Trustwise Launches with $4M Funding and Introduces Optimize for AI Risk and Cost Management
Slice of Technology Team
06/21/2024
Key Highlights:
- Trustwise launches with $4M seed funding led by Hitachi Ventures, Firestreak Ventures, and Grit Ventures.
- Introduction of Optimize, a performance and risk management solution for generative AI.
- Reduces AI costs and risks by up to 15x, achieving 80% reduction in LLM costs and 64% decrease in carbon footprint.
- Aligns with AI standards such as the EU AI Act, NIST AI RMF 1.0, and more.
- Addresses AI risks including hallucinations, data leakage, and environmental impact.
Source (Business Wire)
Quotes
“ "Enterprise leaders face a double-edged sword in AI strategy: while promising next-level innovation and productivity gains, LLMs also bring significant safety risks, cost burdens, and environmental impacts." ”
Gayathri Radhakrishnan, Partner at Hitachi Ventures
Our Take:
Trustwise’s entry into the generative AI market with the launch of Optimize marks a significant step towards addressing critical issues such as cost management, safety, and environmental impact of AI technologies. The $4M seed funding from prominent investors like Hitachi Ventures underscores the confidence in Trustwise’s ability to deliver innovative solutions. Optimize’s alignment with major AI standards and regulations positions it as a pivotal tool for enterprises aiming to harness the full potential of generative AI while mitigating associated risks. This launch is timely, given the growing concerns around AI's operational costs, safety risks, and environmental footprint, making Trustwise a key player in the AI optimization landscape.
