Pluto Security raises $42M to monitor employee AI tool usage
Pluto Security, which recently exited stealth, has raised $42 million across a $8.5 million seed round led by TLV Partners and a $34 million Series A led by Jump Capital. CEO Shahar Bahat says the company has surpassed $2 million in annual recurring revenue since starting sales in April, signing more than 30 enterprise customers including Oscar Health, Workato, Sixt, and AlphaSense. The startup's tools give companies visibility and risk analysis into how employees use AI tools, including apps built by non-developers in finance, marketing, and legal departments.