The company has raised $27.5 million from Ballistic Ventures and GV, Google’s corporate venture arm, and plans to expand its team from 18 to 40 by the end of the year. Despite competition from tech giants and startups alike, WitnessAI is confident in its growth, with a pipeline of 25 early corporate users and a plan to become generally available in Q3.
Key takeaways:
- Rick Caccia, CEO of WitnessAI, believes that securing AI models is a real problem but can be achieved with the right controls, comparing it to having a powerful sports car that also needs good brakes and steering.
- WitnessAI's platform intercepts activity between employees and the custom generative AI models their employer is using, applying risk-mitigating policies and safeguards.
- Despite potential privacy concerns, WitnessAI maintains that all data passing through its platform is isolated and encrypted to prevent customer secrets from being exposed.
- WitnessAI has raised $27.5 million from Ballistic Ventures and GV, Google’s corporate venture arm, and plans to grow its team from 18 to 40 by the end of the year.