TensorWave, a startup developing safer AI compute chips, has raised $10 million in seed funding. The company aims to create chips that prevent AI models from being hacked or misused, addressing security concerns as AI systems become more powerful. TensorWave’s technology isolates AI models and data, preventing unauthorized access or tampering. This approach could be crucial for industries like finance, healthcare, and defense, where data privacy and security are critical. The funding round was led by Khosla Ventures, with participation from Lightspeed Venture Partners and angel investors. TensorWave plans to use the funds to expand its team and accelerate product development. The startup’s chips could be integrated into existing hardware from companies like Nvidia and AMD, providing an additional layer of security for AI applications.
Source: https://www.businessinsider.com/pitch-deck-tensorwave-safe-funding-nvidia-amd-ai-compute-2024-10