Acuvity, a pioneer in AI security and governance, announced today that it has successfully closed a $9m seed funding round.
This investment was led by Foundation Capital, with additional contributions from notable individual investors such as Basil Alwan, Sri Reddy, and Jonathan Siddharth.
Positioned as a leader in comprehensive AI security, Acuvity aims to use these funds to fast-track the development of its innovative products designed to secure the expanding adoption of AI within enterprises.
The company offers a robust platform that ensures comprehensive security and governance across all AI applications and models used by employees. From language-based access controls to real-time enforcement mechanisms, Acuvity’s solutions are engineered to enhance productivity while mitigating potential risks associated with GenAI technology.
Acuvity intends to utilize the new capital to further enhance its platform capabilities. This will include expanding its range of security products and accelerating the deployment of its governance frameworks. Such advancements are vital for enterprises seeking to leverage AI technologies safely and efficiently.
Adding further detail, Acuvity’s platform incorporates advanced discovery and visualization engines. These tools provide enterprises with crucial insights into GenAI usage and facilitate stringent compliance and cost management. Moreover, Acuvity’s innovative approach to AI security enables seamless integration into existing AI applications, promoting a safer development environment without compromising on innovation speed.
The investment round also brings to light previous achievements and endorsements from industry leaders. Tarun Raisoni, CEO and Founder of Gruve, Inc., praised Acuvity’s visualization capabilities, noting their transformative impact on enterprise security management. Similarly, Rutul Davé, Co-Founder and CTO at Maxwell, highlighted the comprehensive control and enhanced visibility provided by Acuvity’s solutions.
“Pluggable AI security architecture deployed alongside AI pipelines means AI and ML application builders can innovate faster, without fear,” said Satyam Sinha, co-founder and CEO of Acuvity. He emphasizes the platform’s ability to support DevSecOps by integrating robust security measures directly into the AI development process, thereby fostering innovation.
Ashu Garg, General Partner at Foundation Capital, also commented on the strategic importance of Acuvity’s offerings. “Every enterprise CEO—whether they make computer chips or potato chips—has announced an AI strategy. But many of these companies don’t have visibility into the risks associated with AI adoption,” he said. “Acuvity turns that risk into a business accelerator. CEOs can move quickly to leverage the latest technology, knowing Acuvity has them covered.”
Copyright © 2024 RegTech Analyst
Copyright © 2018 RegTech Analyst