Latest news with #AIsecurity
Malay Mail
4 days ago
- Business
- Malay Mail
Gorilla Technology Reports First Quarter 2025: Profitability, Global Execution and Momentum Drive 109% Revenue Increase
Exceptional Revenue Growth: Q1 2025 revenue rose to $18.3 million, driven by several mission-critical global agreements. This performance cements Gorilla's operational strength, market credibility and leadership in AI-powered security and infrastructure. Q1 2025 revenue rose to $18.3 million, driven by several mission-critical global agreements. This performance cements Gorilla's operational strength, market credibility and leadership in AI-powered security and infrastructure. Strong Balance Sheet: Gorilla ended Q1 with a healthy $33.8 million in cash, including $20.8 million in unrestricted cash. This solid liquidity base provides flexibility to execute on opportunities and power future expansion. Gorilla ended Q1 with a healthy $33.8 million in cash, including $20.8 million in unrestricted cash. This solid liquidity base provides flexibility to execute on opportunities and power future expansion. Disciplined Debt Reduction: Gorilla cut debt to $18.4 million , down from $21.4 million at year-end 2024, freeing up pledged deposits and sharpening capital efficiency. We will continue to deleverage aggressively wherever it strengthens value and remains cash-neutral, reinforcing a balance sheet built for scale and speed. Gorilla cut debt to , down from $21.4 million at year-end 2024, freeing up pledged deposits and sharpening capital efficiency. We will continue to deleverage aggressively wherever it strengthens value and remains cash-neutral, reinforcing a balance sheet built for scale and speed. Adjusted EBITDA: Reached $5.16 million, up from $3.50 million in Q1 2024, a 47.5% year-on-year increase that underscores Gorilla's expanding operating leverage, disciplined execution and profitable growth trajectory. Reached $5.16 million, up from $3.50 million in Q1 2024, a 47.5% year-on-year increase that underscores Gorilla's expanding operating leverage, disciplined execution and profitable growth trajectory. Adjusted net income: Rose 46.7%, to $4.47 million, compared to $3.05 million in the prior-year quarter, highlighting strong underlying earnings power and margin control despite global scale-up Rose 46.7%, to $4.47 million, compared to $3.05 million in the prior-year quarter, highlighting strong underlying earnings power and margin control despite global scale-up Adjusted EPS: Climbed to $0.23, marking a sharp turnaround from a basic loss per share of $1.47 in Q1 2024. Climbed to $0.23, marking a sharp turnaround from a basic loss per share of $1.47 in Q1 2024. Strategic Investment in Long-Term Value: Our SAFE investment in One Amazon strengthens a game-changing partnership at the heart of global sustainability. As the core technology partner, Gorilla is deploying large-scale IoT infrastructure across the Amazon rainforest, cementing our position as a front-runner in climate intelligence and next-generation environmental innovation. Our SAFE investment in strengthens a game-changing partnership at the heart of global sustainability. As the core technology partner, Gorilla is deploying large-scale IoT infrastructure across the Amazon rainforest, cementing our position as a front-runner in climate intelligence and next-generation environmental innovation. Accelerating Global Momentum: Gorilla's pipeline now exceeds $5 billion, consisting of qualified leads where we have determined that there is a will and a budget to move forward and that we can close a deal within the next 12 months. This has been fueled by rapid expansion across the United States, MENA, Southeast & East Asia, South America and the United Kingdom. Our growing contract base, execution track record and market demand position us not just as a growth story, but as a global force in AI-powered transformation. GORILLA TECHNOLOGY GROUP INC. AND SUBSIDIARIES UNAUDITED CONDENSED QUARTERLY CONSOLIDATED BALANCE SHEETS AS OF MARCH 31, 2025 AND DECEMBER 31, 2024 (Expressed in United States dollars) Items March 31, 2025 (Unaudited) December 31, 2024 (Audited) Assets Current assets Cash and cash equivalents $ 20,813,810 $ 21,699,202 