Tech Companies Invest in AI-Powered Cybersecurity Amid Rising Threats
As cyber threats escalate in complexity and frequency, technology companies are increasingly investing in artificial intelligence (AI)-powered cybersecurity solutions to enhance their defense mechanisms. For instance, Theom, a San Jose-based data security startup, recently secured $20 million in a Series A funding round led by Wing VC, with participation from Snowflake Ventures, Databricks Ventures, and SentinelOne. Theom's AI-driven platform enables businesses to inventory, assess, and secure sensitive data without moving it out of their systems, appealing to large enterprises in highly regulated industries.
Similarly, LTIMindtree has secured its largest contract to date—a $450 million, seven-year deal with a leading global agribusiness firm. Under this agreement, LTIMindtree will deploy an AI-powered operating model to provide comprehensive application management, infrastructure support, and cybersecurity services. The initiative leverages advanced platforms, including SAP S/4HANA, ServiceNow, Microsoft Azure, and proprietary AI frameworks, aiming to enhance the client's operational efficiency and scalability.
However, the integration of AI into cybersecurity also brings workforce implications. CrowdStrike Holdings Inc., a leading cybersecurity firm, announced plans to lay off approximately 5% of its workforce, attributing the decision to productivity gains achieved through AI. Despite the layoffs, CrowdStrike intends to continue hiring in strategic areas, emphasizing AI's foundational role in enhancing efficiency and streamlining operations . This move reflects a broader trend in the tech industry, where companies are reevaluating traditional roles and seeking employees with AI competencies to adapt to the evolving landscape.
