#USA #Palo Alto #Quantifind #AiDE #Graphyte

Quantifind Secures a $6.9 Million Contract from DIU

In an exciting development for the field of artificial intelligence, Quantifind, a prominent leader in AI-powered risk intelligence, has announced its recent award of a substantial $6.9 million contract from the Defense Innovation Unit (DIU). This contract will span a duration of 12 months and focuses on the creation of an innovative AI-enabled Diligence Evaluation (AIDE) platform.

A Game-Changer in Risk Management

The primary goal of this initiative is to streamline the Department of Defense's (DoD) approach to evaluating its commercial partners and the applicants for its ongoing Commercial Solutions Openings (CSOs). This is a significant step towards advancing the responsible use of AI technologies within the DoD, particularly in areas concerning due diligence and risk management.

Quantifind's AIDE platform, powered by its proprietary Graphyte technology, aims to automate the screening process for thousands of entities, allowing for faster identification of potential risks associated with foreign adversaries, criminal activities, and financial vulnerabilities. By integrating open-source, commercial, and client-specific data, the platform provides a thorough and nuanced risk assessment environment.

CEO Ari Tuchman highlighted the increasing demand for AI in government operations, noting, "This partnership showcases how the government is increasingly keeping pace with the private sector in its responsible use of operational AI." He emphasized the excitement surrounding the collaboration, which aims to unlock capabilities used by financial institutions to detect illicit activities and apply them to bolster national security efforts.

Features of the AIDE Platform

The features of the new AIDE platform include:

• - Dedicated User Interface: Designed specifically for government analysts, this interface will allow bulk screenings and support automated network expansion with multiple connection hops.
• - ICS-206.01 Compliance: The platform will generate reports in line with secure information-sharing protocols, ensuring the safe handling of sensitive data.
• - Large Language Model (LLM) Capabilities: Incorporating LLM-based summaries will help expedite analyst workflows and enhance decision-making processes.
• - Integration with New Data Partners: The platform will also evaluate and integrate new commercial and multilingual data partnerships to improve visibility across global supply chains and corporate networks.

The Importance of Collaboration

The collaboration between Quantifind and the DIU is a testament to the growing recognition of the role that public-private partnerships can play in enhancing national security. By sharing tools and resources, both sectors can effectively combat bad actors, uncover hidden ownership of entities, and identify high-risk networks before they can pose a threat.

The DIU’s mission is to ensure national security by accelerating the adoption of commercial technology throughout military operations, thereby fostering an innovation base in both allied and national security sectors. Collaborating with organizations like Quantifind, the DIU aims to rapidly prototype and deploy dual-use capabilities that address operational challenges swiftly and effectively.

Quantifind has established its credibility in the field of AI-driven risk intelligence, with a clientele that includes seven of the top ten largest banks in the United States and numerous federal agencies. By utilizing a combination of machine learning, natural language processing, and proprietary algorithms, the Graphyte platform has proven instrumental in identifying indicators of illicit financial activities, foreign influence, and supply chain risks across vast amounts of data.

Founded in 2009 and headquartered in Palo Alto, California, Quantifind is poised to make significant contributions to national security and risk management. As the landscape of AI technology evolves, the effects of this partnership will undoubtedly be closely watched by industry experts and analysts alike. This collaboration exemplifies the innovative strides being made in the realm of AI and its application towards maintaining security and integrity in national operations.