Cranium Announces $25 Million in Series A Funding to Secure the AI Revolution
Summary
SHORT HILLS, N.J. October 26, 2023 Cranium, the leading enterprise AI security and trust software firm, today announced that the company has raised $25 million in Series A funding. Craniums newest round will build company growth, strengthen customer momentum, and accelerate Cranium Enterprise software platform innovation through product development; scale go-to-market strategies, including sales and marketing efforts; allow investment in R&D to further visibility into the security of AI systems; enhance security, regulation, and compliance in AI/ML environments against adversarial threats; and reinforce its teams and customers with additional support.AI is being embedded into every business process and function at an unprecedented speed. Were honored and deeply grateful for the support from our customers and investors whose dedication to Cranium only fuels our commitment to provide unparalleled visibility, trust, and a new level of security when it comes to the entire AI ecosystem of any organization.Cranium helps organizations gain confidence in the AI-enabled products in services they are both creating and using. Craniums software is custom-built to address the gap between data science, compliance, and cybersecurity teams by providing a single source of truth for AI security risks, which is done in a way that avoids requiring teams to change their processes, tools, or workflows; its value is ensuring AI systems are secure, trustworthy, and compliant, properly handling vital resources such as health, financial, and consumer data to meet compliance regulations.The rapid rate of innovation fueled by the emergence of GenAI capabilities has generated fresh challenges for cybersecurity teams, raising new questions over compliance, trustworthiness, and security of their AI/ML environments, said Marcus Bartram, General Partner at Telstra Ventures. Organizations can map, monitor, and manage their AI/ML environments against adversarial threats without interrupting how teams train, test, and deploy their AI models through its Cranium Enterprise software platform.