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 Mar 31, 2026, the latest employee count at Protect AI is 32.

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.

Where does Protect AI rank among its competitors?

Protect AI ranks 1st amongst 139 active competitors, of which 45 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Witness, which secured $58M in Jan, 2026.

Who are the top competitors of Protect AI?

Protect AI's top competitors include Enkrypt AI, SSI and Aurascape. Among them, Witness secured the most recent funding round in January, 2026.

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

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

1^st among 139 active competitors

Employee Count

32 as on Mar 31, 2026

Investment & Acquisitions

SydeLabs & 1 more

Similar Companies

Enkrypt AI & 163 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 $500M. It was facilitated by Morrison & Foerster.

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	2453750	Series B	7440432	8240317	8210972	6239242
Jul 26, 2023	7895130	Series A	8095459	4265979	4409361	Salesforce Ventures & 4 more
Dec 15, 2022	4030298	Seed	2964048	4518416	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, Badar Ahmed 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
Badar Ahmed: CTO and Founder of Protect AI.

Protect AI's Board of Directors

Protect AI's board has 5 active members. Richard Seewald, Ian Swanson, Mark Kraynak, Daryan Dehghanpisheh and Badar Ahmed 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 5m
jzxqojx	Independent board member	-	Current	4y 2m
bx{vgvz	Independent board member	-	Current	1y 7m
u{bvzph	Independent board member	-	Current	5y 3m
xrlrdve	Independent board member	-	Current	5y 4m

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

Protect AI's employee count trend

Protect AI has 32 employees as of Mar 26. Here is Protect AI's employee count trend over the years:

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Top competitors of Protect AI include Enkrypt AI, SSI and Aurascape. 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	Protect AI 2022, Seattle (United States), Acquired	Provider of AI-based ML security solutions	$129M	Boldstart Ventures, Pelion Venture Partners ... & 12 others	68/100
2nd	Enkrypt AI 2022, United States, Seed	Provider of a platform for artificial intelligence security and compliance	$2.35M	BoldCap, Kubera Venture Capital & 5 others	64/100
3rd	SSI 2024, Palo Alto (United States), Series A	Platform offering security solutions for AI models	$3B	SV Angel, DST Global & 9 others	64/100
4th	Aurascape 2024, Santa Clara (United States), Series A	Provider of an AI-native security layer for enterprise AI application usage	$62.8M	Mayfield, Menlo Ventures & 5 others	61/100
5th	Troj Company 2019, Saint John (Canada), Seed	Provider of a platform securing artificial intelligence models and applications	$11.4M	Flying Fish Ventures, Build Ventures & 6 others	60/100
6th	Protecto 2021, San Jose (United States), Seed	Provider of AI data security and privacy guardrail solutions	$5M	Together, Arali Ventures & 3 others	59/100
7th	Prophet Security 2024, Palo Alto (United States), Series A	AI-based security solutions	$41M	Accel, Bain Capital Ventures	58/100
8th	Apex 2023, Tel Aviv (Israel), Acquired	AI based security and risk management platform for businesses	$7M	Index Ventures, Sequoia Capital & 1 others	57/100
9th	Lakera 2021, Zurich (Switzerland), Acquired	Developer of AI and SaaS-based observability platform for computer vision developers	$30M	Atomico, Redalpine & 5 others	57/100
10th	Liminal 2017, Denver (United States), Series A	Horizontal security for Generative AI	$17M	Fin Capital, Craft Ventures & 2 others	56/100