QuantPi, a startup supported by the CISPA Helmholtz Center for Information Security, has secured a substantial investment of 2.5 million euros from the European Innovation Council (EIC). This funding will play a pivotal role in advancing QuantPi’s mission to develop trustworthy artificial intelligence (AI) technology.
QuantPi is part of the CISPA startup community, and this grant from the EIC marks the second time a company from this community has received the prestigious EU funding. Previously, in the fall of 2023, LUBIS EDA, another startup in the CISPA ecosystem, secured a similar amount of funding.
The significant financial support provided by the EIC will greatly aid QuantPi in its pioneering efforts towards creating a safe and self-determined society in collaboration with AI. The startup’s main objective is to use the funding to enhance its current AI-based testing technology and establish the first automated risk management platform. This platform will ensure the safety, fairness, and explainability of generative AI systems.
QuantPi’s technology empowers providers of generative AI systems to adhere to the highest ethical standards. By utilizing the platform, companies interested in purchasing GenAI tools can automate risk assessment processes during procurement. This protects their customers by ensuring they only acquire high-quality AI solutions that comply with EU standards.
Out of the 648 complete applications the European Innovation Council received, only 7 percent were successful, making QuantPi’s funding achievement a remarkable milestone. In addition to the financial support, all projects granted by the EIC will enjoy a range of offers designed to accelerate their business growth.
CEO of QuantPi, Philipp Adamidis, expressed his excitement over the funding, emphasizing the dedication and hard work of the entire QuantPi team. He sees the funding as an opportunity to ensure the safe and responsible use of AI technology without impeding progress. This financial support not only accelerates QuantPi’s research and development efforts but also aligns with their commitment to making a positive contribution to society.
Professor Dr. Dr. h.c. Michael Backes, CEO and Founding Director of the CISPA Helmholtz Center for Information Security, acknowledged the significance of this funding for QuantPi. He praised the startup’s journey from basic research to industrial application, highlighting the importance of transparent and scalable testing to establish trustworthiness in AI systems, particularly in the era of generative AI.
QuantPi, which emerged from the CISPA Helmholtz Center for Information Security in 2020, is an AI trust management company. Its platform allows organizations to validate AI models at unmatched speed, making AI systems transparent, explainable, and compliant through automated risk and performance assessments. With a strong commitment to innovation and positive societal impact, QuantPi is dedicated to shaping the future of AI responsibly.
The funding received from the European Innovation Council provides QuantPi with the resources to continue pushing boundaries in the field of trustworthy AI technology. By upholding the highest ethical standards and ensuring the safety and fairness of generative AI systems, QuantPi is poised to make a lasting positive impact on the integration of AI in our society.