In a significant boost to AI security and risk management, SydeLabs, a burgeoning startup, has successfully secured $2.5 million in its seed funding round, spearheaded by RTP Global. This funding endeavour also witnessed robust participation from Picus Capital, alongside prominent angel investors such as Kunal Shah and Sai Srinivas Kiran.
The capital infusion marks a pivotal moment for SydeLabs, which is poised to leverage these funds primarily for research and development initiatives, bolstering its existing product portfolio. Founded by Ruchir Patwa and Ankita Kumari, SydeLabs offers cutting-edge solutions tailored to identify security and safety vulnerabilities inherent in enterprise AI systems. The startup aims to fortify organizations against cybersecurity breaches and misuse by detecting and preempting potential threats in real time.
One of SydeLabs’ strategic objectives involves forging partnerships with leading providers of large language model (LLM) operations, thereby expanding the reach of its innovative solutions. Moreover, the company is diligently developing tools to facilitate regulatory compliance for AI applications across diverse geographical landscapes.
With ambitious targets set in motion, SydeLabs envisions achieving an impressive milestone of $1 million in annual recurring revenue (ARR) by the culmination of 2024. This trajectory underscores the confidence in the startup’s vision and capabilities, propelling it toward sustained growth and industry recognition.
RTP Global, the driving force behind this funding endeavor, boasts a robust track record with over 110 investments worldwide. Industry titans such as Datadog, DeliveryHero, CRED, and SumUp are noteworthy among its portfolio. The partnership between RTP Global and SydeLabs signifies a union of expertise and innovation, poised to redefine the landscape of AI security and risk management on a global scale.