Financial assets at fair value through profit or loss - current 1,000 1,000 Restricted deposits - current 12,959,625 15,773,099 Unbilled receivables (Contract assets) 44,289,520 34,306,195 Accounts receivable, net 25,621,462 25,670,157 Inventories 5,138 5,199 Prepayments - current 22,707,832 28,632,212 Other receivables, net 385,234 432,696 Other current assets 137,547 151,816 Total current assets 126,921,168 126,671,576 Non-current assets Property and equipment 14,899,703 14,939,143 Right-of-use assets 466,391 505,345 Intangible assets 2,830,788 2,931,661 Deferred income tax assets 7,401,420 6,938,213 Prepayments - non-current 287,483 315,304 Financial assets at fair value through profit or loss - non-current 1,500,000 - Other non-current assets 1,456,777 1,494,740 Total non-current assets 28,842,562 27,124,406 Total assets $ 155,763,730 $ 153,795,982 Items March 31, 2025 (Unaudited) December 31, 2024 (Audited) Liabilities and Equity Liabilities Current liabilities Short-term borrowings $ 12,609,505 $ 15,073,458 Contract liabilities 264,919 273,227 Accounts payable 22,681,772 26,039,076 Other payables 2,291,424 2,451,135 Provisions - current 58,994 37,673 Lease liabilities - current 209,531 210,448 Current income tax liabilities 10,029,276 9,028,829 Warrant liabilities 1,039,726 20,082,272 Long-term borrowings, current portion 1,888,708 1,972,371 Other current liabilities, others 87,543 142,796 Total current liabilities 51,161,398 75,311,285 Non-current liabilities Long-term borrowings 3,886,654 4,372,188 Provisions - non-current 37,989 22,013 Deferred income tax liabilities 221,950 42,897 Lease liabilities - non-current 485,201 579,699 Guarantee deposits received 359,788 364,047 Total non-current liabilities 4,991,582 5,380,844 Total liabilities 56,152,980 80,692,129 Equity Equity attributable to owners of parent Share capital Ordinary share 21,407 19,443 Capital surplus Capital surplus 287,234,895 254,585,267 Retained earnings Accumulated deficit (152,797,036) (148,238,729 ) Other equity interest Financial statements translation differences of foreign operations (1,641,888) (55,500 ) Treasury shares (33,206,628) (33,206,628 ) Equity attributable to owners of the parent 99,610,750 73,103,853 Total equity 99,610,750 73,103,853 Significant contingent liabilities and unrecognized contract commitments - - Total liabilities and equity $ 155,763,730 $ 153,795,982 GORILLA TECHNOLOGY GROUP INC. AND SUBSIDIARIES UNAUDITED CONDENSED QUARTERLY CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS THREE MONTHS ENDED MARCH 31, 2025 AND 2024 Three Months Ended March 31 Items 2025 (Unaudited) 2024 (Unaudited and Unreviewed) Revenue $ 18,258,999 $ 8,736,068 Cost of revenue (11,850,617 ) (1,299,438 ) Gross profit 6,408,382 7,436,630 Operating expenses: Selling and marketing expenses (330,647 ) (387,838 ) General and administrative expenses (3,458,299 ) (3,122,292 ) Research and development expenses (570,240 ) (846,355 ) Currency exchange losses, net* (4,418,096 ) (6,455,655 ) Fair value remeasurement of financial instruments (1,838,049 ) (8,037,431 ) Other income 46,361 18,544 Other losses, net (8,497 ) (31,191 ) Total operating expenses (10,577,467 ) (18,862,218 ) Operating loss (4,169,085 ) (11,425,588 ) Non-operating income (expenses) Interest income 562,792 173,298 Finance costs (154,992 ) (218,789 ) Total non-operating income (expenses) 407,800 (45,491 ) Loss before income tax (3,761,285 ) (11,471,079 ) Income tax expense (797,022 ) (51,747 ) Loss for the period (4,558,307 ) (11,522,826 ) Other comprehensive loss Components of other comprehensive loss that may not be reclassified to profit or loss Remeasurement of defined benefit plans - 3,223 Components of other comprehensive loss that may be reclassified to profit or loss Exchange differences on translation of foreign operations (1,586,388 ) (1,191,786 ) Other comprehensive loss for the period, net of tax (1,586,388 ) (1,188,563 ) Total comprehensive loss for the period (6,144,695 ) (12,711,389 ) Loss per share Basic loss per share $ (0.23 ) $ (1.47 ) Diluted loss per share $ (0.23 ) $ (1.47 ) Weighted average shares of ordinary shares outstanding Basic 19,497,913 7,864,962 Diluted 19,497,913 7,864,962 GORILLA TECHNOLOGY GROUP