StepStone Group
Facts
- HQ
- New York / Global
- Sectors
- Private equity, Infrastructure, Real estate, Private debt, Investment management
- Stage
- Public
Overland AI Raises $100M Led by 8VC to Expand ULTRA Autonomous Vehicles for U.S. Military
Seattle-based Overland AI raised $100 million led by 8VC to meet military demand for its ULTRA autonomous ground vehicles, expanding its technology for off-road, GPS-denied environments. The company, spun out of the University of Washington in 2022, partners with various U.S. military divisions and has raised over $140 million to date.
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.
By StepStone Group
StepStone and PitchBook Launch SPI Deal Benchmarking for Detailed Private Markets Performance Data
StepStone Group and PitchBook have launched SPI Deal Benchmarking, a deal-level benchmarking solution now integrated into PitchBook workflows, providing granular private equity and infrastructure performance data. This tool enables fund managers and investors to analyze detailed deal metrics and enhance decision-making with institutional-grade insights.
