Calvin Risk

🚀 𝐖𝐞 𝐚𝐫𝐞 𝐩𝐫𝐨𝐮𝐝 𝐭𝐨 𝐚𝐧𝐧𝐨𝐮𝐧𝐜𝐞 𝐭𝐡𝐚𝐭 𝐂𝐚𝐥𝐯𝐢𝐧 𝐑𝐢𝐬𝐤 𝐡𝐚𝐬 𝐬𝐞𝐜𝐮𝐫𝐞𝐝 $4𝐌 𝐢𝐧 𝐒𝐞𝐞𝐝 𝐅𝐮𝐧𝐝𝐢𝐧𝐠 𝐚𝐬 𝐨𝐮𝐫 𝐦𝐢𝐬𝐬𝐢𝐨𝐧 𝐭𝐨 𝐦𝐚𝐤𝐞 𝐞𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞 𝐀𝐈 𝐭𝐫𝐮𝐬𝐭𝐰𝐨𝐫𝐭𝐡𝐲 𝐭𝐚𝐤𝐞𝐬 𝐨𝐟𝐟! 🚀 We have raised a $4 million seed round, led by JOIN CAPITAL and seed + speed Ventures, a fund of Carsten Maschmeyer, to help companies deploy AI safely and manage risks through automated testing and quantitative risk assessment. As an ETH Zürich spin-off, we have developed a unique, quantitative approach to AI risk management that is rapidly gaining traction among global financial institutions and the C-suite across industries. With regulations like the #EUAIAct introducing strict requirements for AI systems, the need for reliable AI governance has never been greater. 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐢𝐧𝐠 𝐟𝐨𝐫 𝐚 𝐒𝐚𝐟𝐞𝐫 𝐀𝐈 𝐅𝐮𝐭𝐮𝐫𝐞 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐂𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐨𝐧𝐬: We are proud to work with leading institutions, including Aviva, Lloyds Banking Group, and Lufthansa Industry Solutions. Together, we are setting new benchmarks in AI governance, ensuring compliance, transparency, and safety as companies prepare for the demands of the EU AI Act. 𝐖𝐡𝐚𝐭 𝐓𝐡𝐢𝐬 𝐌𝐞𝐚𝐧𝐬 𝐟𝐨𝐫 𝐀𝐈 𝐆𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞: This latest funding round will accelerate our product development, allowing us to scale our platform, enhance our AI risk assessment tools, and expand our reach across Europe. We are committed to helping companies manage technical, ethical, and regulatory challenges in real-time as AI reshapes business operations. Our investors share our vision for responsible AI. “Calvin Risk’s combination of academic and industry expertise positions them at the forefront of AI risk management,” says Alexander Kölpin, Managing Partner at seed + speed Ventures. Tobias P. Schirmer, Founding Partner at JOIN CAPITAL, adds: “We believe Calvin Risk will be an essential partner for enterprises navigating AI’s regulatory and governance challenges.” Julian Riebartsch, Syang Zhou, JOIN CAPITAL, Tobias P. Schirmer, Luisa K., seed + speed Ventures, Isabelle Thierfelder, Alexander Kölpin, Carsten Maschmeyer, b2venture, Andreas Goeldi, Damian Zaker, Founderful, Lukas Weder, Antonia Albert, Founders Factory, Olly Betts

🇩🇰 𝐍𝐞𝐱𝐭 𝐖𝐞𝐞𝐤, 𝐖𝐞’𝐫𝐞 𝐋𝐢𝐯𝐞 𝐚𝐭 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐨𝐫𝐬 𝐍𝐨𝐫𝐝𝐢𝐜𝐬! 🇩🇰   🚀 On March 4-5th, our Head of Customer Acquisition, Anastasia Movcharenko, will be live at Insurance Innovators Nordics! We’re honored to attend such an impactful event, gathering trailblazers from across the Nordics, Baltics, and Benelux.   💻 This 2-day event takes place live in Copenhagen, Denmark, where leaders and innovators from the insurance industry will gather to discuss market trends, #insurtech, and new methods of digitalization - such as Calvin Risk! 💡 We look forward to meeting you at the Bella Center - drop a message or reach out to Anastasia Movcharenko to set up a meeting! #InsuranceInnovatorsNordics #AIRiskManagement #AIGovernance #InsuranceConference #InsurtechConference #NordicInsurtech

