PRESS RELEASE
SHORT HILLS, N.J., Oct. 26, 2023 /PRNewswire/ — Skull, the main enterprise AI safety and belief software program agency, at the moment introduced that the corporate has raised $25 million in Collection A funding. Telstra Ventures led the spherical with participation from KPMG LLP and SYN Ventures. Each taking part traders beforehand supplied seed funding when Skull emerged from stealth six months in the past and spun out of KPMG with extra funding from SYN Ventures.
The brand new spherical brings Skull’s complete funding to $32 million. The funds shall be used for innovation, analysis and improvement (R&D), and enterprise growth. Skull’s latest spherical will construct firm progress, strengthen buyer momentum, and speed up Skull Enterprise software program platform innovation by product improvement; scale go-to-market methods, together with gross sales and advertising and marketing efforts; permit funding in R&D to additional visibility into the safety of AI methods; improve safety, regulation, and compliance in AI/ML environments towards adversarial threats; and reinforce its groups and clients with extra help.
“AI is being embedded into each enterprise course of and performance at an unprecedented pace. Prioritizing accountable AI now, originally of the AI revolution, will permit enterprises to scale extra successfully and never run into main roadblocks and compliance points later,” stated Jonathan Dambrot, CEO and Co-Founding father of Skull. “We’re honored and deeply grateful for the help from our clients and traders whose dedication to Skull solely fuels our dedication to offer unparalleled visibility, belief, and a brand new degree of safety in the case of your entire AI ecosystem of any group.”
Skull helps organizations acquire confidence within the AI-enabled merchandise in providers they’re each creating and utilizing. Skull’s software program is custom-built to handle the hole between information science, compliance, and cybersecurity groups by offering a single supply of fact for AI safety dangers, which is completed in a method that avoids requiring groups to alter their processes, instruments, or workflows; its worth is guaranteeing AI methods are safe, reliable, and compliant, correctly dealing with very important assets reminiscent of well being, monetary, and client information to fulfill compliance laws.
“The speedy price of innovation fueled by the emergence of GenAI capabilities has generated recent challenges for cybersecurity groups, elevating new questions over compliance, trustworthiness, and safety of their AI/ML environments,” stated Marcus Bartram, Common Associate at Telstra Ventures. “Skull stands on the forefront of AI safety and belief software program, empowering organizations to navigate the crowded cybersecurity business with its groundbreaking product and pioneering improvements addressing enterprises’ pressing wants grappling with AI regulation, compliance, and safety frameworks. We’re thrilled to spend money on the staff at Skull and are assured within the great impression they’re poised to make.”
Since its inception, Skull’s dedication to creating AI safety attainable by working with world leaders in well being sciences, monetary providers, client packaged items, and retail showcases its versatility and holistic view of the AI business. Because the first-ever expertise spinout out of KPMG’s startup incubator, Skull’s mission is to safe the AI revolution, enabling organizations to safe their AI applied sciences. Skull’s distinctive design and options, grounded in years of business expertise and high-level partnerships, lend it a definite edge within the more and more crowded cybersecurity market.
About Skull
Skull is the main enterprise AI safety and belief software program agency, enabling organizations to achieve visibility, safety, and compliance throughout their AI and GenAI methods. Organizations can map, monitor, and handle their AI/ML environments towards adversarial threats with out interrupting how groups prepare, take a look at, and deploy their AI fashions by its Skull Enterprise software program platform. The Skull platform additionally permits organizations to rapidly collect and share details about the trustworthiness and compliance of their AI fashions with their third events, shoppers, and regulators. Incubated and funded in stealth within KPMG Studio, Skull helps cybersecurity and information science groups perceive that AI impacts their methods, information, or providers all over the place. Safe your AI at Skull.AI.
About Telstra Ventures
Telstra Ventures Accelerates the Extraordinary – we gasoline the expansion of standout disruptors. In our first eleven years, 96 investments have generated 38 liquidity occasions together with Auth0, BigCommerce, Field, CrowdStrike, DocuSign, Rancher, Skillz, Snap, and Whispir. So far, our Income Acceleration Platform has pushed > US$500 million in income for our portfolio firms, extending their attain throughout Australia, Asia, UK and the US. In 2022, we introduced the shut of our third fund, bringing Funds Beneath Administration to US$1 Billion. To see our full portfolio and study extra, go to www.telstraventures.com.
