AI And ML Monitoring Company CalypsoAI Raises $13 Million

By Dan Anderson ● July 24, 2020
  • CalypsoAI — a leader in validation, security, and monitoring for Artificial Intelligence (AI) and machine learning (ML) — announced that it has raised $13 million in Series A funding

CalypsoAI — a leader in validation, security, and monitoring for Artificial Intelligence (AI) and machine learning (ML) — announced that it has raised $13 million in Series A funding. This round of funding was led by Paladin Capital Group with participation from Lockheed Martin Ventures, 8VC, Frontline Ventures, Lightspeed Venture Partners, Manta Ray Ventures, Pallas Ventures and several other financial and strategic investors.

This round of funding will enable CalypsoAI to expand globally, increase adoption among customers, and progress with innovation.

How does CalypsoAI work? The company’s solutions address one of the most important challenges of the digital age: securing the automated future. As artificial intelligence expands into mission critical systems, capability gaps have developed in the ability for teams to validate, monitor, and ultimately secure these autonomous systems. And CalypsoAI helps its clients accelerate their automated future by solving for these capability gaps that would otherwise either cause AI to fail or could prevent broad adoption by security and compliance conscious organizations.

In order to do this, CalypsoAI is advancing the science behind Trusted AI, ranging from AI accreditation to defenses against adversarial machine learning attacks. And CalypsoAI turns these scientific advancements into actionable software tools. Plus its software is relied upon to give the ground truth view of artificial intelligence performance, reliability, and security.

CalypsoAI’s approach puts the human directly into the artificial intelligence development and utilization loop by allowing developers and operators deep insight into model behavior while allowing for stress tests and ongoing performance monitoring.

Earlier this year, the company announced the creation of CalypsoAI Labs. Based in the Washington, DC area, CalypsoAI Labs works extensively with government agencies, universities, and private firms to develop tailored applications and expert solutions to enhance the AI security capabilities focused on national security.

KEY QUOTES:

“We are excited to continue our growth with the backing of Paladin and some of the leading venture firms in the industry. Their support allows us to rapidly expand while providing our clients with the solutions to accelerate their adoption of secure, trusted AI.”

— Neil Serebryany, founder and CEO of CalypsoAI

“We’re delighted to partner with CalypsoAI in its mission to provide powerful solutions that enable organizations to confidently adopt AI technologies at scale. The founding team’s experience across DoD, DARPA, and world-class cybersecurity companies is the ideal blend of talent to deliver their technology platform that solves these complex issues for commercial enterprise, critical infrastructure, and government customers.”

— Mourad Yesayan, Managing Director at Paladin — who will join CalypsoAI’s Board of Directors

“The future of responsible AI is of the utmost importance to Lockheed Martin customers. We are thrilled to be investing in CalypsoAI and partnering to help engineer generation-after-next AI solutions. As the venture capital arm of one of the largest aerospace and defense corporations, we are more than just a source of capital. Our world-class engineers keep people safe through secure systems, platforms, and advanced technologies every day.”

— Chris Moran, General Manager and VP of Lockheed Martin Ventures