Toronto, Ontario–(Newsfile Corp. – December 8, 2024) – Scryb Inc. (CSE: SCYB) (OTCQB: SCYRF) (FSE: EIY) (“Scryb” or the “Company”), is pleased to announce the launch of Raidian, a newly created business unit providing AI governance and compliance solutions to enterprises.
Radian empowers businesses with software to manage AI risks, streamline compliance efforts, and unlock operational efficiencies, enabling them to confidently deploy AI in highly regulated and complex environments. With growing demand from businesses to manage AI risks and comply with new AI regulations, Scryb is prioritizing this opportunity with Raidian. Raidian has successfully developed a prototype of its Software as a Service (“SaaS”) product and is actively demonstrating it during trade showcases and live demonstrations.
To accelerate this company’s growth and leadership, Scryb has named Yoav Raiter, a seasoned software expert with over 30 years of experience driving innovation, as Raidian’s new CEO. Under the leadership of Yoav Raiter, Raidian is poised to become a trusted partner for businesses facing AI governance challenges. Yoav Raiter will leave Scryb Inc. as CEO and its board of directors to focus his efforts on the Raidian opportunity. The Company would like to thank Mr. Raiter for his many years of valuable contributions to Scryb, including FRR, Cybeats, the advancement of AI technology and his leadership.
“The need for AI governance and management tools is greater than ever, as organizations face increasing challenges in managing AI risks and regulatory requirements. » said Yoav Raiter, CEO of Raidian. “Raidian’s mission is to equip businesses with the tools they need to ensure safe, reliable and compliant AI systems, while capturing the immense potential of this rapidly growing market.
Radian addresses the critical challenges businesses face in managing interconnected AI systems, where cascading effects between models can create significant risks. This venture builds on Scryb’s successful track record of delivering scalable SaaS solutions and targets the growing demand for AI governance, with the market expected to reach $741 billion in spending on AI software and services d by 2027.
Unlike conventional tools that focus on siled AI models, Raidian’s dynamic monitoring capabilities provide real-time insights into AI system interdependencies, enabling proactive risk mitigation and compliance management. By automating key functions such as monitoring, risk assessment and compliance, Raidian reduces complexity and costs while protecting businesses from the legal, financial and reputational risks associated with non-compliance.
Radian’s market faces increased global regulation, such as the EU AI Act and White House Executive Order 14110, as well as Gartner’s prediction that domain-specific AI will automate 20% of processes repetitive by 2026. As AI continues to evolve, Raidian is well-positioned to not only meet regulatory requirements, but also set the benchmark for safe and responsible adoption of AI in all sectors.
Led by Yoav Raiter, Raidian is able to provide businesses with tools to comply with regulations such as the EU AI Act and NIST guidelines, ensuring compliant and secure AI operations.
James Van Staveren has been named interim CEO of Scryb Inc., effective immediately. Mr. Van Staveren has been part of Scryb’s management team for several years and has significant experience in corporate development, capital markets and investor relations.
About Scryb inc.
Scryb specializes in creating and growing disruptive companies in the areas of applied AI, digital health, cybersecurity and biotechnology. Its portfolio includes Cybeats Technologies Corp., a leader in cybersecurity in which Scryb has a significant stake. For more information, visit http://scryb.ai.
Contact:
James Van Staveren, CEO Phone: 647-872-9982 E-mail: info@scryb.ai
Cautionary Statement Regarding Forward-Looking Information
Except for statements of historical fact, this press release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other words similar, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on opinions and estimates as of the date they are made and are subject to a variety of risks and uncertainties as well as other factors that could cause events or results Actual results differ materially from those anticipated in the forward-looking statements. statements including, but not limited to, delays or uncertainties related to regulatory approvals, including that of the CSE. There are inherent uncertainties in forward-looking information, including factors beyond the Company’s control. There can be no assurance that plans to commercialize the technology described in this press release will be effective on the terms or schedule described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities authorities, which documents are available at the following address: https://www.sedarplus.ca/
