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AI Cybersecurity Company CalypsoAI Raises $13 Million

CalypsoAI, a California-based company that specializes in artificial intelligence and machine learning cybersecurity, announced this week that it has raised $13 million in a Series A funding round.

The round was led by Paladin Capital Group, with participation from Lockheed Martin Ventures, 8VC, Frontline Ventures, Lightspeed Venture Partners, Manta Ray Ventures, Pallas Ventures, and others.

CalypsoAI says it will use the money for global expansion, to improve its product, and boost its adoption.

“We are excited to continue our growth with the backing of Paladin and some of the leading venture firms in the industry,” said Neil Serebryany, founder and CEO of CalypsoAI. “Their support allows us to rapidly expand while providing our clients with the solutions to accelerate their adoption of secure, trusted AI.”

Founded in 2018, CalypsoAI offers a software platform, named Vespr, that enables customers to validate, monitor and secure their AI. Vespr is described as an integrated model accreditation and risk management system that can be used to create, test and deploy models with built-in validation and security.

The company says it can help enterprises accelerate the adoption of solutions that use artificial intelligence by addressing security and compliance concerns.

CalypsoAI says it has customers in the finance, national security and other sectors. Earlier this year, the startup announced the launch of CalypsoAI Labs, which helps government agencies, private firms and educational institutions create custom applications and expert solutions for improving AI security capabilities focused on national security.

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Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.