That’s where Codified, an early stage startup that was nurtured last year inside venture capital firm Madrona Ventures, comes into the picture.
The company was built from the ground up from a data veteran with an eye toward solving the data compliance problem, and today it announced a $4 million seed round.
Company founder and CEO Yatharth Gupta sees that data is at the center of today’s technology, yet companies struggle to control access to it.
Both jobs, he says, were heavily involved in data and he saw the kinds of problems he’s trying to solve with Codified.
Investors in today’s round include Vine Ventures, Soma Capital and Madrona Venture Labs where Codified incubated last year.
While it has positively impacted productivity and efficiency in the workplace, AI has also presented a number of emerging risks for businesses.
At the same time, however, nearly half (48%) said they enter company data into AI tools not supplied by their business to aid them in their work.
This rapid integration of generative AI tools at work presents ethical, legal, privacy, and practical challenges, creating a need for businesses to implement new and robust policies surrounding generative AI tools.
AI use and governance: Risks and challengesDeveloping a set of policies and standards now can save organizations from major headaches down the road.
The previously mentioned Harris Poll found that 64% perceive AI tool usage as safe, indicating that many workers and organizations could be overlooking risks.
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