Plurilock Security Inc (PLUR.V) is a Canadian identity-centric AI cybersecurity solutions company. The cybersecurity company provides multi-factor authentication (MFA) solutions using behavioral-biometric, environmental, and contextual technologies.

Today, the Company announced the launch of beta access to a new AI safety SaaS (software as a service) product for business and government, “PromptGuard” which will be offered to customers as part of the Plurilock AI platform.

PromptGuard supports productivity in AI use while preventing leakage of sensitive data. With generative AI use in the workplace rising rapidly, businesses and government organizations will require a solution that enables employees to safely use AI while preventing leakage of confidential information and data. The Canadian Centre for Cybersecurity recently published an article on this topic as it recognizes the risks of generative AI.

PromptGuard is a new AI-driven cloud access security broker (CASB) that supports employee AI use while ensuring that sensitive data is not released to AI systems. It provides AI guardrails without limiting AI use, making AI safer for businesses and their employees. The new SaaS product combines data loss prevention technology and a new patent-pending Plurilock AI platform technology to allow users to interact with generative AI such that:

• The AI platform does not receive sensitive data through user generated AI prompts
• The user need not be aware of any anonymization or redaction having taken place

The product was developed as part of the Company’s focus on generative AI safety and was built using Plurilock’s new CASB technology for AI, which is the subject of a U.S. provisional patent filing as announced recently.

PromptGuard is available under Plurilock’s early access program (EAP) as a closed, by-invitation beta experience. Interested businesses and government organizations can request an invitation to the beta experience at: https://plurilock.com/ai-beta.

“We are excited to launch early access to PromptGuard,” said Ian L. Paterson, CEO of Plurilock. “Based on dozens of conversations with senior leaders in recent months, we believe that enterprises have a significant and urgent need for this technology, which will help to restore their ability to manage and protect sensitive data without eliminating the significant productivity gains that their employees have seen with generative AI use.”

At time of writing, the stock is up 5% on the news and the Company sits at a market cap of around $16 million.

The stock has bounced from a major support zone around $0.125. The buyers did indeed step in. Further momentum followed with a major 15% green day on July 19th 2023. Today’s news is also seeing the stock rise and comes with the possibility of another major breakout confirmation. The stock is above my downtrend line. If Plurilock can close the day with a candle print above this downtrend line, then a major breakout is in play. Momentum would take the stock to the next major resistance target zone at $0.175.