INC. AND SUBSIDIARIES UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS THREE MONTHS ENDED MARCH 31, 2025 AND 2024 Three Months Ended March 31 2025 (Unaudited) 2024 (Unaudited and Unreviewed) CASH FLOWS FROM OPERATING ACTIVITIES Loss before tax $ (3,761,285 ) $ (11,471,079 ) Adjustments Adjustments to reconcile loss Expected credit losses 6,110 - Depreciation expenses 153,083 134,665 Amortization expenses 154,387 220,837 Gain on disposal of property, plant and equipment - (73 ) Share-based payment expenses 271,050 - Share-based compensation expenses 216 (137,558 ) Interest expense 154,992 218,789 Interest income (562,792 ) (173,298 ) Unrealized exchange loss 4,624,595 6,413,610 Losses on financial liabilities at fair value through profit or loss 1,838,049 8,037,430 Losses on financial assets at fair value through profit or loss - 19,978 Changes in operating assets and liabilities Changes in operating assets Unbilled receivables (Contract assets) (18,224,234 ) (6,844,922 ) Accounts receivable, net 988,290 1,352,608 Inventories - (946 ) Prepayments 6,743,194 193,630 Other receivables - 9,187 Other current assets 15,707 67,079 Other non-current assets - 24,573 Changes in operating liabilities Contract liabilities (4,750 ) (48,645 ) Accounts payable (3,328,962 ) (1,377,745 ) Other payables (121974 ) (407,626 ) Provisions 38,251 (48,682 ) Other current and non-current liabilities (56,910 ) 73,450 Cash outflow generated from operations (11,072,983 ) (3,744,738 ) Interest received 610,494 170,112 Interest paid (184,878 ) (150,651 ) Tax paid (12,499 ) (15,033 ) Net cash flows used in operating activities (10,659,866 ) (3,740,310 ) Three Months Ended March 31 2025 (Unaudited) 2024 (Unaudited and unreviewed) CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES Acquisition of property and equipment (237,893 ) (104,144 ) Acquisition of intangible assets (54,230 ) (23,859 ) Investment in financial assets at fair value through profit or loss - non-current (1,500,000 ) - Disposal (increase) in financial assets at amortized cost 2,699,420 (3,441 ) Decrease in guarantee deposits 40,942 28,879 Net cash flows from (used in) investing activities 948,239 (102,565 ) CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from short-term borrowings 8,002,807 7,000,210 Repayments of short-term borrowings (10,270,816 ) (6,172,559 ) Repayments of long-term borrowings (500,531 ) (366,296 ) Principal repayment of lease liabilities (95,268 ) (45,981 ) Proceeds from preferred shares and private warrants 11,499,731 9,650,000 Net cash flows from financing activities 8,635,923 10,065,374 Effect of foreign exchange rate changes 190,312 (1,509,558 ) Net (decrease) increase in cash and cash equivalents (885,392 ) 4,712,941 Cash and cash equivalents at beginning of the period 21,699,202 5,306,857 Cash and cash equivalents at end of the period $ 20,813,810 $ 10,019,798 Three Months Ended March 31 Items 2025 (Unaudited and Unreviewed) 2024 (Unaudited and Unreviewed) (Amount in USD) Operating loss (IFRS) $ (4,169,085 ) $ (11,425,588 ) Add: Exchange loss from currency devaluation 7,188,047 6,533,377 Add: Fair value remeasurement of financial instruments 1,838,049 8,037,430 Adjusted Operating income (Non-IFRS) $ 4,857,011 $ 3,145,219 Add: Depreciation expenses 153,083 134,665 Add: Amortization expenses 154,387 220,837 Adjusted EBITDA (Non-IFRS) $ 5,164,481 $ 3,500,721 Three Months Ended March 31 Items 2025 (Unaudited and Unreviewed) 2024 (Unaudited and Unreviewed) (Amount in USD) Net loss (IFRS) $ (4,558,307) $ (11,522,826 ) Add: Exchange loss from currency devaluation 7,188,047 6,533,377 Add: Fair value remeasurement of financial instruments 1,838,049 8,037,430 Adjusted Net income (Non-IFRS) $ 4,467,789 $ 3,047,981 [email protected] London, United Kingdom--(Newsfile Corp. - June 18, 2025) -Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology, today reported financial results for Q1 2025 which ended 31 March, highlights Include:'Gorilla has launched into 2025 with power, precision and clarity of purpose. This quarter is not just a performance milestone - it is proof of trajectory. Revenue is up, margins are firm and profitability is no longer aspirational, it is embedded. With momentum on our side, we are no longer just building our pipeline, we are, compounding growth across borders and deepening trust with some of the world's most ambitious partners.''From reshaping energy infrastructure in Thailand to enabling climate-tech at scale in the Amazon, Gorilla is fast becoming the default partner for governments and mid-sized enterprises looking to future-proof their nations. With a strong revenue pipeline and cash base, as well as our relentless operational focus, we are entering our next phase - one of acceleration, execution and measurable value creation.'