Tuesday, July 2, 2024

Knostic Raises $3.3M for Enterprise GenAI Entry Management

PRESS RELEASE

RESTON, Va. and TEL AVIV, Israel, April 11, 2024/PRNewswire-PRWeb/ — Knostic, the world’s first supplier of need-to-know entry controls for Generative AI, emerges right now from stealth, having been named one of many high three finalists for the 2024 RSA Convention Launch Pad competitors.

Organizations are quickly adopting Giant Language Fashions (LLMs) and instruments corresponding to Microsoft Copilot and Glean to create ChatGPT-like techniques, however with their very own institutional information. Such techniques additionally introduce enterprise dangers, primarily by exposing content material outdoors of an worker’s need-to-know, e.g., bonuses, gross sales income, and mergers and acquisition info. With Knostic, staff can entry the whole lot they want, however with solutions formed to only what they should know so as to do their job per organizational coverage.

“Microsoft Copilot, Glean, and different LLMs are akin to a race automobile engine. Information is the gas. However who would need to drive quick with out brakes? We’re the brakes, giving enterprises the arrogance to speed up their adoption of LLMs, whereas making certain the protection of their most beneficial belongings,” mentioned Sounil Yu, co-founder and CTO of Knostic.

Knostic’s providing additionally helps organizations with the early adoption stage, understanding their publicity to need-to-know violations and the trail in the direction of protected implementation of LLM-based instruments. Legacy approaches for information safety corresponding to permission-based entry management fall quick on the LLM age, and new approaches are wanted.

Gadi Evron, co-founder and CEO of Knostic, additional elaborated: “From a misfiled payroll spreadsheet and a delicate presenter remark left in a template, and even secrets and techniques inferred from legitimately accessible content material, LLMs speed up the invention of dangerous, and doubtlessly harmful info to anybody who asks. Knostic goes past legacy permission fashions and shapes entry primarily based on precise consumer need-to-know.”

Based in late 2023 by cybersecurity veterans Gadi Evron (serial entrepreneur, beforehand from Citibank and PwC) and Sounil Yu (former Chief Safety Scientist at Financial institution of America), Knostic raised a $3.3M pre-seed financing spherical, with participation from Protect Capital, Pitango First, DNX Ventures, and Seedcamp, in addition to angel traders Kevin Mahaffey (Lookout), David Cross (Rain Capital), Bryson Bort (SCYTHE), Travis McPeak (Resourcely), Matthew Honea (Ahead Networks), and others.

Raj Shah of Protect Capital: “Security is a important enabler for enterprise adoption of Giant Language Fashions,” mentioned Raj Shah, Managing Companion at Protect Capital. “We’re proud to be partnered with Gadi and Sounil who’re constructing breakthrough options at Knostic.ai.”

Admr. Mike Rogers(Ret.), former head of the NSA: “Knostic’s distinctive method round need-to-know personalization is what unlocks LLMs for enterprises, to not point out within the DoD area. I am excited for the journey forward.”

About Knostic

Knostic is the world’s first supplier of need-to-know primarily based entry controls for Giant Language Fashions (LLMs). With knowledge-centric capabilities, Knostic allows organizations to speed up the adoption of LLMs and drive AI-powered innovation with out compromising worth, safety, or security.

For extra particulars, go to https://www.knostic.ai/



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