Enterprise artificial intelligence security and governance platform startup Singulr AI Inc. today officially launched with an announcement that it has raised $10 million in funding to scale up its platform and enhance its AI risk management capabilities.

The company was founded by Shiv Agarwal and Abhijit Sharma, who previously built Arkin Net Inc., which was acquired by VMWare Inc. in 2016. Singulr has been designed to help enterprises gain full visibility into their AI usage, mitigate security risks and optimize costs.

The service seeks to address the issues wherein, as AI adoption accelerates, businesses face increasing challenges in managing unapproved AI tools, securing proprietary data and enforcing governance policies across diverse applications and models. It provides a centralized solution to address these concerns that ensures that organizations can scale AI securely while maintaining compliance with industry regulations.

The platform offers continuous AI discovery that automatically identifies and monitors AI services, large language models and embedded AI within software-as-a-service applications. The AI discovery allows enterprises to track approved and unauthorized AI tools, providing deep insights into usage patterns, data exposure risks and potential inefficiencies. Through the use of real-time monitoring, businesses can also proactively detect shadow AI — unvetted AI tools used by employees that may expose intellectual property or sensitive company data.

Singulr also delivers automated risk assessment that evaluates AI tools and models based on factors including data security, compliance and organizational impact. The system assigns risk scores that allow security and information technology teams to quickly approve, restrict or flag AI services based on their level of risk, reducing manual oversight while ensuring that only secure and compliant tools are used within the enterprise.

Additionally, the platform includes context-aware policy enforcement that allows organizations to define granular rules for AI usage. Users can implement policies to permit, restrict, warn, redact or trigger security workflows based on the context of AI interactions to ensure that sensitive data is protected, unauthorized AI use is minimized, and compliance frameworks are consistently applied across all AI-driven operations.

“Companies are experiencing explosive growth in AI adoption across employees, partners and vendors – but this surge comes with mounting security risks and costs,” said Chief Executive Shiv Agarwal. “Through our extensive market research, we recognized that the broad use of generative AI technology is a complex problem needing an enterprise-grade solution to scale and secure. We started Singulr to help enterprises rapidly adopt and operationalize powerful new AI technologies while managing costs and minimizing risk.”

The seed funding for Singulr came from Nexus Venture Partners and Dell Technologies Capital Inc., with a number of leading industry executives also participating in round.

Image: Singulr