Cybersecurity Startups’ Revenue Surges on AI Threats
Just as artificial intelligence has helped programmers slash the time it takes to write code, hackers are also finding it’s a productivity boon. The increased number of threats, along with risks from companies’ adoption of AI, has helped some cybersecurity startups grow more quickly.
Take Chainguard, a startup developing software to detect security vulnerabilities in open-source software, including the technology powering popular AI models such as Meta Platforms’ Llama models. The four-year-old startup has increased its annualized revenue nearly sevenfold in the past year, to roughly $40 million as of January, according to two people with knowledge of the financials.
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State of the business model | Copyright and intellectual property