Tag: AI agent

An AI agent startup just let its agent run its $100 million fundraise

Posted on by faz_business


There’s something almost too meta about this one, via Bloomberg. Lyzr, a three-year-old, Jersey City, New Jersey, startup that helps enterprises build AI agents, used its own AI agent to raise its own round. The system, SivaClaw, reportedly fielded questions from more than 130 investors, drafted investment memos, and even tracked which slides backers lingered on.

It basically ran point on the startup’s $100 million Series B (at a roughly $500 million valuation) while proving that the product actually works. It’s hard to imagine a cleaner sales pitch.

But the most telling detail, per Bloomberg’s retelling, is how little legwork was involved. Lyzr told the outlet it pulled in $400 million in interest from Silicon Valley, the Middle East, and financial-sector investors without a founder ever needing to fly out and do the traditional laps up and down Sand Hill Road for coffee meetings and warm intros. That may be the real story of this go-go moment: there’s so much capital chasing AI bets that startup founders with traction barely have to leave their desks to raise nine figures.

A Meta agentic AI sparked a security incident by acting without permission

Posted on by faz_business


The Information reported that an AI agent within Meta took unauthorized action that led to an employee creating a security breach at the social company last week. According to the publication, an employee used an in-house agentic AI to analyze a query from a second employee on an internal forum. The AI agent posted a response to the second employee with advice even though the first person did not direct it to do so.

The second employee took the agent’s recommended action, sparking a domino effect that led to some engineers having access to Meta systems that they shouldn’t have permission to see. A representative from the company confirmed the incident to The Information and said that “no user data was mishandled.” Meta’s internal report indicated that there were unspecified additional issues that led to the breach. A source said that there was no evidence that anyone took advantage of the sudden access or that the data was made public during the two hours when the security breach was active. However, that may be the result of dumb luck more than anything else.

Many tech leaders and companies have touted the benefits of artificial intelligence, this is just the latest incident where human employees have lost control over an AI agent. Amazon Web Services experienced a 13-hour outage earlier this year that also (apparently coincidentally) involved its Kiro agentic AI coding tool. Moltbook, the social network for AI agents recently acquired by Meta, had a security flaw that exposed user information thanks to an oversight in the vibe-coded platform.