Knostic has secured $11 million in a new funding round aimed at advancing its goal of preventing data leaks in Enterprise AI. The round was led by Bright Pixel Capital, with participation from existing investors DNX Ventures, Seedcamp, and angel investor Kevin Mahaffey, the founder of Lookout.
New contributors to this funding include Silicon Valley CISO Investments (SVCI) and individuals such as Gerhard Eschelbeck, Keith Bunch, Zach Jakob, and Elad Cohen. Knostic previously raised $3.3 million in pre-seed funding in April 2024.
The Knostic platform is designed to help enterprises safely implement AI by providing need-to-know access controls compatible with large language models like Microsoft 365 Co-Pilot and Glean. The new funding will primarily focus on product development.
Gadi Evron, Co-Founder and CEO of Knostic, commented, “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.
“Businesses can’t adopt these tools without Knostic, and we’re grateful our investors recognize this.”
Knostic has experienced a strong year, achieving 9 deployments of its solution and gaining recognition for its offerings. The company triumphed in RSAC’s Launch Pad and Black Hat’s Startup Spotlight competitions. Notably, the announcement highlights that the investment appears to be directed primarily towards the product itself, with minimal emphasis on sales and marketing. Currently, the firm is looking to hire engineers and a new VP of Product, suggesting that the majority of the investment is focused on research and development.
Sounil Yu, Co-Founder and CTO of Knostic, said, “Unlike traditional access controls, which limit our options to just allowing or denying access, need-to-know policies enable LLM answers that can be reshaped to fit within the user’s own business context. Need-to-know boundaries allow enterprises to accelerate their AI adoption without compromising security.”
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