Jaxon AI Company Profile

Background

Overview

Founded in 2017, Jaxon AI is a Boston-based company specializing in artificial intelligence solutions aimed at enhancing the reliability and efficiency of AI applications. The company's mission is to empower businesses across various sectors by providing AI tools that automate operations, boost efficiency, and deliver superior outcomes. Jaxon's flagship product, Domain-Specific AI Logic (DSAIL), is designed to significantly reduce AI hallucinations, thereby improving the accuracy and trustworthiness of AI outputs.

Key Strategic Focus

Core Objectives

• AI Reliability Enhancement: Developing tools like DSAIL to minimize AI hallucinations and ensure dependable AI outputs.

• Rapid Prototyping: Enabling users to train custom AI models swiftly, reducing the time from hypothesis to production-ready models from months to days.

• Automation of AI Lifecycle: Utilizing AI to automate data preparation and model training, thereby alleviating common bottlenecks in AI adoption.

Primary Markets

Jaxon AI caters to decision-makers in the Financial Services, Insurance, and Life Sciences sectors, including Chief Technology Officers, data science leaders, and analytics groups.

Financials and Funding

Funding History

• SBIR Phase II Contract: In July 2022, Jaxon was awarded a $750,000 Small Business Innovation Research (SBIR) Phase II contract by the U.S. Air Force to develop AutoSpec, a tool aimed at automating the AI-creation process.

• MassVentures START Award: In June 2022, the company received a $100,000 START award from MassVentures to support the commercialization of AutoSpec.

Utilization of Capital

The funds have been directed towards the development and commercialization of AutoSpec, enhancing Jaxon's capabilities in automating AI model creation and deployment.

Pipeline Development

Key Products

• DSAIL: A tool designed to reduce AI hallucinations by providing verification and validation guardrails, ensuring the reliability of AI applications.

• AutoSpec: An interactive AI-driven design studio that utilizes machine learning models and data as building blocks to create custom AI applications.

Development Stages

• AutoSpec: Currently in the commercialization phase, following successful development under the SBIR Phase II contract.

Target Conditions

Jaxon's products are aimed at sectors requiring high AI reliability, including defense, financial services, insurance, and life sciences.

Anticipated Milestones

• 2023: Full commercialization and deployment of AutoSpec across targeted industries.

Technological Platform and Innovation

Proprietary Technologies

• DSAIL: Facilitates the formal expression of domain knowledge, constraints, and assertions, acting as a bridge between natural language and structured computational tools required for mathematical solving.

Scientific Methodologies

• AutoML: Automates the process of selecting and tuning machine learning models, reducing the need for extensive human intervention.

• Weak Supervision: Utilizes limited labeled data to train models effectively, reducing the time and cost associated with data labeling.

• Transfer Learning: Applies knowledge gained from one domain to improve learning in another, enhancing model performance and efficiency.

Leadership Team

• Scott Cohen, CEO: Co-founder of Jaxon, with extensive experience in AI and machine learning.

• Greg Harman, CTO: Co-founder and Chief Technology Officer, specializing in AI technologies and product development.

• Matthew Graziano, VP of Product & Delivery: Oversees product strategy and delivery, ensuring alignment with customer needs.

• Paul Resten, VP of Business Development: Leads business development initiatives, focusing on expanding Jaxon's market presence.

• Charlotte Green, Director of Capture Management: Manages strategic capture processes to secure new business opportunities.

National Security Advisors

• Michael Brown: Rear Admiral (Ret.), former Director for Cybersecurity at DHS.

• James R. Cluff: USAF Brigadier General (Retired), former Joint Staff Deputy Director for Global Intelligence, Surveillance, & Reconnaissance Operations.

• Keith Davids: Commander Naval Special Warfare Command, former Director of the White House Military Office.

• Daniel Fata: Former Deputy Assistant Secretary of Defense for Europe and NATO.

• Carla Lucchino: Former Assistant for Administration to the Secretary of the Navy.

• Alan Schaffer: Former Science & Technology Director, NATO Collaboration Support Office.

• Dr. Starnes E. Walker: Former CTO for Cyber, US Navy at Ft. Meade.

• Bryan S. Ware: First Presidentially-appointed director for Cyber Security at CISA.

Financial Services Advisors

• Dr. Evan Schnidman: Founder of Prattle, an NLP platform for investment analytics.

• Bruce Fador: Former CEO of First Call, WorldStreet, and Weiss Ratings.

• Evan Weinshel: Senior Alliances Director at Seismic.

• Stevyn Schutzman: Managing Partner at Lyons Road Capital.

• Jeremy Baksht: Senior Director at Walmart Data Labs.

Healthcare & Life Sciences Advisors

• Alan Nugent: