Trustible – a software company that helps organizations accelerate Responsible AI governance to maximize trust and manage risk – announced it recently came out of stealth and they have raised $1.6 million in funding led by Harlem Capital with participation from VamosVentures as well as angel investors including Julius Genachowski (Managing Director at Carlyle and former Chair of the Federal Communications Commission), Tim Hwang and Gerald Yao (FiscalNote Co-Founders), Jim Hunt (Managing Partner at Lavrock Ventures /former Ernst & Young Technologies CEO / Capgemini Technologies President), Joe Zhao (Millennia Capital and former Federal Reserve), and Neal Parikh (Columbia University / former Director of AI for the City of New York), and other strategic angel investors.
As AI technology accelerates and continues permeating industries worldwide, concerns over ethical and responsible deployment are becoming paramount. With a mission of maximizing trust, managing regulatory and reputational risks, and offering transparency in AI applications, Trustible is empowering organizations to confidently adopt AI technologies in a rapidly evolving regulatory environment.
The company was founded by Gerald Kierce and Andrew Gamino-Cheong, former early employees and executives at FiscalNote (a leading AI-driven enterprise SaaS technology provider of global policy and market intelligence). They spent nearly a decade applying AI to the policy landscape and are now applying global policy to the AI space. Plus FiscalNote was recently selected as one of OpenAI’s first plugin partners for ChatGPT.
The recent funding round is enabling Trustible to scale its team, accelerate growth, and further develop its product, designed to help customers seamlessly adopt Responsible AI industry standards like NIST’s AI Risk Management Framework and comply with emerging regulations, including the European Union’s AI Act.
The company is also collaborating with a select group of pilot customers spanning the technology, financial services, and healthcare sectors.
KEY QUOTES:
“The Trustible team has strong experience scaling technology companies at the intersection of AI and policy. We’re thrilled to support Trustible as they become leaders in the Responsible AI Governance space to help organizations comply with a complex and evolving global regulatory landscape.”
- Henri Pierre-Jacques, Managing Partner at Harlem Capital
“Societal trust in AI is critical in ensuring the technology is benefiting humanity, particularly with the advent of Generative AI. We’re thrilled to launch Trustible to enable legal and AI/ML teams to foster transparency, accountability, and trust in their AI systems.”
- Gerald Kierce, Co-Founder & CEO of Trustible
“We are delighted to welcome Trustible as a Member of the Responsible AI Institute. Trustible will become a key technology provider for organizations looking to map, govern, manage, and measure their AI governance priorities.”
- Ashley Casanova, Executive Director of the RAI Institute
“As ethical and regulatory challenges arise with the use of AI, Trustible will play a crucial role in establishing trust and managing the risks associated with AI innovations.”
- Ivan Caballero, CEO of Citibeats
