Protectt.ai acquires majority stake in AIShield to expand AI security business
Protectt.ai Labs has acquired a majority stake in AIShield, an artificial intelligence (AI) security platform incubated at Bosch Global Software Technologies (BGSW), through a combination of a primary share issuance and a secondary purchase from existing investors.
Following the investment, AIShield will operate as an independent company, AIShield Private Limited (AISW), under Protectt.ai. The companies said the investment would support product development, research and development (R&D), and expansion into international markets. Financial details of the transaction were not disclosed in the announcement.
The partnership brings together Protectt.ai’s mobile application security business and AIShield’s technology for securing AI systems. Protectt.ai plans to use AIShield’s capabilities alongside its existing customer relationships, particularly in regulated sectors such as banking, financial services and insurance (BFSI).
AIShield offers security tools for AI systems
AIShield’s platform addresses security risks associated with the development and deployment of AI applications. Its capabilities include security assessments, red teaming, runtime...
Copyright of this story solely belongs to www.expresscomputer.in. To see the full text click HERE
