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Cranium secured $25M in a Series A funding led by Telstra Ventures to innovate AI security.

Mar 04, 2024almost 2 years ago

Amount Raised

$25 Million

Round Type

series a

Short HillsSoftware

Investors

Syn VenturesKpmg LlpTelstra Ventures

Description

Cranium, the premier enterprise AI security and trust software firm, announced the securing of $25 million during its Series A funding round. The round was led by Telstra Ventures with contributions from KPMG LLP and SYN Ventures, bringing Cranium's total funding to $32 million, earmarked for innovation, R&D, and business expansion.

Company Information

Company

Cranium Al

Location

1200 MORRIS TURNPIKE

Short Hills, New Jersey, United States

About

Cranium is the leading enterprise AI security and trust software firm, enabling organizations to gain visibility, security, and compliance across their AI and GenAI systems. Organizations can map, monitor, and manage their AI/ML environments against adversarial threats without interrupting how teams train, test, and deploy their AI models through its Cranium Enterprise software platform. The Cranium platform also allows organizations to quickly gather and share information about the trustworthiness and compliance of their AI models with their third parties, clients, and regulators. Incubated and funded in stealth inside of KPMG Studio, Cranium helps cybersecurity and data science teams understand that AI impacts their systems, data, or services everywhere. Secure your AI at Cranium.AI.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech