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Trustwise raises $4M in seed financing led by Hitachi Ventures

Jun 19, 2024•about 1 year ago

Amount Raised

$4 Million

Round Type

seed

AustinMachine LearningArtificial IntelligenceSoftware

Investors

Grit VenturesFirestreak VenturesHitachi Ventures

Description

Trustwise, a company specializing in generative AI application performance and risk management, raised $4M in seed financing led by Hitachi Ventures, with participation from Firestreak Ventures and Grit Ventures. The company intends to use the funds to speed up the development of cost and risk optimized generative AI prototypes for various industries, accelerate its go-to-market and partnership strategy, and further its research initiatives.

Company Information

Company

Trustwise

Location

Austin, Texas, United States

About

Trustwise Optimize:ai is a first-of-its-kind generative AI application performance and risk management solution that provides developers with an API to eliminate risks and reduce the growing costs associated with deploying large language models (LLMs) in high-stakes enterprise environments.

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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