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Alice Raises $140M to Make Sure AI Does Exactly What It's Supposed to Do

The round lifts Alice’s total funding to $280 million as the company expands red-teaming and post-deployment monitoring for frontier models.

  • On Tuesday, AI security company Alice announced it raised $140 million in a funding round led by Apax Digital Funds to harden AI systems against emerging vulnerabilities and adversarial attacks.
  • Formerly known as ActiveFence, Alice leverages its "Rabbit Hole" dataset—compiled since 2018 from tracking fraud and extremism—to simulate malicious prompts and agentic tasks probing for jailbreaks and unintended behavior.
  • Alice reports over 500% business growth in two years while approaching $100 million in annual recurring revenue. Its lab protects more than three billion people across Google, Meta, TikTok and Amazon platforms.
  • Chief Executive Noam Schwartz told Bloomberg the round values Alice close to $1 billion, though Calcalist reports suggest a range between $700 million and $800 million. Apax partner Patrick Kane cited widening AI attack surfaces.
  • Britain's AI Security Institute recently warned about rogue AI agents, intensifying regulatory pressure on the industry. Schwartz said the round addresses a critical gap: "the industry democratised capabilities faster than it democratised defences.
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Jonesboro Sun broke the news on Tuesday, August 25, 2026.
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