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[Funding News] CA-based WitnessAI Secures $27.5Million in Series A Round Funding

WitnessAI, creator of the first enablement platform for safe AI use, secures $27.5 million Series A round funding , co-led by GV and Ballistic Ventures. The company had previously been incubated by Ballistic Ventures, beginning in 2023.

WitnessAI, creator of the first enablement platform for safe AI use, secures $27.5 million Series A round funding , co-led by GV and Ballistic Ventures. The company had previously been incubated by Ballistic Ventures, beginning in 2023.

Generative AI and large language models (LLMs) are seen as a transformative technology for enabling innovation across every business function, yet few enterprises have actually adopted it fully.

WitnessAI addresses these challenges to enable safe, effective use of AI within the enterprise. The WitnessAI Secure AI Enablement Platform includes modules for observability of AI use, policy enforcement and governance of AI use, and protection of employees, customers and enterprise data from AI use.

The company will begin early deployments in June 2024 and is already working with more than 20 design partners across multiple industries.

Rick Caccia, WitnessAI CEO said, “Building a safe AI enablement platform that works at enterprise scale requires a purpose-built team with expertise in AI and ML, red and blue teaming, and web-scale platform deployment, We’ve built something that works in the most demanding environments, including global organizations and across clouds. The response from CISOs we’ve spoken with has been tremendous.”

WitnessAI is deployed as an isolated, cloud-based instance for each customer, encrypted with their own keys to ensure data privacy and regulatory separation. The platform intercepts activity between users and LLMs, applies control policies, and ensures data protection and user safety – all with millisecond latency and requiring nothing to be installed on the users’ devices.

Read also – [Funding News] Mass.-based Nanopath Inc. Secures $4Million in Federal Funding

Achieving this requires an integrated design that blends new techniques in machine learning, offensive and defense security for AI activity, and enterprise-scale web services deployment.

Karim Faris, General Partner at GV said, “For most enterprises, the AI journey is just beginning, The need for guardrails around AI use, including visibility and control of that use, will only grow, and GV is excited to partner with the WitnessAI team as they make AI safe for the enterprise.”

Barmak Meftah, Co-founder and General Partner of Ballistic Ventures said, “WitnessAI will enable enterprises of any size to use AI safely and effectively, When major technology shifts occur, they create the opportunity for someone to build the next great platform, and WitnessAI is building that new platform for enterprise AI. Ballistic is proud to have incubated the company from its earliest days.”

The funding will be used to accelerate development of new AI guardrails and build out a global sales and support organization. Enterprise leaders interested in a demonstration of the WitnessAI platform can contact the company.

About WitnessAI

WitnessAI enables safe and effective adoption of enterprise AI, through security and governance guardrails for public and private LLMs. The WitnessAI Secure AI Enablement Platform provides visibility of employee AI use, control of that use via AI-oriented policy, and protection of that use via data and topic security.

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