WhiteBox Project
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Date of Foundation
2021

WhiteBox Project

Streamlining EU AI Regulatory Compliance

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The Idea origin story

The EU's impending AI Act presents a enormous regulatory challenge for all in the AI industry. Our project, WhiteBox, offers a solution to ease this burden especially directed at startups and small to medium businesses. We developed an AI system that assesses algorithm impacts on human rights, democracy and the rule of law. This system extracts necessary information from technical documents and prepares requisite documentation for regulatory compliance swiftly & cost-effectively.

The Mission

"Empowering businesses to seamlessly comply with EU AI regulations, safeguarding Human Rights, Democracy and the Rule of Law."

Clients

small to medium companies and startups that provide products and services that use or that are empowered by AI

Problems we solve

Client’s problem

Compliance with the impending EU AI Act places a massive burden on businesses, particularly SMEs and startups. Our tool simplifies the complex task of assessing AI impacts on human rights, democracy and law, saving substantial time and costs annually.

Confirmation of problem

Annually in average a small business will pay $USD83,000 in regulations. Just in the US alone it is steeped that 25 cents out of every dollar spent in product and services go to regulatory affairs.

Solution

Our solution is a low-cost AI system that quickly extracts information, assesses the algorithm's impact on human rights and democracy, and prepares all necessary compliance documents.

Our technologies

This solution is based on technologies

AI and Machine Learning, Natural Language Processing (NLP), Big Data Analytics, Blockchain for secure data handling.

How it works

Sure. Here is the simplified answer. Companies provide AI specifications and use-cases, our platform evaluates risk, generates regulatory docs, client then pays and downloads.

Value for the client

Our solution saves time, reduces costs, facilitates direct submissions to AI authorities, and accelerates market entry.

Market and strategy

Market size

66140

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

35

% of the market

Is our goal in the next 3 years

Team

My name’s

Jorge Arturo Cerdio Herrran

My key role in the product

My key role is a startup leader; I'm responsible for team leadership, AI system design, business model organization, and leading investment pitches.

Team size and key members

Our team: Iram Ponce, CTO; José Luis Hernández, CEO & Compliance Expert; Jesús Esquivel, Art/Law Expert-CEO; and Enrique Siqueiros, Chief Ethicist.

Competitors

Competitors

In addition to the Big Four (Deloitte, EY, KPMG, PwC), potential competitors may include regulatory technology (RegTech) startups specializing in AI compliance. Furthermore, software giants like IBM or Google could also pose a threat if they decide to expand their offerings into AI regulations compliance sector.

Our Advantages

1) Pioneering AI application transforming Human Rights, Democracy and Rule of Law landscapes. 2) Affordable solution tailor-made for small to medium-sized innovation pioneers. 3) Stay a step ahead with round-the-clock compliance enabled through SmartTracking, Extractive and Generative AI. 4) Top-tier encryption ensured, offering client-centric SaS solutions where data stays solely with the user.

Business model

We charge a 10% fee on the value of the AI system. E.g., for an AI platform worth $36K, we charge $3.6K.

Traction

Our robust prototype is designed to process varied AI systems effectively. With a functional interface tested across many use cases, we provide an adaptable solution for diverse needs.

We'll secure a consistent client base, ensuring equilibrium in cash flow while gaining 1% market share, demonstrating our value proposition. We've established a trajectory towards profitability within three years.

Metrics

Product metrics gauge the success of a product by tracking its performance, user engagement and overall functionality. They provide insights that facilitate decision-making in marketing strategies, upgrades or changes required for optimal efficiency.

Incorporation

Our company incorporated in

Mexico

Key risks

The main risks of your startup could be: changes in EU regulations that may require major software adjustments; potential competitors with similar solutions; resistance from companies hesitant to trust an AI system for legal compliance tasks; and securing initial funding.

Investments

$

100000

We raised investments

Our Investors

the co-founders 100% of the share, divided into 5

Rising Investments

$

1000000

Currently, we are raising investments

$

500K

Estimated pre-investment valuation of the company

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We’re looking for a co-founders

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Additional information

WhiteBox Project
Idea
Date of Foundation
2021