Trustwise Announces Official Launch and $4M Seed Financing

Gunderson Dettmer represented client Trustwise, a generative AI application performance and risk management system, in its official launch, the release of its Optimize:ai product, and its $4 million seed financing, led by Hitachi Ventures. Cutting AI costs and risks by up to 15 times, Trustwise Optimize:ai offers developers with an API to eliminate risks and reduce the growing costs associated with deploying large language models (LLMs) in high-stakes enterprise environments. The company will use the new capital 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.

In the announcement of the transaction, Trustwise CEO and founder Manoj Saxena said, “At Trustwise, we understand the challenges enterprises face with generative AI, including safety risks, high costs, and environmental impacts. For example, compared to a traditional Google search, a ChatGPT query costs around 36 times more, uses 1000 times more energy, and has safety issues like hallucinations and data leakage. After nearly two years of co-development with clients in highly regulated industries, the launch of Optimize:ai makes AI safe, compliant, and economically and environmentally viable.”

The Gunderson Dettmer deal team was led by Wes Watts and included Emma Anderson.

Companies
Trustwise
Hitachi Ventures