# Enkrypt AI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/enkrypt-ai

- Industry: Software
- Headquarters: Boston, US
- Website: www.enkryptai.com
- Total disclosed funding: $2.4M
- Latest round: Seed (Feb 27, 2024)
- Investors on record: 6

## About

Enkrypt AI, based in the US, specializes in AI security solutions, providing robust protection for generative AI applications while ensuring compliance with industry regulations.Founded in 2022 and headquartered in Boston, US, Enkrypt AI focuses on enhancing AI security for enterprises. The founding team includes Prashanth Harshangi and Sahil Agarwal, who bring experience in technology and innovation. In February 2024, the company successfully raised USD 2.35 mn in a Seed funding round led by BoldCap Ventures, with participation from other investors like Berkeley SkyDeck Fund and Arka Venture Labs, totaling the amount raised to USD 2.35 mn.Enkrypt AI offers a comprehensive AI security platform designed to safeguard various applications, particularly in text, image, and voice formats. Their core product focuses on automatically detecting, removing, and monitoring threats within AI systems, facilitating secure deployment of generative AI applications while maintaining compliance with industry standards such as HIPAA. The platform assures users that their AI chatbots, particularly in sectors like insurance and tax services, are reliable and compliant with relevant regulations. Enkrypt AI serves a diverse clientele, including enterprises looking to enhance their AI capabilities, particularly in North America and Europe, thereby optimizing their operations and minimizing risks associated with AI deployment.Enkrypt AI generates revenue through a subscription-based model, where clients engage with their platform for ongoing access to security services and features. Typical transactions involve enterprises subscribing to various tiers of the platform, which may include access to flagship offerings such as customized threat detection and compliance management tools. Clients consist of businesses in highly regulated industries that require stringent security measures for their AI applications. The transaction structure is primarily B2B, with partnerships formed to integrate Enkrypt AI’s solutions into existing infrastructures. Specific pricing details are aligned with the scale and features of the services selected, ensuring clients have tailored access to the security tools necessary to protect their AI-driven operations.In February 2024, Enkrypt AI raised USD 2.35 mn in Seed funding, which will be utilized to enhance the deployment of its generative AI models. The company plans to introduce new products aimed at improving AI security and compliance in upcoming months, targeting specific markets in North America and Europe for expansion. This strategic move is expected to solidify their position in the AI security sector while catering to the growing needs of enterprises in these regions.

## Funding rounds

- Seed, Feb 27, 2024, $2.4M — BoldCap Ventures, The Builders Fund, Arka Venture Labs, Berkeley SkyDeck Fund, Kubera Venture Capital, Veredas Partners

## Investors

- BoldCap Ventures (https://capitalatlas.ai/funds/boldcap-ventures) — Seed
- The Builders Fund (https://capitalatlas.ai/funds/the-builders-fund) — Seed
- Arka Venture Labs (https://capitalatlas.ai/funds/arka-venture-labs) — Seed
- Berkeley SkyDeck Fund (https://capitalatlas.ai/funds/berkeley-skydeck-fund) — Seed
- Kubera Venture Capital (https://capitalatlas.ai/funds/kubera-venture-capital) — Seed
- Veredas Partners (https://capitalatlas.ai/funds/veredas-partners) — Seed