the founders of Irregular, make a case for the growing capabilities of large language models. They caution that these breakthroughs will pose difficult new security threats.
Irregular uses advanced network simulations where AI can play the part of the attacker and defender. This new focus allows them to assess and mitigate vulnerabilities in AI systems long before production deployments.
“We have complex network simulations where we have AI both taking the role of attacker and defender,” – Omer Nevo
The AI boom’s potential harms and misuse, alongside the impacts we’re already seeing, are so evident that OpenAI even overhauled its internal security measures this summer. This is exactly the sort of corporate espionage threat their overhaul was designed to counter. This decision draws attention to the general need for strict security protocols in the development of AI.
He further elaborated on the potential future landscape of economic interactions involving AI, stating:
“If the goal of the frontier lab is to create increasingly more sophisticated and capable models, our goal is to secure these models.”
As AI technologies advance, Irregular aims to position itself as a leader in securing these frontier models against emerging threats. The firm plans to take the new capital and make its products even better. This increase will enable it to evolve with the rapidly developing national security AI environment.
“Our view is that soon, a lot of economic activity is going to come from human-on-AI interaction and AI-on-AI interaction, and that’s going to break the security stack along multiple points.”
As AI technologies advance, Irregular aims to position itself as a leader in securing these frontier models against emerging threats. The fresh injection of capital will enable the firm to enhance its offerings and respond to the rapidly changing security landscape in artificial intelligence.