Singulr AI Secures $10M Seed Funding to Revolutionize Enterprise AI Governance and Security

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On Tue, 18 Feb, 4:05 PM UTC

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Singulr AI, a startup focused on enterprise AI governance and security, has raised $10 million in seed funding to address the growing challenges of AI adoption in businesses. The company aims to provide tools for managing AI risks, costs, and compliance.

Singulr AI Raises $10M to Address Enterprise AI Challenges

Singulr AI, a Palo Alto and Pune-based startup, has successfully secured $10 million in seed funding to tackle the growing challenges of AI adoption in enterprises. The funding round was co-led by Nexus Venture Partners and Dell Technologies Capital, with participation from several industry executives 123.

Founders and Company Background

Founded in 2023 by Shiv Agarwal and Abhijit Sharma, Singulr AI builds upon the founders' previous success with Arkin Net, a data center security and operations firm acquired by VMware 2. The company aims to equip technology, IT, and security teams with tools to drive AI adoption at scale while ensuring safety and compliance 1.

The Singulr AI Platform

Singulr AI has launched an enterprise AI governance and security platform that offers several key features:

  1. Continuous AI Discovery: Automatically identifies and monitors AI services, large language models, and embedded AI within SaaS applications 3.
  2. Automated Risk Assessment: Evaluates AI tools and models based on data security, compliance, and organizational impact 3.
  3. Context-aware Policy Enforcement: Allows organizations to define granular rules for AI usage, protecting sensitive data and ensuring compliance 3.

The platform helps enterprises optimize AI usage, reduce expenses, and address AI-related vulnerabilities 2.

Market Context and Industry Trends

The launch of Singulr AI comes at a crucial time in the AI industry:

  • India is home to over 200 GenAI startups, with 70% offering solutions to enterprises 1.
  • Indian AI startups have raised more than $1.2 billion in funding since 2020 1.
  • Over 75% of employees use unapproved AI tools, increasing the risk of data exposure 2.
  • The rise of agentic AI has further increased the complexity of enterprise AI governance 2.

Funding Allocation and Future Plans

Singulr AI plans to use the funds to:

  1. Expand its engineering team
  2. Enhance platform capabilities
  3. Scale go-to-market efforts 2

The company's engineering and product development teams are based in Pune, with a global workforce of 22 employees 2.

Industry Perspective

Jishnu Bhattacharjee, Managing Director at Nexus Venture Partners, emphasized the transformative impact of AI on business: "AI is transforming business with a new technology stack, evolving usage patterns, and unprecedented risks -- forcing companies to rethink how they do security and governance" 2.

As AI adoption accelerates across enterprises, Singulr AI's platform addresses growing concerns around security, compliance, and redundant costs, positioning the company at the forefront of the enterprise AI governance and security market 3.

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