Highlights:

  • According to Securiti, generative AI has made it more critical than ever to protect compliance, openness, and trust as organizations depend more and more on AI for automation, innovation, and decision-making.
  • Venture finance has funded Securiti, a business that raised USD 75 million in October 2022 and then took on further funding in March 2023.

Securiti Inc., a unified data control company, announced the launch of “AI Governance,” a new system that provides thorough management of artificial intelligence (AI) compliance and risk across organizations.

AI governance integrates data security, privacy measures, risk assessment, and the identification and mapping of AI models. Additionally, the solution assists organizations in complying with over 20 rules and standards, including the European Union Artificial Intelligence Act, the National Institute of Standards and Technology Artificial Intelligence Risk Management Framework, and others.

According to Securiti, generative AI has made it more critical than ever to protect compliance, openness, and trust as organizations depend more and more on AI for automation, innovation, and decision-making. The new AI Governance solution, based on Securiti’s Data Command Centre, enables businesses to manage the difficulties posed by generative AI, make wise decisions, maximize operational effectiveness, and foster a culture of trust.

Enhancing human comprehension and control over AI systems is one of the main goals of AI governance. AI Model Discovery locates and catalogs AI models dispersed over private settings, software-as-a-service apps, and public clouds, giving enterprises a comprehensive understanding of their AI ecosystem.

A thorough risk assessment procedure analyses the hazards related to data and AI models from infrastructure as a service and SaaS sources to further classify AI models following international legal standards. By doing this, companies can ensure they understand their compliance status and AI-related vulnerabilities.

The system also connects AI models with their data sources, processing routes, vendors, possible hazards, and compliance requirements by continuously mapping and monitoring data and AI flows. Strict data management standards are established for both the inputs and outputs from AI models using advanced data and AI controls, guaranteeing the safe handling of sensitive data throughout its lifecycle.

Rehan Jalil, Chief Executive, said, “AI systems are integral to business operations, but without proper governance structures, organizations face risks ranging from shadow AI to data privacy and regulatory compliance. The absence of proper governance structures can also lead to legal penalties, reputational damage, operational inefficiencies, and flawed business decisions.”

Venture finance has funded Securiti, a business that raised USD 75 million in October 2022 and then took on further funding in March 2023. Among the investors are General Catalyst Group Management LLC, Mayfield Fund, Capital One Financial Corp., and Citi Ventures LLC.