Sure Ventures PLC-Portfolio Company
Update
Getvisibility: Generative AI launch and
integration with Open AI
Getvisibility is an AI data visibility and
security company and is part of the Sure Valley Ventures portfolio
(Sure Valley Ventures Fund 1 ICAV) and as a reminder to investors,
Sure Ventures PLC owns 25.9% of the fund, as part of its
portfolio.
As previously announced, Getvisibility has
developed an AI-powered platform for data discovery,
classification, security and governance. The technology is
underpinned by Artificial Intelligence models (AI) and the strength
of the technology forged a partnership with Forcepoint back in
2022, to launch a joint product powered by the Getvisibility
platform.
Forcepoint is a global leading
American multinational software
company, headquartered
in Austin Texas, that
develops security software
& data protection,
cloud access security, firewall and cross-domain solutions.
Forcepoint has revenues in excess of US
$680m , has 2,000 plus employees and is
owned by Francisco Partners (US $41.9bn
AUM).
On the 18th of July 2024
Forcepoint announced a new GenAI Security Solution and a
collaboration with OpenAI, using
Getvisibility's cutting-edge AI technology. The
new launch is set to transform the data security landscape by
providing end-to-end visibility into how and where
sensitive data is being used. The technology will
integrate with some of the top Large Language Model (LLM)
providers and puts Getvisibility and its partners in a
unique position in the market to help organisations gain control of
their GenAI security.
AI's widespread use and data
demands, coupled with cyber threats like ransomware, make privacy
and regulatory compliance increasingly complex. This newly launched
solution empowers businesses and government agencies to securely
leverage GenAI innovations, accelerating their AI transformation
while maintaining stringent data security and compliance
standards.
Forcepoint has also been announced
as one of the first security vendors to integrate with OpenAI's
ChatGPT Enterprise Compliance API. Available today,
Forcepoint DSPM, which is
powered by Getvisibility, uses this API to give businesses
unparalleled visibility into how ChatGPT Enterprise is being used
throughout their organisation. This compliance integration
with OpenAI is a significant achievement, as it demonstrates
Forcepoint and Getvisibility's capabilities in the AI security
space.
Getvisibility has experienced
significant traction in the last six months, reaching the
milestone of 250 customers
across 39 countries with multi-million ARR. They recently launched
their GenAI readiness suite which allows organisations to test and
contextualise and protect their data before they share it with
large language models. Working with some of the top LLM provides to
integrate into their platforms puts Getvisibility in a unique
position in the market to help organisations gain control of their
GenAI security. Sure Valley Ventures initially invested in
Getvisibility in March 2020.
Gareth Burchell-Director
quote:
"This is significant news, and I
would like to congratulate the Getvisibility team for the progress
made in the fast growing and exciting space of AI cyber security.
Partnering with Forcepoint, which is a multibillion-dollar company
and now the integration with OpenAI, who
are an US $80bn company, is testament to
the sophistication of the technology they have
developed".
For further information, please
visit www.sureventuresplc.com or contact:
Gareth Burchell
Sure Ventures plc
+44 (0) 20 7186 9918