Acrew Capital
Facts
- HQ
- Palo Alto, California, US
- Sectors
- Venture Capital and Private Equity Principals
- Founded
- 2019
- Employees
- 51
Seattle Cybersecurity Startup Protect AI, Founded by Ian Swanson, Acquired by Palo Alto Networks
Seattle-based cybersecurity startup Protect AI, founded by Ian Swanson and co-founders, was acquired by Palo Alto Networks after addressing AI security gaps in enterprises. Swanson leveraged his experience with previous startups and AWS to pivot Protect AI towards securing large-scale machine learning deployments, coinciding with increased AI adoption following ChatGPT's popularity.
Palo Alto Networks to Acquire Seattle AI Cybersecurity Startup Protect AI for Over $500 Million
Palo Alto Networks plans to acquire Seattle-based AI cybersecurity startup Protect AI, founded in 2022, for an estimated $500 million or more, aiming to strengthen its AI security offerings. Protect AI, which serves Fortune 500 clients and recently raised $60 million at a $400 million valuation, focuses on protecting machine learning systems amid rising AI-related breaches.
Seattle Startup Abett Raises $11.6M Series A to Expand Healthcare Data Platform for Employers
Seattle startup Abett raised $11.6 million in a Series A funding round to enhance its Lockbox platform, which helps large employers manage and analyze employee healthcare data to reduce costs. Led by CEO Mike Hanlon, the company benefits from recent healthcare data transparency laws and now employs 47 people.
