Add-on Acquisition • Software

Protect AI Acquires SydeLabs

On July 31, 2024, Protect AI acquired software company SydeLabs

Acquisition Context

This is Protect AI’s 1st transaction in the Software sector.
This is Protect AI’s 1st transaction in India.

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M&A Deal Summary
Date	July 31, 2024
Target	SydeLabs
Sector	Software
Buyer(s)	Protect AI
Deal Type	Add-on Acquisition

Target Company

SydeLabs

Bengaluru, India

SydeLabs is an AI security company specializing in automated red teaming for GenAI systems. SydeLabs has developed SydeBox, a product designed to identify and mitigate vulnerabilities in LLMs. SydeLabs’ products have been adopted by enterprises to make GenAI models and applications safe and secure, giving them the confidence to deploy these systems to production. SydeLabs was formed in 2023 and is based in Bengaluru, India.

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Buyer Overview 1

Buyer

Protect AI

Seattle, Washington, United States

Category	Company
Sector	Information Technology

DESCRIPTION

Protect AI is a cybersecurity company focused on AI & ML systems. Through the delivery of innovative security products and thought leadership in MLSecOps, the company helps customers build a safer AI-powered world. Protect AI is based in Seattle, Washington, with offices in Dallas, Texas, and Raleigh, North Carolina.

Deal Context for Buyer	#
Overall	3 of 3
Sector: Software	1 of 1
Type: Add-on Acquisition	3 of 3
Country: India	1 of 1
Year: 2024	2 of 2

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2024-01-31	Laiyer AI Berlin, Denmark Laiyer AI provides security solutions for addressing the challenges associated with deploying LLMs. Its LLM Guard offers a transparent, open-source alternative that bolsters confidence in deploying LLMs at an enterprise scale. Laiyer AI is based in Berlin, Denmark.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2024-01-31

Laiyer AI

Berlin, Denmark

Laiyer AI provides security solutions for addressing the challenges associated with deploying LLMs. Its LLM Guard offers a transparent, open-source alternative that bolsters confidence in deploying LLMs at an enterprise scale. Laiyer AI is based in Berlin, Denmark.

Buy

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