Kindo Raises $20.6M, Acquires WhiteRabbitNeo to Secure Enterprise AI Adoption

Kindo, an enterprise AI security platform, has raised $20.6 million in funding and acquired open-source security project WhiteRabbitNeo, signaling the growing importance of secure AI adoption in the business world.

Key details of Kindo’s funding and acquisition: The Venice Beach-based startup’s latest round brings its total funding to $27.6 million, enabling the company to accelerate product development, expand sales and marketing efforts, and grow its team:

• Drive Capital led the round, with participation from existing investors RRE Ventures, Marlinspike Partners, Riot Ventures, Eniac Ventures, New Era Ventures, and Sunset Ventures.
• Kindo also acquired WhiteRabbitNeo, an open-source cybersecurity AI model, to develop next-generation security models for AI deployment, combining WhiteRabbitNeo’s AI-powered security with Kindo’s enterprise AI infrastructure and governance expertise.

Addressing the challenges of enterprise AI adoption: Kindo’s platform aims to solve the pain points faced by enterprises in securely adopting and managing AI technologies:

• The platform offers centralized AI governance and security controls, data loss prevention for AI interactions, fine-grained access controls and audit logging, integration with 200+ enterprise SaaS applications, and support for on-premise, cloud, and hybrid deployments.
• Kindo enables CIOs to easily and securely deploy and fully control the use of any AI capability across their organization, supporting various AI models and use cases such as coding assistants, chatbots, and no-code AI agents.

Tackling evolving AI risks with top talent: Kindo’s team brings together security and infrastructure experts from leading tech companies to stay ahead of the curve in AI security:

• The company plans to use the new capital to enhance its AI security and management capabilities through advanced R&D, ensuring it can address the evolving risks associated with AI adoption.
• Kindo’s founding team includes former chief security officers and IT executives from tech unicorns Bird Rides, Clover Health, and Riot Games, as well as talents from Google, OpenAI, and Square.

Broader implications for the enterprise AI landscape: As AI adoption accelerates, Kindo’s innovative approach to AI security positions the company as a trusted partner for businesses navigating the complex landscape of AI governance and compliance:

• The acquisition of WhiteRabbitNeo and the ongoing investments in the open-source community around the project highlight Kindo’s commitment to developing cutting-edge security solutions for enterprise AI deployment.
• With a growing customer base that includes publicly traded companies and leading consumer mobile application and open-source software organizations, Kindo is poised to play a significant role in shaping the future of secure AI adoption in the enterprise market.