Tuesday, 1 September 2026 No. 9 Updated
THE VISSION
The daily record of artificial intelligence

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AI security

AI-security startup Alice raises $140 million as its business grows over 500%

The company, formerly known as ActiveFence, says annual recurring revenue is approaching $100 million as enterprises rush to secure AI agent deployments.

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The short version
  • Alice, an AI trust-and-safety company formerly known as ActiveFence, raised $140 million led by Apax Digital Funds, according to SiliconANGLE.
  • SiliconANGLE reports the company's AI-focused business has grown more than 500% over two years.

The company, formerly known as ActiveFence, says annual recurring revenue is approaching $100 million as enterprises rush to secure AI agent deployments.

What this desk does not yet know

What valuation did Alice's $140 million round actually close at?

Still open. When the paper finds out, it will say so here and on the open questions page — including if it got this wrong.