Photo - AI Compliance inc
62956

AI Compliance inc

To supply an audit for new and current AI applications again

United Kingdom
Market: Artificial Intelligence
Stage of the project: Prototype or product is ready

Date of last change: 19.12.2024
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Idea

With the boom in AI, the AI Governance market is projected to be $4.7 billion in 2033. Approved by the OECD and the UK Government’s DIST as a trustworthy AI Audit tool, our seamless Q&A platform assesses the risk of new and existing AI projects falling foul of legislation, potentially resulting in large fines or a product ban. A quick and inexpensive solution to a complex and growing problem, our scalable AI Audit tool uses unique IP which is auditable and not easily replicated. We use a SaaS subscription model.

Current Status

MVP built finding first customers.

Market

This is an AI governance and RegTech product.

AI compliance regulations are increasing, and AI governance is projected to have a market value of $4.7 billion by end of 2033.

Problem or Opportunity

In many jurisdictions AI compliance regulations are looming. We’ve created a bot that helps people with AI startups, Investors in same and larger companies adding AI into their IT to avoid falling foul of new regulations in the EU, US and UK. This uses a dynamic Knowledge graph and a database of regulations and documents. Revenue will come from the sale of AI audits, based on a SaaS subscription plan. We have unique intellectual property that is not easily replicated, applicable to a large and growing market, with few competitors.

Solution (product or service)

Our AI Audit Tool enables creators of new and existing AI applications to check current and proposed AI Compliance regulations across global jurisdictions to assess for technical, reputational and supersedence risks.
Our tool uses an intelligent Knowledge graph and a database of regulations and documents.

Competitors

Pursuing legal advice from lawyers with no technical background.

Advantages or differentiators

We have unique intellectual property that is not easily replicated, applicable to a large and growing market, with few competitors.
Our team has long experience in high-tech startups, especially in AI, with several successful trade sales.
Our target market, AI Governance, will grow as AI grows, and is predicted to reach $4.7 Billion in 2033.

Finance

SaaS revenue through our site. Principal costs are marketing and R&D.

Business model

Software as a service and provision of white label tools to other firms.

Currently we offer a one-off audit, but the next version in development will monitor changes in regulation and advise subscribers of changes that affect them.

Money will be spent on

Marketing, business development, R&D, salaries.

Offer for investor

AI Compliance inc. is a Delaware C Corp. We are offering shares in our enterprise at a negotiable price.

Risks

As in all start-ups, arrival of stealth competitors, changes in market.

Incubation/Acceleration programs accomplishment

We are seasoned entrepreneurs having run several start-ups in the past. Anneke is completing a PhD in entrepreneurship and gender issues, and teaches entrepreneurship. Andy has a PhD in comp Sci and has founded multiple companies including Europe's first AI company.

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
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Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
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Product Video
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