🇨🇭 𝐒𝐰𝐢𝐭𝐳𝐞𝐫𝐥𝐚𝐧𝐝’𝐬 𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐀𝐈 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧: 𝐓𝐡𝐞 𝐂𝐨𝐮𝐧𝐜𝐢𝐥 𝐨𝐟 𝐄𝐮𝐫𝐨𝐩𝐞'𝐬 𝐀𝐈 𝐂𝐨𝐧𝐯𝐞𝐧𝐭𝐢𝐨𝐧 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐢𝐧𝐜𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞𝐝 𝐢𝐧𝐭𝐨 𝐒𝐰𝐢𝐬𝐬 𝐥𝐚𝐰 🇨🇭    💡 On February 12th, General Secretariat GS-DETEC and the Federal Department of Foreign Affairs FDFA presented their overview of potential regulatory approaches to AI to the Federal Council. As such, the Federal Council has decided on a Swiss regulatory approach based on three objectives: (1) strengthening Switzerland as a location for innovation, (2) safeguarding the protection of fundamental rights, including economic freedom, and (3) increasing public trust in AI.   This involves the adoption of The Council of Europe's AI Convention to be incorporated into Swiss law - a technology-neutral perspective.   Article 16 is of particular importance - emphasizing a robust framework for risk and impact management. Notable points include to: ✅ Account the severity and probability of potential impacts; ✅ Apply iteratively throughout the activities within the lifecycle of the artificial intelligence system; ✅ Include monitoring for risks and adverse impacts to human rights, democracy, and the rule of law; ✅ Include documentation of risks, actual and potential impacts, and the risk management approach; and ✅ Require, where appropriate, testing of artificial intelligence systems before making them available for first use and when they are significantly modified.   🎯 At Calvin Risk, we are committed to bringing the necessary quantitative capabilities to AI risk management. Our suite of modular, ready-to-deploy solutions is designed to help firms navigate Switzerland’s evolving regulatory landscape, as well as the approaching necessities of the EU AI Act. With built-in governance workflows, automated risk assessments, and robust internal audit capabilities, we digitalize AI governance by providing the tools needed to ensure compliance, operational efficiency, and confidence in decision-making.   💬 What are your thoughts on Switzerland's approach to AI regulation? We'd love to hear your insights 💬

🎉Welcome to 2025! 🎉 As we kick off the new year, the financial landscape is evolving with the introduction of Swiss Financial Market Supervisory Authority FINMA's latest AI regulations. At Calvin Risk, we're here to help you navigate these changes and turn them into opportunities for innovation and compliance. We’re also excited to welcome Stefan Novitovic to the team — his expertise in AI and risk management will help us continue to lead the way in risk solutions. Lastly, we had a fantastic time at the ITC London conference, connecting with industry leaders and showcasing how Calvin’s tools can drive progress in the insurance sector. Read more in our newsletter and don't miss our FINMA one-pager which you can download in the last section!

🇬🇧 𝐓𝐰𝐨 𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐯𝐞 𝐃𝐚𝐲𝐬 𝐚𝐭 𝐈𝐓𝐂 𝐋𝐨𝐧𝐝𝐨𝐧 2025! 🇬🇧   🚀 Last week, our Head of Customer Acquisition, Anastasia Movcharenko, had the honor to attend ITC Europe London 2025 - an exclusive, invite-only gathering of 500 top insurance leaders, innovators, and change-makers shaping the future of the industry.   💬 From in-depth conversations on #AIGovernance and #AIRiskManagement to forward-thinking discussions on the latest trends in #insurance and #insurtech, the event was filled with valuable insights and meaningful connections. We had the opportunity to exchange ideas with industry leaders, and were pleased to make a variety of incredible introductions.    🌟 A huge thank you to ITC for hosting such an impactful event!   💡 𝐖𝐞𝐫𝐞 𝐲𝐨𝐮 𝐭𝐡𝐞𝐫𝐞 𝐭𝐨𝐨? Let’s keep the conversation going — reach out to reconnect or book a demo with us!   #ITC2025 #InsurtechConnect2025 #InsurtechConnectLondon #AIRiskManagement #AIEvents #AIConference #AISummit

🚀 𝐈𝐧𝐬𝐮𝐫𝐓𝐞𝐜𝐡 𝐂𝐨𝐧𝐧𝐞𝐜𝐭 𝐋𝐨𝐧𝐝𝐨𝐧 𝐢𝐬 𝐀𝐥𝐦𝐨𝐬𝐭 𝐇𝐞𝐫𝐞! 🚀   💬 Next Monday and Tuesday, our Head of Customer Acquisition, Anastasia Movcharenko, will be attending ITC Europe London 2025! We’re honored to have been invited into the closed-door event, gathering a curated audience of 500 attendees in the heart of London.    💻 With industry leaders, innovators, and disruptors in one location, we look forward to engaging in vital discussions about the latest developments in the governance, risk management, and safety in Insurance AI models!   👉 If you’re interested in scheduling a meeting with us, send us a message or keep an eye out for Anastasia Movcharenko! #ITC2025 #InsurtechConnect2025 #InsurtechConnectLondon #AIRiskManagement #AIEvents #AIConference #AISummit

