Cranium, a Short Hills, NJ-based company with a mission to secure the AI revolution by enabling organizations to secure their AI technologies, raised $25 million in Series A funding, bringing its total funding to $32 million.
SaaS Investors
The round was led by Telstra Ventures, with participation from KPMG LLP and SYN Ventures.
Founded in 2011, Telstra Ventures is a venture capital firm that provides investment in lighthouse technology companies that are commencing scale. The firm prefers to invest in seed-stage, early-stage, and later-stage companies in the United States, Australia, and Mainland China. The firm seeks to invest in cloud, consumer, data, media & mobile, network, and security sectors.
Cranium Use of Funds
The company will use the funds for innovation, research and development (R&D), business expansion, and enhancing its enterprise AI security platform.
About Cranium
Cranium is an AI security and trust software firm that enables organizations to gain visibility, security, and compliance across their AI and GenAI systems. The platform is designed to work with various industries, including health sciences, financial services, consumer packaged goods, and retail. 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. The Cranium platform also allows organizations to quickly gather and share information about the trustworthiness and compliance of their AI models with their third parties, clients, and regulators. Incubated and funded in stealth inside of KPMG Studio, Cranium helps cybersecurity and data science teams understand that AI impacts their systems, data, or services everywhere.
Funding Details
Company: Cranium AI, Inc.
Raised: $25.0M
Round: Series A
Lead Investor: Telstra Ventures
Additional Investors: KPMG LLP and SYN Ventures
Company Website: https://www.cranium.ai/
Software Category: AI Security Solutions
Source: https://www.prnewswire.com/news-releases/cranium-announces-25-million-in-series-a-funding-to-secure-ai-301968195.html