Wald.ai Secures $4 Million in Seed Funding to Enhance AI Data Protection and Compliance

Wald.ai, a Palo Alto, CA-based context intelligence company, has successfully secured $4 million in seed funding. This investment round was led by Inventus Capital, Entrada Ventures, and several prominent angel investors, including executives from cybersecurity companies like Palo Alto Networks, Fortinet, and HackerOne.

Wald.ai specializes in ensuring the safe use of private business information across AI platforms. The company’s Context Intelligence platform connects businesses with AI assistants like ChatGPT, Gemini, Claude, and Llama while protecting confidential data and managing regulatory compliance. This platform is context-aware, accurately redacting private information in business conversations while significantly reducing false positives and false negatives compared to existing Data Loss Prevention (DLP) solutions.

The technology developed by Wald.ai allows businesses to safely create content, generate code, or query documents without exposing personally identifiable information (PII) or other proprietary data. The platform provides seamless access to leading AI models and enables the creation of secure Custom Assistants using internal knowledge bases. All user data processed by Wald.ai is end-to-end encrypted, ensuring that no one, including Wald.ai, can access the data.

Vinay Goel, co-founder and CEO of Wald.ai, emphasized the importance of contextual data protection in the era of rapid AI adoption. “The rapid adoption of AI technology necessitates that businesses ensure their confidential data remains private,” he stated. “Contextual data protection is the smart way to keep sensitive data safe when using generative AI platforms. As companies face the risk of data leakage, the solution is not to block use of these platforms, but to put in place effective, user-friendly guardrails to enable employee productivity.”

Wald.ai’s platform is particularly beneficial for industries with compliance requirements or organizations with large amounts of customer and proprietary data who use AI in their daily operations. The company’s Context Intelligence platform is available as a B2B SaaS offering for business users as well as an API for developers. It includes an admin console for user management, audit logs, and product usage metrics.

The company has already gained traction across various sectors, including healthcare, financial services, and legal. Customers such as Kiavi, which provides bridge loans to real estate investors, and Suki, a leading provider of AI-powered voice solutions for healthcare, have praised Wald.ai’s thoughtful approach to securing employee AI conversations and safeguarding sensitive private data and intellectual property.

Donovan Bray, director of DevOps at Kiavi, Inc., noted, “Wald.ai offers a thoughtful approach to securing employee AI conversations and safeguarding sensitive private data and our intellectual property. With its contextual intelligence, the product addresses a significant need in sanctioned company-wide use of generative AI.”

Jonathan Antonio, vice president of infrastructure at Suki, added, “At Suki AI, we aim to increase employee efficiency with cutting-edge AI solutions while maintaining the highest standards of security. Wald enables our employees to safely leverage leading AI models so they can reduce the time they spend on manual tasks.”

Users can sign up for a 14-day free trial at Wald.ai. The product is priced at $19.99/user/month and includes unlimited access to the latest versions of the most popular AI models. Developers can contact Wald.ai to discuss their use cases for early access to the Context Intelligence API.

Wald.ai’s innovative approach to contextual data protection is set to make a significant impact in the AI landscape, providing businesses with a secure and efficient way to leverage AI assistants while safeguarding their confidential data.