Iterative Capital invests in Singapore’s AI copilot startup Opilot

Opilot, a Singapore-based AI startup focusing on data privacy and protection, has raised an undisclosed pre-seed amount from Iterative Capital.

This capital will allow it to scale its premium and enterprise tiers as it begins pilot tests with companies.

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With the increase in AI adoption across the workforce, more people are using AI to write emails, create reports and brainstorm ideas. However, the data shared could put users and businesses at risk — with client data, business data and trade secrets at stake.

As a result, companies have started banning or restricting AI usage, resulting in non-compliant workarounds, such as employees using their personal ChatGPT accounts to process emails and company data.

Opilot seeks to create a win-win solution, with employees and companies benefiting from AI to improve overall productivity while maintaining airtight data privacy and protection.

The startup has launched a local, secure, and private AI copilot solution running fully on-device, which is particularly useful for industries or functions that demand the highest data protection and confidentiality standards.

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With Opilot, all data is processed locally, with no inputs shared with cloud servers. This additional layer of data protection prevents data breaches encountered by companies using cloud-based services, such as ChatGPT.

Industries that have held back AI usage for employees, such as law and insurance, can increase their productivity as even their most sensitive information, such as contracts with client data or financial models, can now be processed securely.

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Image Credit: Opilot.

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