Wednesday, April 24, 2024
HomeFunding CA-based Reken Secures $10Million in Seed Funding

[Funding alert] CA-based Reken Secures $10Million in Seed Funding

CA-based Reken secures $10million in seed funding. Greycroft and FPV Ventures led the financing, and Homebrew, Omega Venture Partners, Firebolt Ventures, Fika Ventures, and JAZZ Venture Partners also participated.

CA-based Reken secures $10million in seed funding. Greycroft and FPV Ventures led the financing, and Homebrew, Omega Venture Partners, Firebolt Ventures, Fika Ventures, and JAZZ Venture Partners also participated.

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The round also included investments from Vishal Vasishth, co-founder of Obvious Ventures, and Jon Steinback, an executive at Google DeepMind (Sequoia Capital Scout Fund). Marcie Vu, a Bay Area leader and Greycroft partner who assisted in guiding Google’s IPO, became a member of the Reken board.

Reken was founded in January by Rich Griffiths and Shuman Ghosemajumder, the former Global Head of Product for Trust & Safety at Google, Head of AI at F5, and CTO at Shape Security. Reken develops AI platforms and technologies to fend off risks from generative AI.

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With the money, the business hopes to support core research and development for new AI products and technologies that will guard against dangers from generative AI, like autonomous fraud and deepfake social engineering.

Vu said, “Safeguarding against generative AI threats is essential for the future of the internet, Reken’s founders have unparalleled experience building large-scale AI platforms to defend against sophisticated attacks for some of the world’s largest companies. Shuman and Rich are uniquely positioned to build an important company that will help tackle the evolving challenges presented by generative AI threats, which will only increase over time. Reken’s mission strongly aligns with Greycroft’s core focus on artificial intelligence.”

About Reken

Reken, In order to defend against challenges posed by generative AI, they are developing new kinds of AI platforms and solutions.

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