Calvin Risk secures $4M as its mission to make enterprise AI trustworthy takes off
Calvin Risk secures $4M as its mission to make enterprise AI trustworthy takes off
We are happy to share the news that our portfolio company, Calvin Risk, has raised $4 million in seed funding to help companies deploy AI safely and manage these risks through automated testing and quantitative risk assessment.
As the use of AI expands across enterprises, rushed and mediocre implementations create a series of operational risks: bias, opaque decision-making processes, and unpredictable real-world behavior. AI models often function as "black boxes", making it difficult to understand how decisions are made or whether underlying biases are influencing outcomes. For companies, this opacity can lead to unintended consequences that threaten both their operations and reputations – especially as generative AI systems like ChatGPT increasingly power customer interactions.
The EU AI Act also introduces strict requirements for AI systems, mandating that companies assess and document the risks of their AI models with severe penalties for non-compliance. Despite this, many organizations still rely on post-incident analysis or lack structured frameworks to address the safety of their AI. Calvin Risk is bridging that gap with a platform that uses adaptive assessments and continuous monitoring to provide a real-time overview of a company's entire AI portfolio, predicting potential risks (qualitatively and quantitatively) and their associated value-at-risk.
“With AI systems becoming central to operations, proper corporate governance must now include explicit AI risk management at the Board level,” explains Julian Riebartsch, CEO and Founder of Calvin Risk. "Through our governance and risk management platform, we provide businesses with deep insights into their AI inventory, enabling them to analyze technical, ethical, and regulatory risks qualitatively and quantitatively.”
Founded in 2022 as a spin-off from ETH Zurich, one of Europe's leading AI research institutions, Calvin Risk combines deep academic expertise with practical industry experience. The company’s product provides a modular framework for proactive AI governance with two core capabilities: governance digitization for internal directives and risk evaluations, and automated AI testing between development and deployment.
b2venture co-led their pre-seed round back in 2022, and we are happy to be participating in their seed funding as well, which was led by Join Capital and seed + speed Ventures.
“Even the most sophisticated organizations are not sure how to effectively evaluate AI algorithms across the many relevant dimensions such as performance, robustness, fairness, and explainability that are key to building trustworthy AI,” says b2venture partner Andreas Goeldi. "Calvin Risk’s platform is the first universal product that is providing a solution for this problem."
We are happy to share the news that our portfolio company, Calvin Risk, has raised $4 million in seed funding to help companies deploy AI safely and manage these risks through automated testing and quantitative risk assessment.
As the use of AI expands across enterprises, rushed and mediocre implementations create a series of operational risks: bias, opaque decision-making processes, and unpredictable real-world behavior. AI models often function as "black boxes", making it difficult to understand how decisions are made or whether underlying biases are influencing outcomes. For companies, this opacity can lead to unintended consequences that threaten both their operations and reputations – especially as generative AI systems like ChatGPT increasingly power customer interactions.
The EU AI Act also introduces strict requirements for AI systems, mandating that companies assess and document the risks of their AI models with severe penalties for non-compliance. Despite this, many organizations still rely on post-incident analysis or lack structured frameworks to address the safety of their AI. Calvin Risk is bridging that gap with a platform that uses adaptive assessments and continuous monitoring to provide a real-time overview of a company's entire AI portfolio, predicting potential risks (qualitatively and quantitatively) and their associated value-at-risk.
“With AI systems becoming central to operations, proper corporate governance must now include explicit AI risk management at the Board level,” explains Julian Riebartsch, CEO and Founder of Calvin Risk. "Through our governance and risk management platform, we provide businesses with deep insights into their AI inventory, enabling them to analyze technical, ethical, and regulatory risks qualitatively and quantitatively.”
Founded in 2022 as a spin-off from ETH Zurich, one of Europe's leading AI research institutions, Calvin Risk combines deep academic expertise with practical industry experience. The company’s product provides a modular framework for proactive AI governance with two core capabilities: governance digitization for internal directives and risk evaluations, and automated AI testing between development and deployment.
b2venture co-led their pre-seed round back in 2022, and we are happy to be participating in their seed funding as well, which was led by Join Capital and seed + speed Ventures.
“Even the most sophisticated organizations are not sure how to effectively evaluate AI algorithms across the many relevant dimensions such as performance, robustness, fairness, and explainability that are key to building trustworthy AI,” says b2venture partner Andreas Goeldi. "Calvin Risk’s platform is the first universal product that is providing a solution for this problem."
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