# Alice

> AI trust, safety, and security for frontier labs and enterprises — formerly ActiveFence.

## Why it is interesting

August 2026 $140M Apax-led raise (total $280M) with CRV and Norwest returning — ActiveFence reborn as Alice, pointing a decade of adversarial platform data at model red-teaming and enterprise guardrails, approaching ~$100M ARR per company.

## Profile

- **Latest funding:** Growth — $140M (August 2026)
- **Latest known valuation:** Not publicly disclosed
- **Total disclosed equity funding:** $140M
- **Stage:** growth
- **Status:** private
- **Industries:** cybersecurity, artificial-intelligence
- **Coverage:** full
- **Last updated:** 2026-08-28
- **Latest funding investors:** Apax Digital Funds, CRV, Norwest Venture Partners

## Key facts

- Aug 25, 2026: $140M led by Apax Digital; total funding $280M (company)
- CRV and Norwest returning; Apax takes board seat
- Company: ~$100M ARR approaching; AI business >500% over two years
- Works with 8/10 top AI labs; valuation not in company post (press ~$700–800M)

## Funding history

- Growth · $140M · August 2026
  Source: https://alice.io/blog/alice-raises-140m

## Investors in our directory

- https://venturecapitaltracker.com/fund/crv
- https://venturecapitaltracker.com/fund/norwest-venture-partners

## Related articles

- https://venturecapitaltracker.com/2026-alice-140m-apax-ai-trust-safety
- https://venturecapitaltracker.com/2026-august-25-26-investment-news-grid-freight-media
- https://venturecapitaltracker.com/2026-august-27-28-investment-news-agents-trust-health-clearing

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)
**Last updated:** August 28, 2026

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.

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Source: https://venturecapitaltracker.com/startup/alice