Samsung participates in new round of funding for security and artificial intelligence startup Protect AI

Security and artificial intelligence startup Protect AI Inc. has raised $60 million from investors who are betting that the intersection of artificial intelligence and security will be big business. The round, led by Evolution Equity Partners, values the startup at $400 million. That gives the company a post-financing valuation of $460 million. New investors in the round include 01 Advisors and Samsung Electronics Co., Salesforce Ventures and others.