(Expressed in United States dollars)* During the three months ended March 31, 2025 and 2024, net currency exchange losses amounted to $7,188,047 and $6,533,377, respectively, due to devaluation of monetary assets denominated in the Egyptian pound arising from the sharp depreciation of the Egyptian pound against the U.S. dollar in March 2024.(Expressed in United States dollars)Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for more information, please visit our website: This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Gorilla's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "might" and "continues," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our beliefs about future revenues, our ability to attract the attention of customers and investors alike, Gorilla's ability to win additional projects and execute definitive contracts related thereto, along with those other risks described under the heading "Risk Factors" in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the "SEC") on April 30, 2025 and those that are included in any of Gorilla's future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable GentryRedChip Companies, Inc.1-407-644-4256 The issuer is solely responsible for the content of this announcement.
Zawya
6 days ago
- Business
- Zawya
SentinelOne fuels Egypt's Vision 2030 with AI-powered innovations
CAIRO, EGYPT - Digital transformation is well under way in Egypt, and SentinelOne® (NYSE: S), a global leader in AI-powered security, is out to accelerate it. The company recently participated in CAISEC 2025, where it highlighted the power of its AI-powered innovations in securing critical infrastructure, cloud workloads and identities. 'With digital threats evolving faster than ever, our autonomous, AI-driven platform gives organizations the power to detect and remediate threats in real time. CAISEC 2025 was an ideal platform for us to showcase SentinelOne's innovation and capabilities to organizations across Africa,' said Ezzeldin Hussein, Regional Senior Director of Solution Engineering at SentinelOne. At the event, SentinelOne showed Purple AI Athena, the first agentic AI security analyst that automates threat investigations and response, in action, alongside Singularity Hyperautomation for machine-speed detection, orchestration and remediation, and Autonomous SOC capabilities that shift organizations from reactive to proactive security operations. The company also highlighted its unified endpoint, cloud and identity protection, offering complete visibility across hybrid environments and aligning with Egypt's priorities on cloud modernization and compliance. Speaking on a panel titled 'Securing Digital Identity in a Hyperconnected World', which explored the rising complexity of identity protection in today's digitally connected environment, Ezzeldin Hussein shared real-world examples of AI-driven identity attacks and deepfake techniques and explained how SentinelOne's behavioral AI identifies anomalies and accelerates zero-trust strategies, addressing challenges from fragmented systems to rapid cloud adoption. The panel also examined how AI is not only transforming threat detection but redefining how organizations manage and authenticate users internally. SentinelOne's presence at CAISEC 2025 underscored four key market trends: the urgent need for AI and hyperautomation to scale cyber defense, a shift toward platform consolidation to simplify security operations, the elevation of cyber resilience as a boardroom priority, and a growing emphasis on cloud- native security. 