Cranium Announces $25 Million in Series A Funding to Secure AI
Summary
Investment Led by Telstra Ventures with Participation from KPMG LLP and SYN VenturesSHORT 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. "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." 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.