Switzerland-based Calvin Risk aims to simplify GenAI regulatory compliance for enterprises via its flagship risk management system, Calvin. The platform provides continuous monitoring of AI projects, particularly focusing on new features and their ethical and regulatory implications. The company also offers LLM performance, fairness, and safety assessment features.
The platform is designed to calculate the precise probability of ethical failures in AI, aiming to establish a standard for "humanity-centric" automation that aligns with societal expectations. Its AI Risk Management Framework (RMF) integrates technical, ethical, and regulatory considerations across the AI lifecycle, aligning with NIST's AI RMF and the OECD's guidelines. It includes five steps: Define, Setup, Initialize, Assess, and React, addressing performance metrics, control methods, reproducibility, risk assessment, and production changes.
Calvin Risk generates revenue by charging enterprises an annual license for use of its platform.
Key customers and partnerships
Notable customers included Aviva, Lloyds Banking Group, and Lufthansa. The company also joined HITS Innovation Garage, an innovation hub powered by Generali.
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