MoneyAugust 25, 2026via SiliconAngle

Alice raises $140M as its AI security business grows more than 500%

Why it matters

Major funding for an AI safety/adversarial-testing vendor signals investor confidence in the guardrails market as frontier labs and enterprises scale AI deployment. The 500%+ growth validates that AI security is moving from nice-to-have to must-have infrastructure.

Key signals

  • $140M funding round led by Apax Digital Funds
  • Company rebranded from ActiveFence earlier in 2026
  • Business growth exceeds 500% YoY
  • Customers include frontier labs and large enterprises
  • Focus: adversarial testing and guardrails for AI models
  • Founded 2018

The hook

$140M. Alice (formerly ActiveFence) just closed its largest round as AI security demand surges past 500% YoY growth.

AI trust, safety and security company Alice today announced a $140 million funding round led by Apax Digital Funds. Until a rebrand earlier this year the company was called ActiveFence. It sells adversarial testing and guardrails for AI models, with frontier labs and large enterprises as customers.

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