Trustwise secures $4m from Hitachi Ventures to boost generative AI safety

Trustwise secures $4m from Hitachi Ventures to boost generative AI safety

Trustwise has officially launched, unveiling its innovative product, Optimize, alongside announcing a significant $4m seed funding.

The investment round, spearheaded by Hitachi Ventures and supported by Firestreak Ventures and Grit Ventures, marks a pivotal moment for the startup.

The funding will be instrumental for Trustwise as it accelerates the development of generative AI prototypes that are both cost and risk optimized. These efforts are targeted across various industries, aiming to enhance the company’s market presence through an aggressive go-to-market and partnership strategy while also advancing its research initiatives.

Trustwise is at the forefront of generative AI application performance and risk management. Its flagship product, Optimize, is a unique solution designed to mitigate risks and manage the escalating costs associated with deploying large language models in high-stakes environments. The company employs rigorous red teaming techniques, coupled with advanced APIs and datasets, to optimize generative AI workloads. Its solutions are aligned with major standards and regulations, such as the European Union AI Act and the NIST AI RMF 1.0.

Trustwise’s approach to generative AI goes beyond traditional models by focusing on API-based solutions that significantly reduce operational costs and carbon footprint, while enhancing safety and alignment with regulatory standards. The Optimize product has already shown promising results in current customer deployments, achieving substantial reductions in LLM and compute costs, and improving safety and alignment detection capabilities.

Trustwise CEO Manoj Saxena highlighted, “At Trustwise, we understand the challenges enterprises face with generative AI, including safety risks, high costs, and environmental impacts.

“For example, compared to a traditional Google search, a ChatGPT query costs around 36 times more, uses 1000 times more energy, and has safety issues like hallucinations and data leakage. After nearly two years of co-development with clients in highly regulated industries, the launch of Optimize:ai makes AI safe, compliant, and economically and environmentally viable.”

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