Investment Led by Telstra Ventures with Participation from KPMG LLP and SYN Ventures
Cranium, the leading enterprise AI security and trust software firm announced that the company has raised $25 million in Series A funding. Telstra Ventures led the round with participation from KPMG LLP and SYN Ventures. Both participating investors previously provided seed funding when Cranium emerged from stealth six months ago and spun out of KPMG with additional investment from SYN Ventures.
CIO INFLUENCE News: AnChain.AI and BlockTrace Join Forces to Provide Cutting Edge Solutions to National Security Sector Partners
The new round brings Cranium’s total funding to $32 million. The funds will be used for innovation, research and development (R&D), and business expansion. Cranium’s newest round will build company growth, strengthen customer momentum, and accelerate Cranium Enterprise software platform innovation through product development; scale go-to-market strategies, including sales and marketing efforts; allow investment in R&D to further visibility into the security of AI systems; enhance security, regulation, and compliance in AI/ML environments against adversarial threats; and reinforce its teams and customers with additional support.
“AI is being embedded into every business process and function at an unprecedented speed. Prioritizing responsible AI now, at the beginning of the AI revolution, will allow enterprises to scale more effectively and not run into major roadblocks and compliance issues later,” said Jonathan Dambrot, CEO and Co-Founder of Cranium. “We’re honored and deeply grateful for the support from our customers and investors whose dedication to Cranium only fuels our commitment to provide unparalleled visibility, trust, and a new level of security when it comes to the entire AI ecosystem of any organization.”
Cranium helps organizations gain confidence in the AI-enabled products in services they are both creating and using. Cranium’s software is custom-built to address the gap between data science, compliance, and cybersecurity teams by providing a single source of truth for AI security risks, which is done in a way that avoids requiring teams to change their processes, tools, or workflows; its value is ensuring AI systems are secure, trustworthy, and compliant, properly handling vital resources such as health, financial, and consumer data to meet compliance regulations.
“The rapid rate of innovation fueled by the emergence of GenAI capabilities has generated fresh challenges for cybersecurity teams, raising new questions over compliance, trustworthiness, and security of their AI/ML environments,” said Marcus Bartram, General Partner at Telstra Ventures. “Cranium stands at the forefront of AI security and trust software, empowering organizations to navigate the crowded cybersecurity industry with its groundbreaking product and pioneering innovations addressing enterprises’ urgent needs grappling with AI regulation, compliance, and security frameworks. We’re thrilled to invest in the team at Cranium and are confident in the tremendous impact they’re poised to make.”
CIO INFLUENCE News: New Synopsys Research Reveals Vast Majority of Organizations Report DevOps Delays Due to Critical Security Issues
Since its inception, Cranium’s dedication to making AI security attainable by working with global leaders in health sciences, financial services, consumer packaged goods, and retail showcases its versatility and holistic view of the AI industry. As the first-ever technology spinout out of KPMG’s startup incubator, Cranium’s mission is to secure the AI revolution, enabling organizations to secure their AI technologies. Cranium’s unique design and features, grounded in years of industry experience and high-level partnerships, lend it a distinct edge in the increasingly crowded cybersecurity market.
CIO INFLUENCE News: Virgin Pulse Collaborates with AWS to Accelerate Homebase for Health Platform Innovation and User Experience
[To share your insights with us, please write to sghosh@martechseries.com]
