Nightfall AI is a new data AI security platform for protecting your company’s data from getting into LLM’s that is worthwhile to investigate as a part of a holistic Gen AI data governance strategy.
Setting up good Gen AI data governance is critical for companies to enable their employees to take advantage of GenAI’s massive productivity gains while also mitigating risks of confidential company & customer data getting into the Foundational Models (i.e. ChatGPT).
“Employees can easily expose sensitive and proprietary enterprise data when interacting with generative AI chatbot solutions. These applications may indefinitely store information captured through user inputs, and even use information to train other models — further compromising confidentiality. Such information could also fall into the wrong hands in the event of a security breach.”
Avivah Litan, Gartner, Why Trust and Security are Essential for the Future of Generative AI – April 2023
One interesting tool that just released is Nightfall AI, a data security platform, that protects data transmission across web-based LLMs, SaaS platforms, and across custom apps/API integrations across their three services.
Key AI security services of Nightfall AI
Nightfall for ChatGPT
Nightfall for ChatGPT, a real-time, browser-based redaction tool for company data being entered into ChatGPT
Nightfall for SaaS
Nightfall for SaaS applications prevents data transmission through third-party SaaS platforms (e.g. chatbot conversations, documents, cloud storage and other SaaS apps)
Nightfall API
Nightfall API classifies and protects data transfers within custom applications / API connections with third-party platforms
Conclusion
Nightfall AI as an innovative tool in the arsenal that provides security and risk mitigation in an age of rapid proliferation of Generative AI capabilities.
A single security tool won’t enable good data governance, but it can certainly be helpful to augment an existing Gen AI data governance strategy over a small or large organization.
For setting up more robust data governance and security, check out Accenture’s perspective: “5 Steps to make Gen AI more secure”
Quick highlights on Nightfall AI
For more company info, see Nightfall AI on Crunchbase: https://www.crunchbase.com/organization/nightfall-ai
Funding
Nightfall AI is currently at Series B funding and has raised a total of $60.3M dollars.
The company raised its pre-seed and seed funding in 2018. It raised its Series A funding round of $20.3M in late 2019, with lead investors Bain Capital Ventures and Venrock.
In August 2022, it raised $40M in its Series B funding round with lead investor Westbridge Capital and some other high-profile, celebrity investors including NFL Quarterback, Drew Brees, and Ant Man actor, Paul Rudd.
Founding and Leadership
Isaac Madan – Co-founder and CEO
Isaac Madan has an educational background in computer science and Master’s Degree in Bioinformatics from Stanford. He spent time working in research at Stanford before working in venture capital at Venrock, one of the company’s Series A lead investors.
Rohan Sathe – Co-founder and CTO
Rohan Sathe has an educational background at University of California, Davis and has worked in engineering roles at Uber and Voxer before becoming co-founder and CTO at Nightfall AI.