Nexus Venture Partners and Dell Technologies Capital led the $10 million seed round for enterprise AI firm Singulr AI.

Additionally, it has made its corporate AI governance and security platform, which is already used by businesses in the technology, financial, and healthcare industries, generally available.

Singulr AI, which was founded in 2023 by Shiv Agarwal and Abhijit Sharma, gives IT, security, and technology teams the resources they need to safely implement AI on a wide scale.

According to the startup, by lowering needless AI use, their governance and security platform helps businesses save money. In order to avoid data leaks when employees upload files or input prompts, it also monitors how they use AI systems, models, and apps.

While CISO and risk teams may expedite the onboarding of safe AI use cases and set granular regulations to prevent data leakage and shadow AI, CIO and IT operations teams can rationalize their AI service inventory and cut down on wasteful spending by utilizing the Singulr AI platform.

With SOC 2 and ISO 27001 compliance at launch, the Palo Alto and Pune-based business is guaranteeing enterprise-grade security and trust.

Commenting on this vital funding round, Shiv Agarwal, Co-Founder and CEO, Singulr AI says,"Companies are experiencing explosive growth in AI adoption across employees, partners, and vendors – but this surge comes with mounting security risks and costs. Through our extensive market research, we recognised that the broad use of generative AI technology is a complex problem needing an enterprise-grade solution to scale and secure. We started Singulr – to help enterprises rapidly adopt and operationalise powerful new AI technologies while managing costs and minimising risk”.