Knostic’s team, led by Gadi Evron and Sounil Yu. (company pic)
Knostic, an Israeli startup and the pioneering provider of need-to-know access controls for Generative AI, has secured an $11 million investment led by Bright Pixel Capital with follow-on investments from new and previous investors to strengthen enterprise Large Language Model (LLM) security. This funding will fuel Knostic’s mission to support businesses in their AI transformation by integrating a customizable safety layer into leading AI-powered tools, including Microsoft 365 Copilot and Glean. With this latest investment, Knostic’s total funding reaches $14 million, reinforcing its commitment to securing enterprise AI adoption.
Large language models (LLMs) are a cutting-edge form of artificial intelligence that has rapidly transformed how computers understand and generate human language. LLMs are built upon deep learning, a subset of machine learning that uses artificial neural networks with many layers.
LLMs are sophisticated AI systems that have learned to understand and generate human language with remarkable proficiency. Their capabilities are driving innovation across various industries, from customer service and marketing to software development and research.
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Founded in 2023 by veteran cybersecurity experts and innovators Gadi Evron (serial entrepreneur, previously from Citibank and PwC) and Sounil Yu (former Chief Security Scientist at Bank of America), with the goal of ensuring the safe adoption of AI at enterprises at scale, Knostic is the world’s first provider of need-to-know based access controls for Large Language Models (LLMs). With knowledge-centric capabilities, Knostic enables organizations to accelerate the adoption of LLMs and drive AI-powered innovation without compromising value, security, or safety.
Knostic serves as a safety net for LLM tools, earning recognition at the industry’s top tradeshows. Shortly after its market debut, the company was named as a Launch Pad winner at the 2024 RSA Conference and the 2024 Black Hat Startup Spotlight Competition, the only startup to ever be nominated and win both.
“The problem is that these tools just can’t keep a secret, lacking the ability to discern what’s appropriate, in what context — think bonuses, sales revenue, mergers and acquisition information and more,” said Gadi Evron, co-founder and CEO of Knostic. “Businesses can’t adopt these tools without Knostic and we’re grateful our investors recognize this.”
“LLM oversharing is a huge problem that enterprises really need to pay attention to,” shared Adm. Mike Rogers (Ret.), Knostic advisory board member and former NSA Director. “In a world of heightened awareness around data privacy (and thus negative repercussions for disregarding it), Knostic’s technology is crucial for enterprises looking to avoid reputational, legal and financial harm as AI becomes a strategic imperative.”
