Alice Raises $140 Million for AI Safety and Security Platform

Alice, an AI trust, safety, and security company, raised $140 million in a funding round led by Apax Digital, the company announced in a press release. The round included MoreTech, Phoenix Financial, and existing investors, and brings Alice's total funding to $280 million.

Apax Digital will join the company's board. Alice says it is approaching $100 million in annual recurring revenue, its AI business has grown more than 500% over the past two years, and it works with 8 of the 10 leading AI model labs.

The company says its researchers work with labs including Anthropic, Google, and Cohere to test models before release by simulating malicious prompts and agent tasks. For deployed systems, Alice lets enterprises set policies for their organization, simulate attacks for compliance risks, data leaks, and unintended behavior, and monitor inputs and outputs in real time.

Alice, formerly ActiveFence, was founded in 2018 and is headquartered in New York and Tel Aviv. The company said the funding will support its AI platform, expand the team behind its Rabbit Hole dataset of adversarial and harmful content, and grow sales to model labs and enterprises.