Pluto Security raises $42M as AI gives enterprise security teams a new headache

Key points

• Security startup Pluto Security has raised $42 million to help companies manage risks from employees using AI tools. Chief executive Shahar Bahat says about 60 per cent of the risks her company detects are in apps built by non-developers, with finance departments the largest source.
• The company says it has signed more than 30 enterprise customers since starting sales in April and has passed $2 million in annual recurring revenue.
• Pluto says it will use the new funding to develop its product, expand security research and grow its presence in the United States.