TL;DR:
- Data protection company Patented.ai has raised $4 million in pre-seed funding for its AI data privacy solution.
- The San Francisco-based startup focuses on protecting intellectual property from leaking to artificial intelligence.
- Their on-device solution, called LLM Shield, prevents the leakage of sensitive company data and personally identifiable information (PII) to large language models (LLMs).
- LLM Shield scans devices, filters out PII and trade secrets, and encrypts data to enhance security during transit or at rest.
- It can be easily installed using existing endpoint management solutions and is compatible with Windows, macOS, and Chrome Enterprise.
- The investment will be used to expand LLM Shield’s capabilities for the enterprise segment.
- Patented.ai also offers a personal version of LLM Shield, free for up to three devices, to help individuals protect their personal information from LLMs.
Main AI News:
In a significant development, data protection innovator Patented.ai has successfully raised an impressive $4 million in a pre-seed funding round. This funding round was spearheaded by Cooley LLP, a prominent law firm, along with support from a group of angel investors. Patented.ai, headquartered in the vibrant tech hub of San Francisco, is on a crucial mission to safeguard intellectual property from potential breaches caused by artificial intelligence.
The startup has introduced a cutting-edge on-device solution that focuses on data privacy and data loss prevention. Known as LLM Shield, this groundbreaking tool is designed specifically to combat the risk of sensitive company data and personally identifiable information (PII) falling into the hands of large language models (LLMs).
LLM Shield operates by thoroughly scanning the device for the LLM’s input box text, employing a sophisticated filtering mechanism to identify and isolate PII, trade secrets, and other forms of sensitive data. This proactive approach ensures that such information is shielded from unauthorized interception, analysis, or storage by LLMs. Moreover, Patented.ai’s solution also incorporates advanced data encryption measures, providing robust security both during data transit and when at rest.
Implementing LLM Shield is a breeze, as it seamlessly integrates with existing endpoint management solutions and is fully compatible with both Windows and macOS operating systems. As an added convenience, the company offers a dedicated Chrome plugin that enables Chrome Enterprise users to effortlessly deploy this powerful protection on their devices.
Buoyed by the recent investment, Patented.ai is poised to enhance LLM Shield’s capabilities, particularly for the enterprise segment. By expanding and refining the solution, the company aims to meet the evolving needs and demands of businesses, ensuring that their valuable data remains shielded from prying eyes.
In addition to catering to enterprises, Patented.ai has also introduced a personal version of LLM Shield, which is available free of charge for individuals who wish to safeguard their personal information. This version provides the same comprehensive data checks and protections as the enterprise edition, empowering users to shield their sensitive data from potential LLM risks.
Wayne Chang, the visionary Founder of Patented.ai, emphasized the urgent need for robust data privacy measures, stating, “AI is revolutionizing productivity across industries, but there’s a silent crisis quietly threatening its potential. Data privacy and confidentiality are hanging by a thread.” With their groundbreaking solution, Patented.ai aims to address this pressing issue head-on and lead the charge toward a more secure and privacy-focused AI landscape.
Conclusion:
Patented.ai’s successful funding round of $4 million for its revolutionary AI data privacy solution, LLM Shield, highlights the growing demand for robust protection against data breaches caused by artificial intelligence. With a focus on preventing the leakage of sensitive data to large language models, Patented.ai aims to address the urgent need for enhanced data privacy and confidentiality. This funding will enable the company to further develop LLM Shield’s capabilities, catering to the evolving requirements of enterprises. Additionally, the availability of a personal version underscores the importance of protecting personal information from potential risks. Patented.ai’s innovative solution positions them as a key player in the market, contributing to the advancement of secure and privacy-focused AI technologies.
