When was Protect AI founded?

Protect AI was founded in 2022 and raised its 1st funding round within a year of its incorporation.

Where is Protect AI located?

Protect AI is headquartered in Seattle, United States.

Who is the current CEO of Protect AI?

Ian Swanson of Protect AI. They have also founded 1 company.

How many employees does Protect AI have?

As of May 07, 2025, the latest employee count at Protect AI is 124.

Is Protect AI a funded company?

Protect AI is a funded company, having raised a total of $129M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Dec 15, 2022.

How much is Protect AI worth?

The last known valuation of Protect AI was $***** as of Jul 31, 2024.

When was the latest funding round of Protect AI?

Protect AI's latest funding was a $***** Series B round on Jul 31, 2024, with participation from 8 investors. Its primary sector is Cybersecurity. In United States, the Cybersecurity sector has seen $5.43B in funding in 2026 to date.

Where does Protect AI rank among its competitors?

Protect AI ranks 2nd amongst 275 active competitors, of which 52 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Straiker, which secured $64M in Jun, 2026.

Who are the top competitors of Protect AI?

Protect AI's top competitors include Enkrypt AI, Troj Company and Straiker. Among them, Straiker secured the most recent funding round in June, 2026.

Protect AI - 2026 Company Profile, Team, Funding & Competitors

Protect AI is an acquired company based in Seattle (United States), founded in 2022 by Ian Swanson, Daryan Dehghanpisheh and Badar Ahmed. It operates as a Provider of AI-based ML security solutions. Protect AI has raised $129M in funding from investors like Evolution Equity Partners, Boldstart Ventures and Acrew Capital, with last known valuation of $*****. The company has 275 active competitors, including 52 funded and 11 that have exited. Its top competitors include companies like Enkrypt AI, Troj Company and Straiker.

Company Details

Provider of AI-based ML security solutions. It offers enterprises to safeguard the machine learning models with a security platform. It offers turnkey AI and ML security that does not add unnecessary complexity to models and does not require access to raw data and algorithms.

Website: protectai.com
Social
Email ID: *****@protectai.com

Key Metrics

Founded Year

2022

Location

Seattle, United States

Stage

Acquired

Total Funding

$129M in 3 rounds

Latest Funding Round

Series B, Jul 31, 2024, $*****

Last Known Valuation

$***** as on Jul 31, 2024

Investors

Evolution Equity Partners & 13 more

Ranked

2^nd among 275 active competitors

Employee Count

124 as on May 07, 2025

Investment & Acquisitions

SydeLabs & 1 more

Similar Companies

Enkrypt AI & 300 more

Exit Details

Acquired by Palo Alto Networks (Apr 28, 2025)

View Protect AI's full profile

Protect AI is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PROTECT AI, INC. CIN: 6557941 , United States, Active	Jan 21, 2022	-	-	-

Protect AI got acquired by Palo Alto Networks on Apr 28, 2025 at an acquisition amount of $*****.

Click here to take a look at Protect AI's acquisition in detail

Protect AI has raised a total funding of $129M over 3 rounds. Its first funding round was on Dec 15, 2022. Its latest funding round was a Series B round on Jul 31, 2024 for $*****. 8 investors participated in its latest round. Protect AI has 11 institutional investors and 3 angel investors.

Here is the list of recent funding rounds of Protect AI:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 31, 2024	7575902	Series B	4002376	9523091	4675703	7256133
Jul 26, 2023	3468452	Series A	7014128	6343136	3254419	Salesforce Ventures & 4 more
Dec 15, 2022	3372194	Seed	1239461	7482209	Acrew Capital & 1 more	Pelion Venture Partners & 5 more

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View details of Protect AI's funding rounds and investors

The founders of Protect AI are Ian Swanson, Daryan Dehghanpisheh and Badar Ahmed. Ian Swanson is the CEO of Protect AI.

Here are the details of Protect AI's key team members:

Ian Swanson: Co-Founder & CEO of Protect AI and founder of 1 other company. They serve on the board of 1 company.
Contact Info: 1 email address
Daryan Dehghanpisheh: Co-Founder of Protect AI. They serve on the board of 1 company.
Contact Info: 1 email address
Badar Ahmed: Co-Founder & CTO of Protect AI. They serve on the board of 1 company.
Contact Info: 1 email address

Protect AI's Board of Directors

Protect AI's board has 5 active members. Richard Seewald, Ian Swanson, Daryan Dehghanpisheh, Badar Ahmed and Mark Kraynak are independent board members.

Here is the list of Protect AI's board of directors:

Name	Type	Representing	Status	Duration
Richard Seewald	Independent board member	-	Current	1y 11m
{mksooe	Independent board member	-	Current	8y 1m
xhdflf{	Independent board member	-	Current	7y 4m
njshbqo	Independent board member	-	Current	9y 3m
nakxsnf	Independent board member	-	Current	8y 7m

View details of Protect AI's Founder profiles and Board Members

Protect AI's employee count trend

Protect AI has 124 employees as of May 25. Here is Protect AI's employee count trend over the years:

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Top competitors of Protect AI include Enkrypt AI, Troj Company and Straiker. Here is the list of Top 10 competitors of Protect AI, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Enkrypt AI 2022, Brighton (United States), Seed	Provider of a platform for AI security and compliance solutions	$2.35M	BoldCap, Arka Venture Labs & 5 others	69/100
2nd	Protect AI 2022, Seattle (United States), Acquired	Provider of AI-based ML security solutions	$129M	In-Q-Tel, Pelion Venture Partners & 12 others	68/100
3rd	Troj Company 2019, Saint John (Canada), Acquired	Provider of a platform securing artificial intelligence models and applications	$11.4M	Flying Fish Ventures, Build Ventures & 6 others	62/100
4th	Straiker Sunnyvale (United States), Series A	Provider of security software for monitoring and protecting autonomous agents	$85M	Workday Ventures, Illuminate Financial & 4 others	61/100
5th	NeuralTrust 2022, Barcelona (Spain), Seed	Platform for securing and scaling LLM applications and agents	$20M	Alstin Capital, Venture Friends & 5 others	61/100
6th	Virtue AI 2014, San Francisco (United States), Series A	Provider of AI security and compliance platform	$30M	Lightspeed Venture Partners, FactoryHQ & 6 others	60/100
7th	Lakera 2021, Zurich (Switzerland), Acquired	Developer of AI and SaaS-based observability platform for computer vision developers	$30M	Atomico, Redalpine & 6 others	59/100
8th	Witness 2023, San Mateo (United States), Series B	Security and governance guardrails for large language models	$85.5M	Google Ventures, SentinelOne & 7 others	59/100
9th	Protecto 2021, San Jose (United States), Seed	Provider of AI data security and privacy guardrail solutions	$5M	Together, Better Capital & 3 others	58/100
10th	Liminal 2017, Denver (United States), Series A	Horizontal security for Generative AI	$17M	Fin Capital, Craft Ventures & 2 others	58/100