Celebrating Success: ConfidentialMind Wins Finnish AI Startup of the Year 2024

Raido Linde
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December 18, 2024

We are excited to announce an awesome milestone for ConfidentialMind – winning the prestigious Finnish AI Startup of the Year 2024 Award at the first annual Finnish AI Gala!

What This Award Means to Us

AI Finland, which organizes the AI Gala is one of Finland’s leading AI organizations, bringing together leaders who push the boundaries of AI.  

Standing among this year’s winners is an honor we will cherish and continue to build upon, not only in Finland but also in many other countries across the EU and the USA.

Our CEO, Markku Räsänen, summarizes it best:

"This award reflects not just our innovation but our team, which consists of very talented and hard-working AI engineers and distributed systems specialists. All sharing the same goal of creating AI system that makes generative AI safe for the future of enterprises. This recognition highlights that our efforts are being noticed and respected by industry leaders."

The Winning Innovation

The LLM market is shifting from training to inference. But inference alone is not enough! Enterprises need complete AI systems that are cost-efficient and secure. Moreover, they have a need to simplify AI application development for software developers. Because they are the ones who are developing applications in most enterprises.

ConfidentialMind is well-positioned to fulfill that role. We have built a platform that works out of the box, also offering complete AI systems for enterprises to build on top of. Powered by open-source generative AI models and advanced development tools, our platform is specifically designed for enterprises and nation states seeking robust AI solutions.  

ConfidentialMind addresses three critical needs:

The development of LLM applications

We empower enterprise software developers to build applications with confidence. By removing complexity in AI application deployment and development, we allow developers to define and sync settings directly from the ConfidentialMind portal. This is the only way to achieve enterprise-wide adoption of generative AI, by putting the power in the hands of the developers who are building solutions.

Connecting with enterprise data

Connecting LLMs with enterprise data is a challenging task that requires connectivity with various data sources. We provide pre-built data connectors that allow enterprises to integrate with any data source, including databases, APIs, and LLMs. Making it easier and more efficient for enterprises to access and utilize data from diverse data sources.

Security and data privacy

Our solution is built for the most demanding data environments, including your on-premises and cloud environments. This ensures full control over the technology and LLM models, guaranteeing that data remains within your environment. Along with advanced authorization and authentication systems, we protect your data with robust, enterprise-grade security.

Acknowledgments and Gratitude

We couldn’t have achieved this milestone without the collective effort of our exceptional team, partners, and supporters.

A thank you goes to every team member of ConfidentialMind, whose passion, expertise, and dedication keep our mission moving forward day after day. Tirelessly putting in countless hours to build the best generative AI software infrastructure company in the world. Also, thank you goes to their spouses and families, who support us to make this possible. Without them, we would not be here.

We also want to extend our gratitude to our investors, led by Failup Ventures with participation from the Angel CoFund managed by Innovestor, Founder’s Edge. Including top industry angel investors, such as Ilkka Hiidenheimo (co-founder of Stonesoft), Jonathan Scudder (co-founder of ForgeRock), Daniel Fried (former GM & SVP EMEA and Worldwide Channel at Veeam), Jan Goetz, and Juha Vartiainen (co-founders of IQM Quantum Computers), among many others.

Lastly, we extend our gratitude to all the partners and contributors who have helped us so far. You know who you are.  

Organizer and partners who made the AI Gala possible:

  • AI Finland
  • Red Hat  
  • Business Finland
  • Gofore
  • Kauppalehti
  • Root signals

Looking Ahead

This award is not just a moment to celebrate but a catalyst for our future. We are more committed than ever, and our goal remains: to enable enterprises to use generative AI securely.

We are currently working on several exciting projects that we can't wait to share.  

Stay tuned as we continue to push the boundaries and set new benchmarks for AI.

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