AI-native cybersecurity startup Protectt.ai plans to acquire a controlling stake in AIShield, an AI security platform incubated within Bosch Global Software Technologies (BGSW). Bosch will retain a minority stake in AIShield following the transaction.
Backed by Bessemer Venture Partners, Protectt.ai will acquire the stake through a deal comprising primary and secondary components. The companies have not disclosed the transaction value or timeline.
“There will be cash, a secondary component and future investments as required. The current structure is a combination of cash and ESOPs. Future investments will depend on the requirements of the business,” Protectt.ai cofounder Manish Mimani told Inc42.
Founded in 2022 by Shiv Kumar and Amit Phadke, AIShield was incubated within BGSW. It develops security solutions for machine learning models, generative AI applications and AI supply chains, helping enterprises defend against attacks designed to manipulate AI systems and address compliance risks.
The partnership will combine AIShield’s AI security capabilities with Protectt.ai’s mobile security platform, allowing the latter to expand into enterprise AI security.
AIShield will continue to operate as an independent entity under Protectt.ai once the deal is completed, with its own professional management team and a focus on AI security research and product development. It will also be able to raise external funding in the future.
Protectt.ai plans to work with private companies and government organisations through AIShield to build an India-developed AI security platform, Mimani said.
ai provides mobile threat defence solutions that help businesses protect applications against cyber threats and fraud. Its platform also serves as a compliance hub for app owners, helping them adhere to regulations issued by entities such as the RBI, SEBI and NPCI.
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