SplxAI, a cybersecurity company specializing in agentic AI
systems, has successfully raised €6.45 million in seed funding,
Azernews reports, citing Intelli News.

The funding round was led by LAUNCHub Ventures, with
participation from Rain Capital, Inovo, Runtime Ventures, DNV
Ventures, and South Central Ventures
.
This investment will be used to accelerate the development of
SplxAI’s platform, which provides automated security testing,
remediation, and monitoring for AI agents and applications.

As organizations increasingly adopt advanced AI systems, new and
often poorly understood security risks are emerging. SplxAI’s
platform helps address these vulnerabilities by simulating
potential attack scenarios and analyzing AI behavior across various
types of agents, including text-based, image-based, and
voice-based. Additionally, the platform offers continuous real-time
monitoring to detect and respond to threats swiftly.

Stan Sirakov of LAUNCHub Ventures has joined the company’s
board, while Sandy Dunn, the former Chief Information Security
Officer (CISO) at Brand Engagement Network, has been appointed as
SplxAI’s new CISO. Dunn will lead the company’s governance and
compliance efforts, strengthening its focus on security
standards.

SplxAI launched its platform in August 2024 and has already
reported an impressive 127% quarter-on-quarter growth. Its clients
include notable names such as KPMG, Infobip, Brand Engagement
Network, and Glean. The company has also released an open-source
tool called Agentic Radar, which is designed to identify security
gaps in AI agent workflows through static code analysis.

The platform is positioned as a more efficient and scalable
alternative to traditional manual security testing, which tends to
be slower, more expensive, and less adaptable to the rapid
advancements in AI technology.

LAUNCHub Ventures, based in Sofia, is a venture capital firm
known for its investments across Central, Eastern, and Southeastern
Europe, with a focus on countries like Bulgaria and Croatia.

As AI systems become more integrated into critical business
functions, the need for specialized cybersecurity solutions becomes
more urgent. SplxAI is tapping into this growing demand by focusing
specifically on the vulnerabilities that arise from agentic AI—AI
systems capable of acting autonomously and making decisions based
on their environment.