Cranium, the enterprise AI security and trust software firm, has raised $25 million in Series A funding round led by Telstra Ventures with participation from KPMG LLP and SYN Ventures. Both participating investors previously provided seed funding when Cranium emerged from stealth six months ago and spun out of KPMG with additional investment from SYN Ventures.
The new round brings Cranium’s total funding to $32 million. The company plans to use the funds for innovation, research and development (R&D), and business expansion.
According to the company, the latest funding round will build company growth, strengthen customer momentum, and accelerate Cranium Enterprise software platform innovation through product development; scale go-to-market strategies, including sales and marketing efforts; allow investment in R&D to further visibility into the security of AI systems; enhance security, regulation, and compliance in AI/ML environments against adversarial threats; and reinforce its teams and customers with additional support.
Cranium helps organizations gain confidence in the AI-enabled products in services they are both creating and using. Cranium’s software is custom-built to address the gap between data science, compliance, and cybersecurity teams by providing a single source of truth for AI security risks.