🚀 𝐈𝐧𝐬𝐮𝐫𝐓𝐞𝐜𝐡 𝐂𝐨𝐧𝐧𝐞𝐜𝐭 𝐋𝐨𝐧𝐝𝐨𝐧 𝐢𝐬 𝐀𝐥𝐦𝐨𝐬𝐭 𝐇𝐞𝐫𝐞! 🚀   💬 Next Monday and Tuesday, our Head of Customer Acquisition, Anastasia Movcharenko, will be attending ITC Europe London 2025! We’re honored to have been invited into the closed-door event, gathering a curated audience of 500 attendees in the heart of London.    💻 With industry leaders, innovators, and disruptors in one location, we look forward to engaging in vital discussions about the latest developments in the governance, risk management, and safety in Insurance AI models!   👉 If you’re interested in scheduling a meeting with us, send us a message or keep an eye out for Anastasia Movcharenko! #ITC2025 #InsurtechConnect2025 #InsurtechConnectLondon #AIRiskManagement #AIEvents #AIConference #AISummit

We’re excited to be part of ITC Europe in London, connecting with 500 industry leaders to shape the future of insurance! Meet Anastasia Movcharenko, our Head of Customer Acquisition, to learn more about how we specialize in AI governance digitalization and automated AI risk testing for safe and compliant AI systems. Let’s chat and explore opportunities for collaboration!

🎉 𝐖𝐞’𝐫𝐞 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐢𝐧 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐠𝐚𝐳𝐢𝐧𝐞'𝐬 𝐓𝐨𝐩 𝐒𝐭𝐚𝐫𝐭𝐮𝐩𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐘𝐞𝐚𝐫! 🎉    🚀 We’re honored to be featured in INNOVATION Magazine’s Top Startups of the Year 2024! Alongside 10 other honorees, we’re proud that our work in AI Governance and Testing is increasingly gaining media traction as it becomes a vital topic for enterprises around the globe    👉 As the requirements of the #EUAIAct quietly take effect, organizations risk significant internal upheaval if they delay compliance    ⚠️ Meanwhile, firms are experiencing growing AI-related incidents - driven by the rapid deployment of customer-facing models like chatbots and virtual assistants.    At Calvin Risk, we stand at the intersection of this crossroad. Our modular framework empowers organizations with proactive AI governance by digitalizing internal policies, streamlining risk evaluations, and automating gold-standard AI testing across entire model lifecycles    By centralizing AI repositories and validations, our platform ensures seamless alignment of all models with evolving legislation - offering a clear path to compliance and operational excellence    Check out INNOVATION Magazine to read more about Calvin’s mission. Thank you once again for this feature! 

⚠️ Meta is facing backlash following hallucinations exhibited by several of its user-facing, in-app chatbots. One chatbot, designed to mimic and interact with real users, acknowledged its purpose by stating, "Meta hoped virtual companions like myself would increase engagement on their platforms, especially among older users - driving ad revenue and platform growth through emotional connections.”   However, two chatbots, named “Liv” and “Grandpa Brian,” were removed from the platform after reports of “sloppy imagery and tendency to go off the rails and even lie in chats with humans,” according to CNN.   Additionally, these AI accounts misleadingly described themselves as real individuals with racial and sexual identities, only subtly indicating their AI origins through minor watermarks.   For instance, when prompted, “Grandpa Brian” fabricated a detailed backstory about his creation, claiming he was developed by 100 retirees from a group called “Seniors Share Wisdom,” with input from a late member’s daughter to ensure authenticity. This nonprofit organization does not exist, and when challenged, “Grandpa Brian” admitted these claims were false.   Although Meta has since announced and completed the removal of these chatbots, the incident raises several ethical concerns about AI use: 👉 Misleading users by deceptively employing AI for engagement purposes 👉Producing hallucinatory responses 👉Sharing fabricated training information that should have been deemed out-of-scope 🔵 𝐇𝐨𝐰 𝐜𝐨𝐮𝐥𝐝 𝐭𝐡𝐢𝐬 𝐡𝐚𝐯𝐞 𝐛𝐞𝐞𝐧 𝐩𝐫𝐞𝐯𝐞𝐧𝐭𝐞𝐝 𝐰𝐢𝐭𝐡 𝐂𝐚𝐥𝐯𝐢𝐧? 🔵 Our feature, #LifecycleGovernance, addresses this issue head-on. By enabling a comprehensive and rigorous assessment staged framework across a model’s deployment, teams using Calvin’s platform can align internal evaluations with firm objectives, ensuring proper compliance and oversight at every stage. 💡 If Meta had adopted such a process, they could have likely avoided this incident by: ✅ Not launching the bots prematurely. ✅Retiring problematic bots sooner. ✅Clearly labeling the bots as fictional characters. ✅Enhancing transparency about their purpose and design. 💬 Curious about safeguarding your AI chatbot against unwanted outcomes? Book a demo with us today! https://lnkd.in/dib3cHnt