CalypsoAI bags $13m in its Series A round led by Paladin Capital

CalypsoAI, a validation, security and monitoring software solution for AI technology, has bagged $13m in its Series A funding round.

Lead investor for the round was Paladin Capital Group, with additional contributions coming from Martin Ventures, 8VC, Frontline Ventures, Lightspeed Venture Partners, Manta Ray Ventures, Pallas Ventures and other unnamed backers.

With the fresh equity boost, the cybersecurity company is preparing for global expansion, increasing its adoption within enterprises and accelerating innovation.

Washington-based CalypsoAI has the goal of securing the automated future. The company believes there are still capability gaps within AI and machine learning preventing teams to validate, monitor and secure their autonomous systems.

The CalypsoAI solution leverages science behind Trusted AI, which includes AI accreditation and protection from adversarial machine learning attacks. The company transforms this into actionable software tools, keeping human team members able to stay in the loop and engage directly with the AI.

Lockheed Martin Ventures general manager and VP Chris Moran said, “The future of responsible AI is of the utmost importance to Lockheed Martin customers.

“We are thrilled to be investing in CalypsoAI and partnering to help engineer generation-after-next AI solutions. As the venture capital arm of one of the largest aerospace and defense corporations, we are more than just a source of capital. Our world class engineers keep people safe through secure systems, platforms and advanced technologies every day.”

As part of the deal, Paladin managing director Mourad Yesayan will join the CalypsoAI board of directors.

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