'Egypt, is a strategic hub for innovation and a gateway to the Middle East and Africa, and we are proud to support Egypt's Vision 2030 by delivering innovative solutions that protect critical infrastructure, accelerate cloud modernization and strengthen cyber resilience across the region,' Hussein said. About SentinelOne SentinelOne is a leading AI-powered cybersecurity platform. Built on the first unified Data Lake, SentinelOne empowers the world to run securely by creating intelligent, data-driven systems that think for themselves, stay ahead of complexity and risk, and evolve on their own. Leading organizations—including Fortune 10, Fortune 500, and Global 2000 companies, as well as prominent governments - trust SentinelOne to Secure Tomorrow™. Learn more at
Entrepreneur
13-06-2025
- Business
- Entrepreneur
Repello AI Raises USD 1.2 Million Seed Round, Launches GenAI Security Platforms
"We're at an inflection point where AI adoption is accelerating faster than security solutions can keep pace," says Aryaman Behera, Co-founder and CEO of Repello AI You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Repello AI, a San Francisco and Bengaluru-based startup focused on AI security, has raised USD 1.2 million in seed funding to advance its mission of safeguarding generative AI (GenAI) systems. Founded in 2024 by IIT Roorkee alumni Aryaman Behera and Naman Mishra, the company is addressing a rising concern among enterprises: the growing vulnerability of GenAI applications to complex and evolving cyber threats. The seed round saw participation from Venture Highway (acquired by General Catalyst), pi Ventures, Entrepreneur First, and angel investors including Charles Songhurst (Board Member, Meta), Vivek Raghavan (CEO, and Satya Vyas (CEO, Project Hero). With the fresh capital, Repello AI plans to accelerate product development, expand its red teaming and threat intelligence capabilities, and scale go-to-market operations. As part of its launch, Repello AI introduced two security platforms—ARTEMIS and Repello Guard—designed to help enterprises continuously identify and mitigate AI-specific risks. ARTEMIS (Automated Red Teaming Engine for Mapping, Identification and Scanning) performs millions of adversarial tests across modalities like text, image, and audio to proactively uncover vulnerabilities in GenAI systems and provide actionable fixes. Repello Guard complements this by offering runtime protection through threat monitoring and guardrails, detecting unsafe outputs, system prompt leaks, and brand-damaging content in real time. "We're at an inflection point where AI adoption is accelerating faster than security solutions can keep pace," said Aryaman Behera, Co-founder and CEO of Repello AI. "Enterprises are deploying generative AI across every function, but they're doing it with yesterday's security playbook. The best defense is a strong offense, and we're ensuring our customers can proactively identify and neutralise emerging AI security threats before they become enterprise risks. The market needs a new approach—one that's as sophisticated and scalable as the AI systems it's protecting. That's exactly what we're building." The company's approach combines offensive security methods with automation to address risks like prompt injection attacks, compliance failures, and unsafe AI behaviors—challenges that traditional cybersecurity tools often miss. Co-founder and CTO Naman Mishra added, "As GenAI transforms industries, its security architecture cannot be an afterthought. From day one, our goal has been to stay ahead of emerging threats. With our products, we're reimagining AI security from the ground up, merging proactive adversarial testing with automated scale to preempt threats before they are exploited." Supporting this view, Roopan Aulakh, Managing Director at pi Ventures, said, "Generative AI introduces a fundamentally new threat landscape. One that traditional cybersecurity solutions weren't built for. Accurately detecting and mitigating threats in the dynamic GenAI attack surface is a complex challenge. Having built in security and AI since their college days, Aryaman and Naman have built a GenAI-native security solution to go beyond perimeter defense, identify unknown threats and optimise for high precision and recall." Currently used by companies like Groww and PhysicsWallah.
