Foundation of the month: Validaitor
Where do you see the hurdles in the start-up process? Where did you get support?
Founding a start-up is not an easy task. There are many building blocks for a successful start-up and bringing them together requires a lot of energy and resources. I would especially like to highlight the support I received from KIT. KIT is a great research university and a forge for many technology startups. The KIT team that supports startup ideas and founders is really top-notch and has helped me a lot in many ways: from finding funding to spreading our message.
I think the most crucial moment in the founding process was our decision to apply for government funding. With the support of Prof. Dr. Michael Beigl, Dr. Till Riedel, Dr. Rolf Blattner and the help of Alexander Graf, we decided to go this route. Finally, we received our funding from the BMBF, which paved the way for us to build our team.
What was one of your biggest challenges during the start-up phase?
The biggest challenge so far, has been convincing people of the importance of AI security. When I first told some prominent figures from industry and academia about the idea, many of them reacted hesitantly and questioned the real impact of these concerns. This was also reflected in the fundraising process. Some VC funds I approached a few years ago were pretty sure that the market would not be established fast enough. But here we are. The so-called AI Act – a European Union regulation on AI – has sort of created the market itself. Everybody is talking about AI security now, partly because of the upcoming AI regulations and partly because of the hype triggered by ChatGPT. Now we’re constantly being approached by VCs who want to talk to us.