Enkrypt AI Company Profile

Background

Mission and Vision

Enkrypt AI is dedicated to enhancing global safety by promoting the responsible and secure utilization of artificial intelligence (AI) technologies. The company empowers both individuals and enterprises to leverage AI's potential for the greater good.

Primary Focus and Industry Significance

Specializing in AI security, Enkrypt AI addresses critical challenges associated with deploying generative AI models. The company's solutions are pivotal in mitigating risks such as AI hallucinations, privacy breaches, and compliance violations, thereby ensuring the safe and ethical adoption of AI across various industries.

Key Strategic Focus

Core Objectives

AI Security and Compliance: Developing platforms that detect, remove, and monitor threats in AI applications to ensure secure deployment.

Risk Management: Providing tools to evaluate AI systems against operational and reputational risks throughout development and deployment phases.

Areas of Specialization

Generative AI Security: Focusing on securing generative AI models by addressing vulnerabilities like hallucinations and data leaks.

Industry-Specific Solutions: Offering tailored security measures for sectors such as finance, healthcare, technology, and insurance.

Key Technologies Utilized

Automated Risk Detection: Implementing industry-specific red teaming to simulate attack scenarios and detect risks before AI models go into production.

Real-Time Guardrails: Deploying customized detectors for input, output, and data ingestion to safeguard against risks like data leakage and bias.

Continuous Monitoring: Providing real-time visibility into AI performance and risks, ensuring compliance with industry regulations and internal policies.

Primary Markets Targeted

Finance: Securing AI-enabled financial services and chatbots.

Healthcare: Ensuring compliance and safety in AI applications within the healthcare sector.

Technology: Safeguarding data that powers generative AI applications.

Insurance: Ensuring reliable and compliant customer-facing AI chatbots.

Financials and Funding

Funding History

Enkrypt AI has successfully raised $2.35 million in seed funding to develop a visibility and security layer for generative AI models.

Notable Investors

The company is backed by forward-thinking investors who share its vision for secure and responsible AI deployment.

Utilization of Capital

The funds are allocated towards enhancing the company's AI security platform, expanding research and development efforts, and scaling operations to meet the growing demand for AI security solutions.

Pipeline Development

Key Products and Services

Enkrypt AI Sentry: A secure AI gateway providing visibility and protection against vulnerabilities in generative AI, ensuring safe and compliant use.

Control Layer for Enterprise AI: An end-to-end solution for generative AI security, compliance, and risk management, featuring monitoring, auditing, and attack prevention.

AI Visibility for Governance: Tools enabling tracking and understanding of AI application usage and performance across enterprises.

AI Guardrails for Enhanced Safety: Automated redaction of sensitive information to maintain data privacy and protect enterprise data integrity.

AI Compliance Across Organizations: Ensuring adherence to AI compliance standards, reducing legal risks through automated policy enforcement and monitoring.

AI Security Across Assets: Providing model-level authentication to secure deployments and prevent sensitive information leaks.

Development Stages and Timelines

Enkrypt AI has been actively publishing research to advance AI safety and robustness:

July 2022: Additional security research (details pending publication).

April 2024: Additional security research (details pending publication).

July 2024: Novel testing approach improves LLM safety and robustness.

Coming Soon: Fourth paper approved and forthcoming.

Technological Platform and Innovation

Proprietary Technologies

Automated AI Risk Detection with Red Teaming: Simulating attack scenarios with industry-specific variations to detect risks before AI deployment.

Real-Time Risk Removal with Guardrails: Implementing customized detectors to remove and safeguard against detected risks like data leakage and bias.

Continuous Monitoring: Providing real-time visibility into AI performance and risks, ensuring compliance readiness.

Significant Scientific Methods

Industry-Specific Red Teaming: Simulating attack scenarios tailored to specific industries to identify vulnerabilities.

Customized Detectors: Developing detectors for input, output, and data ingestion to maintain data privacy and integrity.

Real-Time Monitoring: Offering continuous insights into AI performance and risk management.

Leadership Team

Executive Profiles

Sahil Agarwal: Co-founder & CEO.

Prashanth H: Co-founder & CTO.

Divyanshu K: AI Research Engineer.

Tanay Baswa: Founding AI Researcher.

Vaibhav A: Software Development Engineer.

Nitin Birur: AI Researcher.

Akhil Mandepudi: Platform Engineer.

Rohith Shetty: UX Design Manager.

Anubhab Sahoo: Visual Designer.

Adesh S: UI Developer.

Nathan Trueblood: Product.

Harsha M: Go-To-Market.

Sanjeev Kumar: Go-To-Market.

Sekhar Sarukkai: Go-To-Market.

Raghu Chandra: Go-To-Market.

Competitor Profile

Market Insights and Dynamics

The AI security market is experiencing rapid growth, driven by increasing adoption of AI technologies across various sectors. Organizations are seeking robust solutions to mitigate risks associated with AI deployment, creating a competitive landscape for AI security providers.

Competitor Analysis

Enkrypt AI faces competition from several companies offering AI security and compliance solutions:

CRW Innovations (CRWI): Provides IT, artificial intelligence, and security services.

Fairwords: Offers AI communication compliance software.

cbb software: Specializes in software development.

Northwave: Provides cybersecurity services.

Additionally, companies like Codeium, SurePath AI, and Langdock offer AI-powered solutions that, while not direct competitors, operate in adjacent spaces within the AI security and compliance landscape.

Strategic Collaborations and Partnerships

Enkrypt AI collaborates with industry leaders to enhance its offerings and expand its market reach. For instance, the company has integrated its generative AI risk capabilities and advanced guardrails with Skyhigh Security's Cloud Access Security Broker (CASB) offerings, empowering customers with real-time visibility and control over AI-driven risks.

Operational Insights

Strategic Considerations

Enkrypt AI differentiates itself through a comprehensive AI security platform that addresses the full spectrum of risks associated with generative AI. By focusing on automated risk detection, real-time risk removal, and continuous monitoring, the company offers a robust solution that appeals to enterprises seeking to deploy AI securely and responsibly.

Competitive Advantages

Industry-Specific Solutions: Tailoring security measures to the unique needs of various sectors.

Comprehensive Platform: Offering end-to-end AI security, compliance, and risk management solutions.

Proven Expertise: Led by a team of experienced professionals with backgrounds in mathematics, physics, and computer science.

Strategic Opportunities and Future Directions

Strategic Roadmap

Enkrypt AI aims to continue advancing its AI security platform by incorporating the latest research and technological innovations. The company plans to expand its product offerings to address emerging AI security challenges and to cater to a broader range of industries.

Opportunities for Expansion