**[AI Security Startup Alice Secures $140 Million in Funding, ARR Nears $100 Million]** Beating AI Newsflash: AI security startup Alice announced on Tuesday that it has completed a $140 million funding round, led by Apax Digital Funds, with participation from Samsung, SentinelOne, Maj Invest, MoreTech, and Phoenix Insurance. Following this round, Alice's total funding has reached $280 million, and Apax Digital will join the company's board of directors. Headquartered in New York and Tel Aviv, Alice, formerly known as ActiveFence, specializes in providing security testing and protection for AI models and agents. The company stated that its annual recurring revenue (ARR) is now approaching $100 million, with its AI business growing over 500% in the past two years. As AI agents increasingly gain access to databases, internal software, APIs, and the ability to autonomously execute tasks, security risks such as prompt injection, jailbreaks, data leaks, and abnormal model behavior are on the rise. Alice currently serves AI companies including Anthropic, Google, and Cohere, claiming that its clients include 8 of the top 10 global AI model providers. Alice's Rabbit Hole division has accumulated years of adversarial and harmful content datasets, which the company says are now used to provide security protection for platforms serving over 3 billion users. The new funding will primarily be used to expand its AI security platform, grow its research team, and scale commercial operations. The company currently employs over 150 AI security researchers. [Original Link]