Enkrypt AI Secures $2.35 Million Investment to Combat Rogue Chatbots

Enkrypt AI, a Boston-based startup, has successfully concluded a funding round of $2.35 million. Co-founded by Prashanth Harshangi and Sahil Agarwal, Enkrypt AI aims to address concerns surrounding the behavior of artificial intelligence (AI) chatbots, particularly instances where they produce inaccurate or inappropriate responses. Key Points: Addressing Industry Concerns: Enkrypt AI seeks to alleviate concerns […] The post Enkrypt AI Secures $2.35 Million Investment to Combat Rogue Chatbots appeared first on The Real Preneur.

Mar 4, 2024 - 12:56
 0  25
Enkrypt AI Secures $2.35 Million Investment to Combat Rogue Chatbots

Enkrypt AI, a Boston-based startup, has successfully concluded a funding round of $2.35 million. Co-founded by Prashanth Harshangi and Sahil Agarwal, Enkrypt AI aims to address concerns surrounding the behavior of artificial intelligence (AI) chatbots, particularly instances where they produce inaccurate or inappropriate responses.

Key Points:

  1. Addressing Industry Concerns: Enkrypt AI seeks to alleviate concerns among enterprises regarding the potential risks associated with AI chatbots, such as providing incorrect information or making inappropriate recommendations.
  2. Detection and Prevention: The company has developed software that acts as a safeguard between businesses’ large language models (LLMs) and their users. This software continuously monitors interactions, identifying and preventing problematic behaviors in real time to mitigate potential harm.
  3. Advanced Testing Mechanisms: Enkrypt AI employs sophisticated testing mechanisms, known as “detectors,” to identify issues such as hallucinations or security breaches. By comparing current interactions with past responses, the software can detect discrepancies and take appropriate action.
  4. Industry Recognition: Enkrypt AI’s innovative approach has garnered attention from industry analysts and early adopters. The company’s focus on addressing a broad spectrum of GenAI issues distinguishes it from other solutions in the market.
  5. Investment and Growth Prospects: The successful funding round, led by Boldcap and supported by several prominent investors, reflects confidence in Enkrypt AI’s potential. The company aims to further develop its product and expand its partnerships to enhance AI compliance, privacy, security, and metering.

Conclusion:
With its commitment to enhancing AI integrity and security, Enkrypt AI is poised to make significant strides in the field of AI compliance and risk mitigation. As enterprises increasingly rely on AI-driven technologies, solutions like Enkrypt AI will play a vital role in ensuring the responsible and effective deployment of AI applications.

The post Enkrypt AI Secures $2.35 Million Investment to Combat Rogue Chatbots appeared first on The Real Preneur.

What's Your Reaction?

like

dislike

love

funny

angry

sad

wow

unitednewsbag United News Bag is an independent media and news organization that provides various content from entertainment, literature, politics, technology, sports, etc.