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CalypsoAI, a Silicon Valley-based artificial intelligence (AI) security startup, today announced it has raised $23 million in Series A-1 funding to accelerate the development of its AI governance solutions. The funding round was led by Paladin Capital Group, with participation from Lockheed Martin Ventures and other investors.
In an interview with VentureBeat, Neil Serebryany, CEO and founder of CalypsoAI, identified three main threats that could block the mainstream adoption of AI by enterprises: “First, there is a significant amount of information they leak in (popular) models; two, are the underlying models potentially unreliable; and three, it’s this question of accountability and verifiability.
CalypsoAI’s solutions, including the Moderator AND Vespers Validation, are designed to address these challenges, ensuring organizations can confidently adopt generative AI tools and protect their critical data. The company has already attracted attention as a key supplier of AI security solutions, identified by Forrest research.
According to Serebryany, CalypsoAI’s solutions are becoming increasingly critical as enterprises adopt more sophisticated AI, such as large language models, which can generate trillions of dollars in value but also introduce security risks. information technology if used improperly. The startup is positioning itself as an end-to-end platform for AI risk management, from the algorithms themselves to how people actually interact with the technology.
What sets CalypsoAI apart from other AI governance and security companies is its vast experience. Serebryany explains, “We’ve been challenged as a company, we haven’t just jumped out. We have been working on it for four years, we had to secure the most sensitive organizations in the world”.
The future of AI security and foundational models
The AI security market is expected to grow significantly in the coming years. Second Pitch, the global generative AI market is projected to reach $42.6 billion in 2023, as enterprises increasingly seek to adopt the technology to unlock new opportunities, improve decision-making, and fuel innovation. Generative AI will also generate $4.4 trillion in economic value globally, according to McKinsey.
Serebryany sees the market breaking down into first-party and third-party risks, with underlying models playing a central role in the future of enterprise AI. CalypsoAI aims to ensure corporate use of these templates, ensuring their safe distribution.
With nearly $40 million in total funding, CalypsoAI is poised to play a pivotal role in shaping the future of AI security and governance. As more organizations adopt AI technologies, the need for robust security solutions will only become more critical.
“The fact that the problem is becoming so pervasive right now: How do we actually adopt large language models? How can we do it safely? How can we make sure our data doesn’t fall into these patterns? It is so important right now and will only become more important as we see more and more corporate embrace of AI,” says Serebryany.
As AI continues to transform the business landscape, CalypsoAI’s recent funding round is a clear sign that the industry is taking AI security seriously. The company’s innovative solutions and deep experience make it a key player in the rapidly changing world of AI governance and security.
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