Pluto Security has raised $42 million to develop software that helps businesses identify and manage security risks associated with artificial intelligence tools, applications and agents. Led by co-founder and CEO Shahar Bahat, the startup is expanding its enterprise AI security platform as organizations seek greater oversight of employee AI use.
Key Takeaways
- Pluto Security secured $8.5 million in seed funding led by TLV Partners and $34 million in Series A financing led by Jump Capital
- The startup develops software to monitor AI applications, tools and agents across enterprise environments
- Its platform focuses on security risks associated with employee-built AI applications and connected software
- Pluto Security reported more than $2 million in annual recurring revenue and over 30 enterprise customers
- The company plans to expand product development, security research and U.S. operations
Pluto Security Funding Reaches $42 Million Across Two Rounds
Pluto Security secured $8.5 million in seed financing led by TLV Partners, followed by a $34 million Series A round led by Jump Capital. The investment will support development of its enterprise AI security platform and expansion into the U.S. market.
The company emerged from stealth on October 13, 2026, introducing technology designed to help organizations monitor security risks associated with employee adoption of AI applications. Its platform focuses on AI tools, agents and connected software components that may operate outside established IT oversight processes.
Shahar Bahat, Pluto Security’s co-founder and chief executive, leads the startup as it expands its work with enterprise customers. The company’s technology addresses the speed at which employees can adopt AI tools or build applications, sometimes before security teams have assessed their configurations, permissions and potential vulnerabilities.
Investors Back Enterprise AI Security Development
TLV Partners and Jump Capital were joined by other investors, including the founders of cybersecurity company Armis, Skinos, Ansa Capital and angel investors.
Their participation reflects broader interest in AI cybersecurity platform development, particularly technologies addressing security challenges associated with artificial intelligence and automation.
Pluto Security focuses on risks that arise when employees use third-party AI services, connect applications to company systems or create their own tools. These activities can complicate security oversight when businesses lack visibility into which applications are operating, what information they can access and how they are configured.
Its software is designed to help security teams identify AI-related activity, assess potential vulnerabilities and manage risks across enterprise environments. The platform also monitors AI extensions, connectors and agents that employees introduce into their workflows.
Pluto Security Targets Risks From Employee-Built AI Applications
Employee-built applications are a central focus of Pluto Security’s platform. Staff members can use generative AI tools to create software for internal tasks without following the development, testing and security review processes typically used by engineering teams.
These applications may handle company information, connect to internal systems or operate with permissions that have not been reviewed by security personnel. Such risks highlight the importance of enterprise AI access controls for managing how applications interact with sensitive information and which resources they can reach.
Bahat reported that approximately 60% of the risks identified across Pluto Security’s customer base involved tools built with AI by employees outside traditional software development roles. Finance departments accounted for the largest share, followed by marketing and legal teams.
Bahat also described an application created by a finance employee at a Fortune 500 company to manage customer information and churn. According to Bahat, the application had been left exposed to the internet, illustrating how employee-developed tools can introduce security vulnerabilities when configurations are not adequately reviewed.
These challenges extend beyond applications created by professional developers. Employees across departments may build internal tools to simplify workflows without having the technical expertise to evaluate every security implication.
Pluto Security’s software helps organizations identify these applications, assess their associated risks and provide security teams with visibility into AI activity that may otherwise remain outside established oversight processes.
Enterprise Customers Drive the Startup’s Commercial Expansion
Pluto Security began selling its software in April 2026 and reported exceeding $2 million in annual recurring revenue. The company also disclosed more than 30 enterprise customers, including Oscar Health, Workato, Sixt and AlphaSense.
Annual recurring revenue reflects the annualized value of recurring customer contracts rather than revenue recognized during a completed financial year.
The company’s reported customer base spans several industries, reflecting demand for software that helps enterprises understand how employees use AI applications and connected tools. Its platform is intended for organizations managing both internally developed applications and third-party AI services.
Enterprise adoption involves evaluating how security software integrates with existing systems and whether it provides useful information for identifying and managing risks. Pluto Security’s technology can connect with endpoint security and device management systems to collect relevant information about AI activity.
The company also provides capabilities intended to identify risky software components and potentially unsafe actions performed by AI agents. These functions support security teams in addressing vulnerabilities while maintaining oversight of employee AI use.
Pluto Security’s reported revenue and customer figures establish an early commercial base. Continued adoption will depend on how effectively its platform meets enterprise security requirements and integrates into existing technology environments.
Product Development and U.S. Expansion Shape the Growth Strategy
Pluto Security’s next stage of development centers on strengthening its AI security platform, advancing security research and expanding its presence in the United States.
Product development will focus on identifying and managing risks associated with AI applications, tools and autonomous agents. As employees adopt new technologies, security teams need ways to assess how those systems interact with company information and existing infrastructure.
Security research will support the company’s examination of vulnerabilities affecting AI-related software and connected components. This work contributes to its broader objective of helping organizations identify risks that emerge as AI tools become more integrated into business operations.
Expanding its U.S. operations will allow Pluto Security to develop its commercial presence and support additional enterprise deployments. The company’s existing customer relationships provide a foundation for those efforts.
Pluto Security’s growth strategy combines continued technical development with enterprise market expansion. Its progress will depend on its ability to address evolving AI security requirements and support organizations managing increasingly complex technology environments.
Frequently Asked Questions
How Much Funding Has Pluto Security Raised?
Pluto Security raised $42 million through an $8.5 million seed round led by TLV Partners and a $34 million Series A led by Jump Capital.
Who Founded Pluto Security?
Shahar Bahat is a co-founder and CEO of Pluto Security. Bahat leads the company’s development of enterprise security software focused on AI applications, tools and agents.
What Does Pluto Security’s AI Security Platform Do?
The platform helps enterprises identify and manage risks associated with AI tools, applications, agents and connected software components. It also provides visibility into applications employees develop outside traditional software development processes.
Which Enterprises Use Pluto Security?
Pluto Security reported more than 30 enterprise customers, including Oscar Health, Workato, Sixt and AlphaSense.
How Does Pluto Security Help Businesses Manage AI Security Risks?
Pluto Security provides software that helps organizations monitor AI-related activity, identify risky applications and assess potential vulnerabilities. Its platform supports security teams in maintaining oversight of employee AI use across enterprise environments.
