Sydney startup banks $6.1m for AI security platform


A Sydney-founded startup developing a platform to catch and prevent security flaws in AI-generated code has raised $6.1 million in a seed round led by US investment firm Paladin Capital.

Dam Secure, which was co-founded by Zip Co alumni Patrick Collins and Simon Harloff just four months ago, banked the funding as enterprises increasingly bake AI into software development.

The oversubscribed round also includes money from a phalanx of local …

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