With pressure increasing on Europe to catch up in the AI race, it’s more important than ever to invest in promising AI companies, as was emphasized last week by Emmanuel Macron and Ursula von der Leyen. With up to €7.5M in funding from the European Innovation Council (EIC), Deeploy can enhance its platform with new transparency features and build a partnership network across Europe.
"Europe has set a global standard for AI ethics and governance, and we are proud to be at the forefront of this movement. The EIC Accelerator funding allows us to scale our platform and ensure that AI deployed in Europe is not only powerful but also trustworthy, transparent, and aligned with European values."
Scaling Deeploy with support from Europe
With AI emerging in virtually every organization, the risks are increasing. An estimated 85% of the jobs in Europe will change, and without the proper controls, we’ll be dependent on (mostly US) big tech. It’s hard to ensure control of AI. Not every model is transparent for its users, and models are not always properly monitored, leading to high risks of unwanted bias, or unethical use of AI.
Deeploy, founded in 2020 as a spin-off of Enjins, by AI entrepreneurs Tim Kleinloog, Maarten Stolk, Bastiaan van de Rakt, and Nick Jetten, addresses these challenges, and with their team developed software to ensure the safe and transparent use of AI. Deeploy gained in several regulated markets across Europe, including healthcare, banking, insurance, and the government.
Key features of Deeploy’s platform include:
- Built-in explainability methods, to explain AI decisions.
- Automated compliance documentation for the EU AI Act.
- Risk and bias detection to ensure ethical AI use.
- Privacy-by-design architecture to keep data within organizational infrastructure.
“With AI adoption accelerating, companies need practical solutions to ensure model risks can be controlled. The EIC funding enables us to push AI governance beyond check-the-box compliance. We plan to expand Deeploy's explainability methods for complex AI models, enhance our platform capabilities for compliance with EU regulations and ISO standards, foster AI sovereignty in Europe, and build a partnership network across the continent.”
Europe invests in high-impact startups
Europe is lagging behind compared to the US and China, as has become obvious over the last years. During the AI Action Summit in Paris last week, the emphasis was on investments in European AI. The EIC Accelerator focuses on cutting-edge startups, including AI technologies that ensure transparency, accountability, and ethical standards within the European ecosystem.
Deeploy is one of the few cutting-edge AI startup companies selected from over 4,000 applicants, reinforcing Europe’s commitment to trustworthy, transparent, and compliant AI solutions. EIC granted Deeploy EUR 2.5M in grant, and is reserved EUR 5.0M in equity for Deeploy’s next funding round.
For media inquiries, partnership opportunities, or more details, please contact:
Maarten Stolk, CEO
mstolk@deeploy.ml
Sofia Karali, Head of Marketing at Deeploy
skarali@deeploy.ml
