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.
Recently, Plurilock reported record Q2 financial results. As well as announcing it has established an Information Security Advisory Council comprising of leading cybersecurity industry experts and academics which will provide expert guidance to the Company on advancing its business development strategy and scaling its AI-focused technology offering portfolio.
Today, Plurilock announced the first sale of Plurilock AI PromptGuard to an exclusive financial services firm based in the Northeastern United States. This cross-sale of the Company’s Technology Division product to an existing customer gained through recent acquisitions, will serve a three-digit user count operating primarily onsite at the company.
“We are pleased to announce the first cross-sale order for our latest high-margin AI-driven product, PromptGuard,” said Ian L. Paterson, CEO of Plurilock. “With the rapid adoption of generative AI tools and solutions in the workforce, most organizations lack the capability to protect their employees against the risks of AI and are in need of cybersecurity solutions like PromptGuard.”
In the same press release, Plurilock announced the launch of Plurilock AI PromptGuard version 1.0. The product, based on patent-pending technology and previously available under the Company’s Early Access Program (EAP), provides a layer of data protection for businesses seeking to implement guardrails for the use of generative AI platforms such as ChatGPT.
PromptGuard automatically detects and redacts confidential information in generative AI prompts, helping to ensure that as employees use generative AI for their work, sensitive and regulated data is not sent to AI platforms. When the AI returns a response, data is unredacted before the employee is shown the response-enabling employees to use AI smoothly, with familiar data in prompts and responses, while helping to prevent confidential data leaks.
With the release of Version 1.0 on September 6, 2023, Plurilock AI PromptGuard is open to customers and through partners who do not participate in Plurilock’s Early Access Program.
After bouncing at the major support zone at $0.125, Plurilock gained strength and momentum backed on the news that the Company is announcing a strategic focus on addressing the growing AI cybersecurity threats on July 18th 2023. Further momentum followed with a major 15% green day on July 19th 2023.
The stock saw a technical pattern breakout confirmed with a close above a downtrend line on July 20th 2023, the day when Plurilock announced its new SaaS product, PromptGuard. The stock recently hit highs just above $0.16 before selling off.
Support at the $0.12 did not hold and the stock has broken below, printing new all time record lows at $0.11. After a brief bounce, the stock is once again testing this record low level again. For the bulls to regain some standing, the stock price will need to close back above the $0.12 zone to invalidate this breakdown.
