On May 21, 2024, the AI security and governance platform startup headquartered in San Mateo, California, USA,WitnessAIannounced it had raised $27.5 million in Series A funding, co-led by GV and Ballistic Ventures.
The company plans to use the raised funds to accelerate the development of new AI regulatory measures and expand its team to build a global sales and support organization.
WitnessAI was founded in 2023 and incubated by Ballistic Ventures. The company's founder is Rick Caccia, who also serves as CEO. WitnessAI provides a secure AI usage platform that helps enterprises adopt AI safely and effectively by providing security and governance safeguards for public and private large language models (LLMs). Its platform provides visibility into employee AI usage, controls usage through AI-oriented policies, and protects usage through data and subject security.
(Source:PR Newswire）