Enkrypt AI, a Boston, Massachusetts-based company that aims to ensure the safe and compliant use of generative AI and large language models (LLMs) for enterprises, secured $2.35 million in seed funding.
SaaS Investors
The round was led by Boldcap, with backing from Berkeley SkyDeck, Kubera VC, Arka VC, Veredas Partners, Builders Fund, and AI, healthcare, and enterprise angel investors.
Founded in 2021, Boldcap is a venture capital investment firm based in Chennai, India. The firm seeks to invest in companies operating in the SaaS, and B2B, sectors across India.
About Enkrypt AI
Founded by Yale PhDs Sahil Agarwal and Prashanth Harshangi, Enkrypt AI is a company that specializes in providing a control layer for enterprise artificial intelligence within various sectors, focusing on security, compliance, and risk management. The company offers a solution that includes artificial intelligence monitoring, auditing, and attack prevention for generative models, ensuring their safe and compliant use. Its platform, Enkrypt AI Sentry, provides visibility and security, reducing vulnerabilities in LLMs and accelerating adoption across sectors including Fortune 500 companies.
Funding Details
Company: Enkrypt AI, Inc.
Raised: $2.35M
Round: Seed Round
Funding Month: February 2024
Lead Investors: Boldcap
Additional Investors: Berkeley SkyDeck, Kubera VC, Arka VC, Veredas Partners, Builders Fund
Company Website: https://www.enkryptai.com/
Software Category: AI Visibility and Security Software
Source: https://www.newsfilecorp.com/release/199583