WitnessAI raises $27.5 million to enable safe use of AI

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WitnessAI Secure AI Enablement Platform provides visibility, control, and protection for your enterprise's AI usage.

San Mateo, California, May 21, 2024 /PRNewswire/ — WitnessAI, creator of the first enablement platform for the secure use of AI, today announced $27.5 million The Series A round was co-led by GV and Ballistic Ventures. The company had previously been incubated by Ballistic Ventures since 2023.

Generative AI and large-scale language models (LLM) are seen as transformative technologies that enable innovation across all business functions, but few companies have fully adopted them. recent research Research shows that 75% of companies are experimenting with generative AI, but only 9% have actually widely deployed it. Privacy and governance issues were among the most cited barriers. Common AI governance issues include:

  • lack of visibility – With new AI chatbots and projects appearing on the web every day, IT organizations often cannot track which AI systems their employees are accessing or what they are doing with those systems. there is. WitnessAI's internal research found that nearly 90% of CISOs struggle to get a clear picture of their employees' usage of AI.
  • lack of control – AI prevents LLM training data from one client from being used to service another client, prevents employees from gaining unauthorized access to customer data in private LLMs, and protects a company's IP presents new privacy and compliance challenges, such as blocking Shared with public LLMs such as ChatGPT.
  • Lack of protection – LLMs create a new attack surface, putting companies at risk of data or financial loss. Common security risks from LLMs currently in use include instant injection, jailbreak, and hallucinations.

WitnessAI addresses these challenges and enables the safe and effective use of AI within your enterprise. The WitnessAI Secure AI Enablement Platform includes modules for observability of AI usage, policy enforcement and governance of AI usage, and protection of employee, customer, and corporate data from AI usage.The company plans to start early implementation June 2024 We already work with over 20 design partners across multiple industries.

“Building a secure AI-enabled platform that works at enterprise scale requires a dedicated team with expertise in AI and ML, red and blue teaming, and web-scale platform deployment,” he said. I am. Rick Caccia, WitnessAI CEO. “We've built things that work in the most demanding environments, including global organizations and across the cloud. The response from his CISOs we spoke to was tremendous.”

WitnessAI is deployed as an isolated cloud-based instance for each customer, encrypted with its own key to ensure data privacy and regulatory isolation. The platform intercepts activities between a user and her LLM and enforces control policies to ensure data protection and user safety. All of this happens with millisecond delay and doesn't require anything to be installed on the user's device. Achieving this requires an integrated design that blends new technologies in machine learning, attack and defense security for AI activities, and enterprise-scale web services deployment.

“For most companies, the AI ​​journey is still in its infancy.” Karim Faris, General Partner of GV. “The need for guardrails around AI use, including visibility and control over AI use, will only continue to grow. GV is excited to partner with the WitnessAI team to make AI safe for enterprises.”

“WitnessAI enables businesses of all sizes to use AI safely and effectively,” he said. Barmak Mehta, co-founder and general partner of Ballistic Ventures. “Whenever there is a big technology change, there is an opportunity for someone to build the next great platform. WitnessAI is building a new platform for enterprise AI. I'm proud of that.”

The funding will be used to accelerate the 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 at: [email protected].

About WitnessAI
WitnessAI enables secure and effective deployment of enterprise AI through public and private LLM security and governance guardrails. The WitnessAI Secure AI Enablement Platform provides visibility into employees' use of AI, controls its use with AI-oriented policies, and protects its use with data and topic security.Learn more about https://witness.ai.

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