Citadel AI Inc. (headquarters: Shibuya-ku, Tokyo; CEO: Hironori Kobayashi), a global leader in trustworthy AI technology, is pleased to announce that it has been selected as one of the “100 Top Startups” by Toyo Keizai Weekly, a renowned business and economic publication in Japan.
About the “100 Top Startups
The “100 Top Startups” is an annual report from Toyo Keizai Weekly, one of Japan’s most respected publications in business and economics. Toyo Keizai independently selects the 100 most promising startups in Japan with the potential to become the next unicorn company, based on criteria such as fundraising history and the uniqueness of their business and technology.
In Toyo Keizai’s September 16 & 23 issue, which will be available from September 11, 2023, Toyo Keizai will publish their “100 Top Startups” report for 2023, which includes Citadel AI and features our business competitiveness, impact on society, and future plans. The article is also available on Toyo Keizai Online.
Weekly Toyo Keizai: September 16 & 23, 2023 combined issue
Toyo Keizai Online: The Top 100 Startups 2023, full list.
Background and challenges for Trustworthy AI
According to the United Nations Innovation Report, the global AI market is expected to grow to $1.6 trillion (JPY 220 trillion) by 2030. AI systems are now increasingly utilized in medical devices, autonomous driving, critical infrastructure such as factories and power plants, and credit screening, where safety and trustworthiness are essential.
On June 14, 2023, the European Parliament approved the EU AI Act, the world’s leading AI regulation that focuses on requirements for high-risk AI systems. The International Organisation for Standardisation (ISO) has also already published 20 AI-related international standards, with many more draft standards in development.
However, actually conducting quality assurance of AI systems is often an inconsistent, difficult, and time-consuming process. One of the key challenges of this decade is to develop technology to properly evaluate the trustworthiness of AI systems.
Citadel AI solutions
Citadel AI provides technology for achieving trustworthy AI: Citadel Lens for automated reliability testing during the AI development stage, and Citadel Radar for automated monitoring during the operational stage.
With our products’ unique capability to measure AI risks from both technical and compliance perspectives, customers can improve their AI performance and achieve reliable AI from development to deployment.
Citadel AI’s products are utilized by BSI (British Standards Institution), a global leader in the field of standards and certification, to conduct technical assessments of AI systems. Citadel AI was selected from among 54 companies worldwide after a year-long technical evaluation process.
Our technology has been also recognised in other global markets, including by the Singapore Government’s AI Verify Foundation, the UK Government’s AI Assurance Portfolio, and the OECD’s Trustworthy AI Catalogue. In Japan, Citadel Lens and Radar are utilized by Suntory as their company-wide data governance foundation to improve the performance and reliability of a variety of AI systems.
Citadel AI’s technology is built from our team’s first-hand experience deploying high-risk AI systems at world-leading companies such as Google Brain, Waymo, Toyota, and more. Our products utilize model-agnostic technology to validate and monitor AI systems from the outside, and can be applied across all AI projects within an organization as a unified AI reliability platform.