Samsung Electronics invests in US AI platform security provider

Samsung Electronics has made an investment in a U.S. artificial intelligence (AI) platform security company, Axiado, the U.S. company said Thursday, part of Samsung Electronics' strategies for next-generation AI chips.

In a press release, Axiado said it has recently raised $60 million in an oversubscribed Series C funding round with participation from Samsung Catalyst Fund, Samsung Electronics' venture capital arm, and other companies.

But it did not elaborate on the detailed contributions of each investor.

California-based Axiado focuses on hardware-based platform security, providing an AI-driven approach to platform security against ransomware and other cyberattacks. Its technology is applied across various systems, including cloud data centers and 5G networks.

Axiado's flagship product, Trusted Control/Compute Unit (TCU), provides solutions for critical challenges in platform security for accelerated computing and AI data center power efficiency.

"We are excited to support Axiado and their AI-driven TCU technology, which has the potential to set new standards in platform security in the age of accelerated computing with AI," Marco Chisari, executive vice president at Samsung Electronics, was quoted as saying in the release by Axiado.

The investment is in line with Samsung Electronics' broader efforts in the AI chip sector, including its recent participation in a $700 million funding round for U.S. AI chip startup Tenstorrent, along with LG Electronics and Hyundai Motor. (Yonhap)