Generative AI and large language models (LLMs) present an opportunity for enterprises to gain new efficiencies and improve functionality, however, the safety and security of such technology remains an obstacle.
Enkrypt AI is announcing a $2.35M funding round to solve this problem for enterprises, ensuring their use of generative AI and LLMs is safe, secure and compliant.
The seed funding round was led by Boldcap with participation from Berkeley SkyDeck, Kubera VC, Arka VC, Veredas Partners, Builders Fund and angel investors in the AI, healthcare and enterprise space.
Sahil Agarwal, Co-founder and CEO of Enkrypt AI commented: “Businesses are really excited about using LLMs, but they’re also worried about how trustworthy they are and the uncertain regulatory landscape. Based on our conversations with CIOs, CISOs and CTOs, we are convinced that for LLMs to be widely adopted, it must be built on a foundation of security, privacy, and compliance. With Sentry, we are merging visibility and security, to ultimately align with and support adherence to regulatory frameworks like the White House Executive Order on AI, the EU AI Act, and other AI-centric regulations, laying the groundwork for safe and compliant AI integration.”
Prashanth Harshangi, Co-founder and CTO at Enkrypt AI commented: “As the benefits of AI become ever more tangible, so do the risks. Our platform does more than just detect vulnerabilities; it equips developers with a comprehensive toolkit to fortify their AI solutions against both current and future threats. We’re championing a paradigm where trust and innovation coalesce, enabling the deployment of AI technologies with the confidence that they are as secure and reliable as they are revolutionary.”
The safety of AI has been a key concern for policymakers and experts. Earlier this month, the US Government’s NIST standards body established an AI safety consortium.
In an era where generative AI is becoming a transformative force across industries, safeguarding these systems goes beyond best practice – it’s a necessity.
Sahil Agarwal added: “Our mission at Enkrypt AI is to provide the tools that allow enterprises to not only harness the incredible potential of generative AI but to do so with the utmost confidence in the security and compliance of their applications. With the support of our investors and the advanced capabilities of our platform, we are setting a new standard in AI safety – protecting users and organizations against emerging threats while enabling the wider adoption of AI innovations in a responsible manner.”
Sathya Nellore Sampat, General Partner at BoldCap – “We are super excited to be backing practitioners like Sahil and Prashanth who are at the intersection of Security and Gen AI.
Enterprise security is non-negotiable. With the explosive growth of Gen AI and LLM usage within companies, the attack surface has dramatically increased. Enkrypt is the command center to control, monitor and have visibility across Gen AI initiatives.”
