On June 18, 2024, the Austin, USA-based generative AI application performance and risk management startupTrustwiseannounced it has raised $4 million in seed funding. The round was led by Hitachi Ventures, with participation from Firestreak Ventures and Grit Ventures.
The company plans to use the raised funds to accelerate the development of cost- and risk-optimized generative AI models and to speed up its go-to-market and partnership strategy, and to further advance its research initiatives.
Trustwise was founded in 2022 by Manoj Saxena, the first general manager of IBM Watson and a serial entrepreneur. The company's main business is providing Trustwise Optimize:ai, a first-of-its-kind generative AI application performance and risk management API, used to perform red teaming in high-stakes enterprise environments and provide a powerful AI safety, cost, and risk optimization layer. Trustwise is backed by leading investors across industries, is headquartered in Austin, Texas, and has research labs in Cambridge, UK, and New York.
(Source:BusinessWire）