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Scryb Launches New AI Governance Technology Business Unit, ‘Raidian’

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Scryb Launches New AI Governance Technology Business Unit, ‘Raidian’

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 formed business unit delivering AI governance and compliance solutions for enterprises.

Radian empowers businesses with software to manage AI risks, streamline compliance efforts, and unlock operational efficiencies, enabling them to deploy AI with confidence in highly regulated and complex environments. With the growing demand for businesses to manage AI risks and comply with new AI regulations, Scryb is prioritizing the opportunity with Raidian. Raidian has successfully developed a prototype of its Software as a Service (“SaaS”) product, and is actively presenting it at commercial showcases and live demos.

To accelerate the growth and leadership of this venture, Scryb has appointed Yoav Raiter, a seasoned software expert with over 30 years of experience in driving innovation, as Raidian’s new CEO. Under the leadership of Yoav Raiter, Raidian is poised to become a trusted partner for enterprises navigating the challenges of AI governance. Yoav Raiter will step down from Scryb Inc. as CEO and from its Board of Directors to focus his efforts on the Raidian opportunity. The Company would like to thank Mr. Raiter for his several years of valuable contributions to Scryb, including to FRR, Cybeats, AI technology advancement, and leadership.

“The need for AI governance and management tools is greater than ever, as organizations face growing challenges in navigating 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, trustworthy, and compliant AI systems, while capturing the immense potential of this rapidly growing market.”

Radian addresses the critical challenges enterprises face in managing interconnected AI systems, where cascading effects across 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 AI software and services spending by 2027.

Unlike conventional tools that focus on siloed AI models, Raidian’s dynamic monitoring capabilities provide real-time insights into the interdependencies of AI systems, enabling proactive risk mitigation and compliance management. By automating key functions such as monitoring, risk assessment, and compliance, Raidian reduces complexity and cost while safeguarding enterprises from legal, financial, and reputational risks tied to non-compliance.

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