Trustwise Secures $4 Million in Seed Round
Trustwise, an Austin, Texas-based generative AI application performance and risk management, has officially launched with the release of its Optimize:ai product and secured $4 million in seed financing.
The funding round was led by Hitachi Ventures with participation from Firestreak Ventures and Grit Ventures.
Founded in 2019, Hitachi Ventures is the corporate venture capital arm of the Hitachi Group based in Munich, Germany. The firm seeks to invest in healthcare, the environment, and future social businesses in Europe, Israel, and North America.
The company will use the funding to accelerate the development of cost and risk-optimized generative AI prototypes for various industries, advance its go-to-market and partnership strategy, and further its research initiatives.
Founded in 2022, Trustwise helps organizations innovate confidently and efficiently with generative AI. Its flagship product, Trustwise Optimize:ai, is a first-of-its-kind generative AI application performance and risk management API that performs red teaming and provides a robust AI safety, cost, and risk optimization layer for high-stakes enterprise environments. Optimize:ai API works with any AI model, supports various cloud, on-premises, and edge architectures, and is capable of handling large-scale generative AI operations and workloads. The company is headquartered in Austin, Texas, with research labs in Cambridge, UK, and New York.
Funding Details
Company: Trustwise Inc.
Raised: $4.0M
Round: Seed Round
Funding Month: June 2024
Lead Investor: Hitachi Ventures
Additional Investors: Firestreak Ventures, Grit Ventures
Company Website: https://trustwise.ai/
Software Category: AI Safety