Fox News
12-06-2025
- Business
- Fox News
House bipartisan bill directs NSA to create 'AI security playbook' amid Chinese tech race
FIRST ON FOX – Rep. Darin LaHood, R-Ind., is introducing a new bill Thursday imploring the National Security Administration (NSA) to develop an "AI security playbook" to stay ahead of threats from China and other foreign adversaries. The bill, dubbed the "Advanced AI Security Readiness Act," directs the NSA's Artificial Intelligence Security Center to develop an "AI Security Playbook to address vulnerabilities, threat detection, cyber and physical security strategies, and contingency plans for highly sensitive AI systems." It is co-sponsored by House Select Committee on China Chairman Rep. John Moolenaar, R-Mich., Ranking Member Rep. Raja Krishnamoorthi, D-Ill., and Rep. Josh Gottheimer, D-N.J. LaHood, who sits on the House Intelligence Committee and the House Select Committee on China, told Fox News Digital that the legislative proposal, if passed, would be the first time Congress codifies a "multi-prong approach to ensure that the U.S. remains ahead in the advanced technology race against the CCP." He said the bill will improve export control mechanisms – including for chips and high capacity chip manufacturing – protect covered AI technologies with a focus on cybersecurity, and limit outbound investment to firms directly tied to the Chinese Community Party or China's People's Liberation Army. "We start with the premise that China has a plan to replace the United States. And I don't say that to scare people or my constituents, but they have a plan to replace the United States, and they're working on it every single day. And that entails stealing data and infiltrating our systems," LaHood told Fox News Digital. "AI is the next frontier on that. We lead the world in technology. We lead the world when it comes to AI. But what this bill will do will again make sure that things are done the right way and the correct way, and that we're protecting our assets and promoting the current technology that we have in our country." LaHood pointed to evidence uncovered by the committee that he said shows the CCP's DeepSeek used illegal distillation techniques to steal insights from U.S. AI models to accelerate their own technology development. He also pointed to how China allegedly smuggled AI chips through Singapore intermediaries to circumvent U.S. export controls on the technology. "As we look at, 'How do we win the strategic competition?' I think most experts would say we're ahead in AI right now against China, but not by much. It is a short lead," LaHood told Fox News Digital. He said he is confident the bill will put the U.S. "in the best position to protect our assets here and make sure that we're not shipping things that shouldn't go to AI that allow them to win the AI race in China." "Whoever wins this race in the future, it's going to be critical to future warfare capabilities, to, obviously, cybersecurity," LaHood continued. "And then, whoever wins the AI competition is going to yield really unwavering economic influence in the future. And so we're aggressive in this bill in terms of targeting those areas where we need to protect our AI and our companies here in the United States, both on the commercial side and on the government side, to put us in the best position possible." The legislative proposal calls on the NSA to develop a playbook that identifies vulnerabilities in AI data centers and developers producing sensitive AI technologies with an emphasis on unique "threat vectors" that do not typically arise, or are less severe, in the context of conventional information technology systems." The bill says the NSA must develop "core insights" in how advanced AI systems are being trained to identify potential interferences and must develop strategies to "detect, prevent and respond to cyber threats by threat actors targeting covered AI technologies." The bill calls on the NSA to "identify levels of security, if any, that would require substantial involvement" by the U.S. government "in the development or oversight of highly advanced AI systems." It cites a "hypothetical initiative to build covered AI technology systems in a highly secure government environment" with certain protocols in place, such as personnel vetting and security clearance processes, to mitigate "insider threats." Though not directly related, the legislation is being introduced a week after FBI Director Kash Patel sounded the alarm on how the CCP continues to deploy operatives and researchers to "infiltrate" U.S. institutions. Patel laid out the risk in announcing that two Chinese nationals were charged with smuggling a potential bioweapon into the