TrojAI, a leading provider of enterprise artificial intelligence (AI) security solutions, has announced a successful funding round of USD $5.75 million and the appointment of Lee Weiner as the company’s CEO. The funding round, led by existing investor Flying Fish, with participation from Build Ventures, Techstars, Alteryx Ventures, and Flybridge Capital Partners, will support TrojAI’s continued growth and expansion into the U.S. market.
TrojAI aims to address the increasing demand for secure AI solutions in enterprises by providing comprehensive AI security platforms. The additional capital will facilitate product development, sales, and marketing efforts, as well as the establishment of a new office in Boston, Massachusetts, to meet growing global demand.
Frank Chang, Co-Founder and Managing Partner at Flying Fish, expressed confidence in TrojAI’s ability to meet the demand for secure AI solutions and praised the newly expanded team’s progress and future outlook.
Lee Weiner, with over 25 years of B2B software experience and a background in cybersecurity, joins TrojAI as CEO to drive continued growth and enterprise adoption of its AI security solutions. Weiner’s extensive experience in leading early and growth-stage companies will be instrumental in guiding TrojAI through its next phase of development.
James Stewart, CTO and Co-Founder of TrojAI, emphasized the importance of Weiner’s leadership in the company’s growth phase and expressed confidence in his ability to support TrojAI’s mission of securely enabling AI for the enterprise.
TrojAI’s comprehensive AI security platform assesses risks of models prior to deployment and protects AI applications once they are in production. The new funding will support the expansion of the business and its AI/Machine Learning (ML) solutions.
Chip Hazard, General Partner and Co-Founder of Flybridge Capital Partners, has also joined TrojAI’s board, bringing extensive experience investing in technology companies and serving on boards.
Weiner highlighted the critical need for integrating AI securely into enterprises, especially as the threat landscape continues to escalate and evolve. He expressed excitement about joining TrojAI at such a pivotal time and emphasized the company’s strong foundation in helping customers accelerate digital transformation securely.
Resham Mehta, VP Corporate Development and Head of Alteryx Ventures, commended TrojAI’s approach to AI security, particularly its firewall product, which is well-suited for securing AI at scale and aligns with the need for high-performance systems to support broad AI adoption.
TrojAI’s expansion into the U.S. market and its commitment to providing secure AI solutions position the company as a key player in addressing the challenges of AI security in enterprises.
