Funding Alert

Singulr AI Raises $10 Million in Seed Funding, Launches Enterprise AI Governance Platform.

• ByStartupStory     |    February 19, 2025

Singulr AI, an enterprise AI governance and security platform, has raised $10 million in a seed funding round led by Nexus Venture Partners and Dell Technologies Capital, with participation from leading industry executives. The company officially launched its platform, which is already deployed across technology, finance, and healthcare companies.

Founded in 2023 by Shiv Agarwal and Abhijit Sharma, who previously built Arkin Net (later acquired by VMware), Singulr AI offers a governance and security platform that enables enterprises to adopt AI at scale while managing risks and costs without requiring infrastructure changes.

“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,” Shiv Agarwal, CEO and co-founder of Singulr, stated.

Singulr AI’s platform addresses key challenges such as:

• Shadow AI Detection: Over 75% of employees use unapproved AI tools linked to personal accounts, creating data leaks and intellectual property (IP) exposure risks.
• AI Service Rationalization: The platform discovers and manages over 500 unique AI services and models in live customer environments, identifying redundancies and reducing unnecessary spending.
• Compliance & Security: Singulr AI is launching with SOC 2 and ISO 27001 compliance, ensuring enterprise-grade security and trust.

Jishnu Bhattacharjee, Managing Director at Nexus Venture Partners, highlighted the importance of AI governance. “AI is transforming business with a new technology stack, evolving usage patterns, and unprecedented risks. The Singulr team has a proven track record of solving complex, enterprise-scale problems and is launching a solution that enables businesses to efficiently and safely harness AI’s potential,” he said.

The Palo Alto and Pune-based startup aims to expand its footprint in the enterprise AI security market by enabling CIOs and IT operations teams to rationalise their AI service inventory while allowing CISOs and risk teams to implement policies preventing data leakage and unauthorised AI usage.

Follow Startup Story