JetStream Security emerges from stealth with $34M seed to build AI governance platform for enterprise adoption

cloud in all of its glory. There we go. That is the moment that building towards working on this. We're doing live TV and we have our first guest of the late. How are you doing? Great to meet you. Good to meet you. John, thanks for having me on your show. Thanks so much for hopping on the show.

Uh since this is your first appearance, please uh give us an introduction on yourself and the company. Sure. My name is Raj Rajamani. I'm the co-founder and CEO of Jetstream Security. We just came out of stealth this morning, so super exciting times.

And we are building an AI governance platform to help companies scale their enterprise AI adoption. Okay. Um, how much did you raise? $34 million in a seed round. Yes. Seed round by Red Point Ventures and Crowd Strike Falcon Fund. Yeah. So, uh tell me about how this fits in with uh with Crowd Strike, Octa, Whiz.

You're you you you have a lot of uh experience with those firms, some investors in common. Um how do you see yourself fitting into the market and going to going to market? Yeah, we think we are building something very unique and differentiated.

Uh and this is something I've discussed with both George and Mike uh who are the CEO and president at Crowd Strike. So before starting Jetream, I was leading the products initiators at Crowd Strike uh for the last 3 years or so and we had a lot of discussions about AI adoption and adoption challenges.

And at Jetstream, we believe companies have an AI trust problem more than a technology problem. And by that what we mean is with AI being probabilistic and being able to create compilers their own social networks and even deleting the odd email or two without being prompted.

We have serious trust issues and we think there are certain tools that you need in order to know what type of AI products you're using, understand them and even control them. And once you have all those in place, you are able to trust it and move it into scale production.

And that is what we are trying to help customers do. So yeah, what what uh what's an example of this? Because if you build a tool inhouse using AI, you probably know exactly what model you're using.

You might not have the weights, but you have, you know, you can read all about the the various model, the capabilities, the context window size, all everything else will be, you know, made available to you in the API.

Is this more for SAS products that are vending in AI features that you might have less uh insight into or more interpretability of the models themselves? I would say uh the the number one casualty in AI adoption is institutional wisdom. By that what I mean is documentation is never anyone's priority.

It's seldom accurate or up to date. Which means that we have subject matter matter experts within companies who are responsible for understanding how these systems operate. Frequently what happens especially with AI adoption is that everyone's role and responsibility is going to be much larger.

And what that means is that the institutional wisdom gets diluted and the way we counter that is by delivering what are called AI blueprints. These blueprints are the operational contract of an AI workflow. They define what AI is supposed to do and flag any deviations from the intended purpose.

They also track all the runtime activities, the permissions they are using, the data it touches, the services and tools it calls and so on so forth. So you have everything that you need in one single place.

And just like blueprints like the ones that we use for building homes and other buildings, it helps you see things that are not obvious to the naked eye. It helps you understand the specifications and tolerations that you as a company are willing to uh agree or use within your enterprise.

Will you be learning to drive a Le Man prototype so you can hang out with George Curtsmore? I'm afraid I'm more of a swimmer than a driver. And the last time I was on the track with him, he chided me for driving a Ferrari the way I drove my Prius. I've been driving a Prius for the last 15 years. That's amazing.

You're a swimmer though. You're a swimmer. Yes. Interesting. I try to get in in at least two or three times a week. So, I had a swim yesterday and hopefully one later this evening as well. Open ocean or are you more 24 hours of the Pacific Ocean? 24 hours of Alcatra. Just swimming around.

It's more like 24-hour fitness lab pool. Yeah. You have to start somewhere. That's fantastic. Uh how big is the team? How quickly do you want to go to market? How are you seeing enterprise versus uh the mid-market uh small startup adoption? Where do you see all this going? We are about 40 employees now.

And the interesting thing is almost every last person has worked with everyone else for an extended period of time. So this is a team and crew that knows each other really really well and um we are open for business. The product is in POVs already.

We were doing demos and I was getting texts from some of my investors saying, "Hey, I want to introduce you to these accounts. " We are obviously targeting the large Fortune 500 accounts initially.

Uh but we think this is a universal category in the sense that regardless of geo region, vertical or even the size of the company, everyone will need an AI governance platform much like how everyone uses an EDR product today.

And if we are able to solve it in a graceful and elegant manner, I think there is a lot of room in this market for both large enterprises and SMBs. Yeah, that makes sense. Uh well, thank you so much for taking the time to come chat with us. Congratulations on the fundraising round and uh say hello to George soon.

We'll talk to you soon. Have a good one. Let me tell you about Reream. One live stream, 30 plus destinations. If you want to multiream, go to reream. com.

Uh Jay Bhutard on Twitter or on Ax says there is a 0% chance regime change is accomplished in a short time frame referring to Iran but there is a 100% chance Trump quits this war ASAP if Intel keeps gapping down 6% a day and the Dow Jones stays losing a thousand points per day.

We have priorities in this country and so watch the stock market if you want to know where the war goes. I suppose is Ja Bard's point. Um, uh, Trump said that you'll be finding out very soon who's in charge of Iran. And of course, Anie Yengar said, "Emiter, the, uh, the the brief CEO of OpenAI.

" Um, which would be, of course, the funniest outcome. So, never write it out. Uh, there is another, uh, big story in the technology and venture world. Thrive Capital and Andre Horowitz are leading a $4 billion round into Anderoll. Uh very exciting and congrats to everyone over at Anderoll.

Um what it's still in the works, but uh there Bloomberg is reporting Josh Kushner's Thrive Capital and venture firm Andre and Horowitz are co-leading a funding round for Andrew that could nearly double the defense startup's valuation. There had been rumors about this this round at 50 or 60, correct?

Uh, so the fundraiser is finally going to be worth more than figure. That's right. And and they're getting up into the defense tech prime territory. Uh, Pal it was a big moment for Palunteer when they passed um the the sort of the legacy primes on market cap.

So well still got a ways to go with Loheed Martin sitting at 150 150 but within within the the sights. I don't know. Uh Josh uh Andrew seeking to raise about four billion. The fundraising expected to value the startup at 60 billion.

The company is raising capital as it pursues projects including a facility in Ohio to mass-produce aerial and maritime drones and other products.

Um, there was a piece in the New York Times about Palmer Lucky that was uh going back and forth kind of digging into honestly just a lot of history on the company, but also sort of, you know, trying to understand how deployed the different uh the different products are, where things are going well.

Um, I don't think it was the most friendly piece, but uh certainly uh uh