WhitegloveAI Secures First Round of Investor Funding to Propel AI Integration Services Forward

Frisco, TX — April 10, 2024 — WhitegloveAI, a leader in Managed AI Service Provider™ (MAISP) solutions, is thrilled to announce the receipt of the first investor check successfully opening its $5M seed round, a testament to the company's growing market presence, impact and recognition. This milestone marks a significant vote of confidence in WhitegloveAI's mission to revolutionize the integration of artificial intelligence into business operations, with a strong emphasis on security and innovation.

Local investor and philanthropist, John Rattan, based in Anna, Texas, saw in WhitegloveAI an unparalleled opportunity to harness the immense potential of AI for organizations, emphasizing secure and ethical utilization. His keen sense of spotting innovative ventures, coupled with a staunch commitment to ethical standards, led him to recognize the significant, transformative role AI could play in various industries. John Rattan's backing of WhitegloveAI not only reflects his confidence in the company’s vision but also showcases his dedication to advancing technology that upholds data privacy and ethical integrity. By investing in WhitegloveAI, he positions himself as a pioneer in promoting AI solutions that are not only technologically advanced and efficient but also firmly rooted in ethical practices and transparency, thereby establishing a new standard for responsible AI development and deployment.

The fresh injection of capital will be strategically allocated towards the expansion of WhitegloveAI's infrastructure, team and key leaders to better serve our burgeoning client base. The company plans to enhance its AI Adoption and Management Framework (AI-AMF), which is designed to shepherd organizations through the intricacies of AI adoption and management. At the forefront of this suite is the Fractional Chief AI Officer (vCAIO), an executive-level offering that amalgamates our core services—Innovate, Secure & Govern, Integrate, Employ and Customer - ensuring businesses have access to the most comprehensive and secure AI solutions available.

"Our vision at WhitegloveAI has always been to blend the transformative power of artificial intelligence with the most rigorous cybersecurity practices," said Nick James, CEO of WhitegloveAI. "This investment is not just a testament to our achievements so far but also a catalyst for our future endeavors. We are grateful to our investor who saw the potential in our mission and chose to support us in paving the way for an AI-driven future."

The company's strategic plan outlines a series of initiatives aimed at bolstering its service offerings. Key areas include:

• Releasing the AI-AMF under an open-source licence to enable global contribution and adoption of the AI-AMF.
• Further development of proprietary methodologies for private and internal AI deployments to enable adoption of smaller, more secure AI models.
• Implementation of robust cybersecurity measures to stay ahead of evolving digital threats.
• Expansion of an expert team of Principal vCAIOs dedicated to helping our clients embrace the power of AI while enabling secure and responsible adoption of AI.
• Forging new partnerships and fostering collaborative relationships with industry leaders.

WhitegloveAI is poised to set new standards in the AI domain and lead the next wave of digital transformation with this financial backing. "We are committed to delivering unparalleled value to our clients, and this funding round empowers us to scale our services, maintain our competitive edge, and continue our journey of innovation and excellence," James added.

The WhitegloveAI team extends its deepest gratitude to the investor for sharing in the belief that AI can be an indispensable part of modern business infrastructure when managed with expertise and foresight. This investment is a profound affirmation of the hard work and dedication that has been the hallmark of WhitegloveAI's operation.

As we celebrate this pivotal moment, we invite our clients, partners, and the broader community to join us in looking forward to the exciting developments that lie ahead. With the support of our investors, WhitegloveAI is confidently embarking on the next chapter of growth, setting the stage for a smarter, more secure tomorrow.

For more information, please contact:

Alyssa Vircks, VP of Marketing - WhitegloveAI, [email protected]

###

About WhitegloveAI

WhitegloveAI is a pioneering Managed AI Service Provider™ (MAISP), known for expertly merging state-of-the-art artificial intelligence with top-tier cybersecurity practices. With a focus on comprehensive AI integration services, WhitegloveAI is dedicated to enhancing both the innovation and security of AI adoption in businesses worldwide.