Portfolio Company Update re: Getvisibility | Company 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). Sure Ventures PLC owns 25.9% of the fund as part of its portfolio. Getvisibility has developed an AI-powered platform for data discovery, classification, security, and governance. The technology is underpinned by Artificial Intelligence models (AI) and has forged a partnership with Forcepoint to launch a joint product powered by the Getvisibility platform.
Forcepoint Collaboration
Forcepoint, a global leading American software company headquartered in Austin, Texas, that focuses on security software, data protection, cloud access security, firewall, and cross-domain solutions, partnered with Getvisibility to announce a new GenAI Security Solution in collaboration with OpenAI on July 18, 2024. This new launch aims to provide end-to-end visibility into how and where sensitive data is being used, integrating with top Large Language Model (LLM) providers to assist organizations in gaining control of their GenAI security.
The widespread use of AI and increasing data demands, combined with cyber threats like ransomware, have made privacy and regulatory compliance more complex. The newly launched solution enables businesses and government agencies to securely leverage GenAI innovations while maintaining strict data security and compliance standards.
Forcepoint has been announced as one of the first security vendors to integrate with OpenAI's ChatGPT Enterprise Compliance API. Forcepoint DSPM, powered by Getvisibility, utilizes this API to offer businesses unparalleled visibility into how ChatGPT Enterprise is being used across their organization, showcasing the capabilities of Forcepoint and Getvisibility in the AI security space.
Market Traction and Growth
Getvisibility has seen significant traction in the last six months, attracting 250 customers across 39 countries with multi-million ARR. The company recently launched their GenAI readiness suite, allowing organizations to test, contextualize, and protect their data before sharing it with large language models. This strategic positioning with top LLM providers sets Getvisibility apart in the market to assist organizations in controlling their GenAI security. Sure Valley Ventures initially invested in Getvisibility in March 2020.
Gareth Burchell, Director at Sure Ventures PLC, commented on the progress made by Getvisibility, highlighting the importance of partnerships with companies like Forcepoint and OpenAI in the AI cybersecurity space.
