WitnessAI, a San Mateo, CA-based creator of an enablement platform for safe AI, secured a $27.5 million Series A funding.
Investors
The round was co-led by GV and Ballistic Ventures.
Founded in 2009, GV is a corporate venture capital arm of Alphabet based in San Francisco, California. It prefers to invest in the enterprise, life sciences, consumer, and frontier technology sectors. The firm has additional offices in Cambridge, London, and New York. GV has over $10 billion in assets under management and 400 active portfolio companies across North America and Europe.
Ballistic Ventures is a venture capital investment firm dedicated exclusively to early-stage funding and incubation for entrepreneurs and innovations in cybersecurity. It was founded in 2021 and is based in San Mateo, California.
WitnessAI Use of Funds
The company will use the funds to accelerate the development of new AI guardrails and build out a global sales and support organization.
About WitnessAI
WitnessAI specializes in AI safety, privacy, governance, and security. Their Secure AI Enablement platform offers solutions for observability of AI use, policy enforcement, and governance, ensuring data protection and user safety. WitnessAI's platform is deployed as isolated, cloud-based instances for each customer, encrypted with their keys to ensure data privacy and regulatory compliance. Its mission is to give organizations the security and governance controls needed to adopt AI safely.
Funding Details
Company: WitnessAI Inc.
Raised: $27.5M
Round: Series A
Funding Month: May 2024
Lead Investors: GV, Ballistic Ventures
Additional Investors:
Company Website: https://witness.ai/
Software Category: AI Security
Source: https://www.prnewswire.com/news-releases/witnessai-raises-27-5-million-to-enable-safe-use-of-ai-302151702.html