Trustwise's Groundbreaking Approach to Enhancing AI Safety and Efficiency with $4 Million Funding from Hitachi Ventures

June 20, 2024, 3:36 am
TrustWise
TrustWise
Artificial IntelligenceBusiness
Total raised: $4M
Trustwise, a trailblazer in the realm of generative AI application performance and risk management, has recently secured a substantial $4 million in funding from Hitachi Ventures. This financial boost aims to propel Trustwise's mission of revolutionizing AI safety and efficiency to new heights.

At the core of Trustwise's innovation lies their Optimize:ai product, a first-of-its-kind solution that has proven to be a game-changer in the industry. By significantly reducing operational costs by an impressive 80% and slashing carbon footprint by 64%, Optimize:ai has emerged as a frontrunner in detecting AI safety and alignment issues, outperforming other vendors on the market.

The launch of Optimize:ai marks a significant milestone for Trustwise, as it empowers developers with a powerful API to mitigate risks and streamline the deployment of large language models (LLMs) in enterprise settings. Through rigorous red teaming and optimization of generative AI workloads, Trustwise ensures that enterprises are shielded from potential AI failures and excessive costs.

Moreover, Trustwise's commitment to adhering to major AI standards and regulations, such as the European Union AI Act, NIST AI RMF 1.0, Responsible AI Institute RAISE Safety and Alignment Benchmarks, and SCI ISO software carbon intensity standard, underscores their dedication to creating safe, compliant, and sustainable AI systems.

In a landscape where AI poses a triple threat of skyrocketing expenses, environmental repercussions, and LLM vulnerabilities, Trustwise stands out as a beacon of innovation and reliability. By addressing issues such as hallucinations, sensitive data leakage, and exorbitant costs associated with AI technologies, Trustwise is paving the way for a future where AI is not only efficient and effective but also environmentally conscious.

The significance of Trustwise's Optimize:ai cannot be overstated. With the ability to cut AI costs and risks by up to 15 times, Optimize:ai has already demonstrated its prowess in achieving an 80% reduction in LLM and compute costs, a 64% decrease in carbon footprint, and the detection of 40% more AI safety and alignment issues compared to other market vendors.

Powered by THEO (Trustworthy High Efficiency Optimizer), Trustwise's optimization foundation model, Optimize:ai sets a new standard for AI safety, cost-effectiveness, and sustainability. By continuously monitoring safety and alignment, performing red teaming, and dynamically selecting models for large-scale generative AI operations, Trustwise is reshaping the landscape of AI technology.

In conclusion, Trustwise's collaboration with Hitachi Ventures and their relentless pursuit of excellence in AI safety and efficiency exemplify their commitment to driving innovation and setting new industry benchmarks. As Trustwise continues to push the boundaries of what is possible in the realm of AI technology, the future looks brighter and more promising than ever before.