U.S. LaHood said that case further highlights "the level of penetration and sophistication that the CCP will engage in," but he added that his bill focuses on putting a "protective layer" on U.S. AI tech and "restricting outbound investment to China." He pointed to how the CCP also has bought up farmland around strategic U.S. national security locations, particularly in Montana, North Dakota and South Dakota. "If everything was an even playing field, and we were all abiding by the same rules and standards and ethical guidelines, I have no doubt the U.S. would win [the AI race], but China has a tendency and a history of playing by a different set of rules and standards," LaHood said. "They cheat, they steal, they take our intellectual property. Not just my opinion, that's been factually laid out, you know, in many different instances. And that's the reason why we need to have a bill like this." The bill comes as the Trump administration has been pushing to bolster artificial intelligence infrastructure in the United States, and major tech companies, including Amazon, Nvidia, Meta, OpenAI, Oracle and others, have made major investments in constructing AI-focused data centers and enhancing U.S. cloud computing. Last week, Amazon announced a $20 billion investment in constructing AI data centers in rural Pennsylvania. It followed a similar $10 billion investment in North Carolina. In late May, the NSA's Artificial Intelligence Security Center released "joint guidance" on the "risks and best practices in AI data security." The recommendations include implementing methods to secure the data used in AI-based systems, "such as employing digital signatures to authenticate trusted revisions, tracking data provenance, and leveraging trusted infrastructure." The center said its guidance is "critically relevant for organizations – especially system owners and administrators within the Department of Defense, National Security Systems, and the Defense Industrial Base – that already use AI systems in their day-to-day operations and those that are seeking to integrate AI into their infrastructure."
Entrepreneur
10-06-2025
- Business
- Entrepreneur
Unbound Raises USD 4 Million to Power Enterprise AI Security and Governance
Unbound plans to invest over USD 1 million to expand its team in India and further build its AI security platform You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Bengaluru-based enterprise AI security startup Unbound has raised USD 4 million in seed funding to accelerate its efforts in model orchestration, data protection, AI integration, and open-source LLM adoption. The round was led by Race Capital, with the startup aiming to address the growing need for secure, scalable AI governance solutions across enterprises. Founded in 2023 by Rajaram Srinivasan (ex-Palo Alto Networks, Imperva) and Vignesh Subbiah (ex-Adobe, Tophatter, Shogun), Unbound is tackling a critical gap in how organisations control the use of generative AI tools. As employees increasingly rely on AI copilots for coding, content creation, and analytics often without IT oversight, Unbound's platform ensures enterprise security without interrupting productivity. The platform integrates directly with popular tools like Cursor, Roo, and internal copilots, offering real-time monitoring, redaction, and prompt rerouting. Instead of blocking AI use, Unbound intelligently redirects sensitive queries to secure, self-hosted, open-source LLMs, while allowing low-risk prompts to pass through. This approach enables up to 70 per cent savings on AI infrastructure costs and significantly reduces the risk of data leaks. In one use case, a tech company safely rolled out Gemini 2.5 to over 100 engineers in under a week using Unbound. The platform has already prevented more than 7,000 instances of potential data leaks, including exposure of credentials and personal information. Edith Yeung, General Partner at Race Capital, said, "Unbound represents a new class of AI infrastructure, one that blends visibility, safety, and cost-efficiency into a single platform. Their infrastructure-first approach is exactly what enterprises need as they scale AI use responsibly." Unbound plans to invest over USD 1 million to expand its team in India and further build its AI security platform. With increasing demand for secure AI deployment, particularly in sectors like healthcare and technology, the company sees India as a key growth market. The startup will also deepen its ecosystem integrations and support enterprises in orchestrating internal models based on custom policies and compliance needs. Its solution allows companies to retain control over how and where AI is used without sacrificing speed or safety.
