Acuvity, a Sunnyvale, CA-based startup providing an AI security and governance platform, has emerged from stealth mode with $9 million in seed funding.
Investors
The round was led by Foundation Capital, with notable individual investors Basil Alwan and Sri Reddy also participating.
Foundation Capital is an early-stage venture capital firm established in 1995, focusing on investments across various sectors including enterprise, fintech, consumer, and crypto. With over $5 billion in assets under management, the firm has seen over 33 of its investments go public through IPOs or ICOs and has been involved in over 80 acquisitions.
About Acuvity
Acuvity provides an AI security and governance platform designed for both employees and applications. Its platform offers insights into how employees interact with AI systems, detects potential risks, and ensures compliance with data protection policies. Additionally, Acuvity supports the development of secure AI applications, improving visibility and governance in the growing field of generative AI. Acuvity’s mission is to help enterprises accelerate their GenAI adoption with confidence.
Funding Details
Company: Acuvity, Inc.
Raised: $9.0M
Round: Seed Round
Funding Date: September 2024
Lead Investor: Foundation Capital
Additional Investors: Basil Alwan, Sri Reddy
Company Website: https://acuvity.ai/
Software Category: AI Security and Governance
Source: https://www.securityweek.com/acuvity-raises-9-million-seed-funding-for-gen-ai-governance-and-in-house-development/