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Confidential January 2026 JPM Healthcare Week

GLACIS Diligence Materials
for SemperVirens

From: Joe Braidwood & Dr. Jennifer Shannon

01 Portfolio Synergies 02 GTM & ICPs 03 Design Partners 04 Insurance Opportunity 05 IP & Moat 06 The Ask

Executive Summary

GLACIS is building the evidence layer for AI governance — cryptographic attestation infrastructure that turns runtime controls into independently verifiable proof. We're not building "better guardrails" (that's becoming table stakes). We're building evidence-grade enforcement: portable receipts that third parties can verify without trusting a vendor dashboard.

Healthcare is our beachhead because the pain is acute: digital health vendors are getting blocked by hospital security reviews, not because their AI is unsafe, but because they can't prove it's safe in a way procurement teams can verify.

Early Validation — All Inbound

Three design partners committed (nVoq, Prompt Opinion, PraxisPro). Credo AI's CEO (Forrester Wave leader) reached out directly — meeting at JPM to discuss integration. Mayo Clinic in active prospecting. Zero marketing spend.

01 Portfolio Synergies

Spring Health: Why This Matters to Us

Mental health AI carries unique governance challenges — and unique regulatory scrutiny. We're meeting with Spring Health's Head of Responsible AI tonight at JPM, and we believe the fit is exceptional.

Jennifer's Background

Dr. Jennifer Shannon (our Co-Founder & CMO) brings deep mental health clinical expertise. Her background means we understand the clinical stakes of AI in behavioral health — not just the technical controls, but why they matter for patient safety.

The Spring Health Opportunity

Spring Health's AI-powered mental health platform faces the exact procurement friction we solve: employers and health plans asking "prove your AI is safe" before approving vendor contracts. Evidence-grade attestation is what closes that gap.

Your Portfolio = Our Customer Pipeline

SemperVirens' healthcare portfolio companies are precisely our target ICP — digital health vendors deploying AI into clinical workflows who face procurement friction:

Portfolio Company AI Use Case GLACIS Value
Spring Health AI-powered mental health matching & care navigation Evidence pack for employer/payer security reviews
Rula AI-driven therapist matching Attestation for state licensure compliance
Midi Health AI clinical decision support for menopause care PHI non-egress proof for payer contracts
Rightway AI care navigation & benefits guidance Compliance evidence for enterprise HR buyers

The strategic fit: SemperVirens invests in category-defining AI for complex markets. Your portfolio companies need evidence infrastructure to close enterprise deals. We provide the verification layer that turns "trust us" into "verify yourself."

02 GTM Segments and ICPs

Primary ICP: Digital Health AI Vendors

We sell to the vendor who is blocked, not the hospital who is busy.

The Insight

Hospital and employer security teams are gatekeepers, but they're not the ones with urgent purchase intent. The pain sits with AI vendors trying to get through security review — losing deals, delaying deployments, burning cycles on manual audit responses.

Target Profile

  • Digital health SaaS deploying AI into clinical workflows
  • Series A-C, $10-100M revenue range
  • Already have guardrails (or think they do)
  • Getting blocked on "prove your AI is safe"

Titles: VP Engineering, Head of Product, CCO, CEO

Why They Buy

  • Reduce time-to-approval with health systems & employers
  • Produce evidence artifacts security reviews accept
  • Avoid building bespoke audit infrastructure
  • Get ahead of regulatory deadlines

Secondary ICP: Health System & Employer Security Teams

We're not selling to buyers directly in Phase 1, but we need them to pull our evidence format into evaluation workflows. When a health system says "we accept GLACIS attestation packs," vendors have to adopt us.

The play: Partner, don't sell. Get our evidence format accepted as a standard artifact in security review processes. This creates demand pull from vendors.

03 Design Partners & Validation

All Inbound — Zero Marketing Spend

Everything below came from organic discovery — LinkedIn content, HLTH networking, word of mouth. We haven't run a single campaign. The pull is real.

Design Partners (Committed)

Company Status Deal Structure What We'd Prove
PraxisPro LOI signed Design partnership → paid pilot Evidence-grade AI governance for enterprise
nVoq Verbal commit — diligence with compliance team 90-day pilot → $25K ARR conversion Evidence pack closes enterprise security review
Prompt Opinion Tech kickoff scheduled January Design partnership AI governance for clinical decisions

Active Prospecting

Company Status What They Need
Spring Health Meeting Head of Responsible AI at JPM Evidence pack for employer/payer security reviews
Kaiser Permanente Health system / payer AI governance framework for clinical AI
MultiCare Health system / payer AI governance framework for clinical AI
Mayo Clinic Platform CIO conversation AI governance framework for clinical AI
Credo AI CEO reached out — meeting at JPM Runtime attestation integration for governance platform

Risk Reversal Guarantee

We're confident enough to offer: No deployable evidence pack? Full refund. Design partners can pilot with zero downside — if we can't produce verifiable attestation artifacts that pass their customer's security review, they pay nothing.

04 The Insurance Opportunity

Strategic Alignment with Your LPs

SemperVirens' LP base includes Cigna, Guardian, MetLife, and Unum — exactly the carriers who need actuarial data on AI risk. Our patent portfolio (Family C) explicitly covers insurance integration.

Why Insurers Can't Price AI Risk Today

Carriers lack actuarial data on what AI controls actually work in production. They can't differentiate between "we have guardrails" (every vendor claims this) and "our guardrails demonstrably fire" (almost no one can prove this).

The Problem

  • No standardized telemetry from AI deployments
  • Can't verify vendor claims about controls
  • Manual audits don't scale for underwriting
  • Claims data arrives too late to inform pricing

What GLACIS Enables

  • Cryptographic proof of control execution
  • Continuous attestation, not point-in-time audit
  • Parametric triggers for automated payouts
  • Zero-knowledge risk assessment (no content custody)

$50B+ Market by 2030

AI liability insurance is nascent but accelerating. The carriers who can accurately price AI risk will capture massive market share. We provide the evidence infrastructure that makes AI deployments insurable.

$50B+
Projected AI Insurance Market (2030)
4
Insurance Carriers in Your LP Base
15+
Patent Claims on Insurance Integration

The path: Phase 1 (now) — build evidence infrastructure with digital health vendors. Phase 2 (2026+) — partner with carriers to turn attestation data into underwriting inputs. Your LPs get early access to the actuarial data they need.

05 Intellectual Property & Moat

The Flight Recorder Concept: Treating AI monitoring as a cryptographically constrained, tamper-evident flight recorder — evidence stays local, only commitments export, and third parties can verify without seeing sensitive data.

70+
Patent Claims Filed
4
Core Patent Families

Filed with Fenwick & West, November 2025

Patent Families

Family A: Integrated Non-Egress Attestation

Governed canonicalization, policy-scoped PRF for deterministic sampling, two-tier attestations (L0/L2), co-epoch binding. The core infrastructure for evidence-grade enforcement.

Family B: Self-Stabilizing Control

Metrics aggregated only from verified receipts. Controller with bounded invariants. Five cryptographic gates for control actions.

Family C: Insurance Risk Pricing

Parametric trigger conditions verified from attestation data. Automated payout execution. Zero-knowledge risk assessment without content custody. This is why your insurance LPs should care.

Family D: Statistical Safety Signal Protocol (S3P)

Cryptographic random sampling, post-epoch nonce publication, Clopper-Pearson confidence intervals for actuarial pricing.

Why This Matters

The patents protect the verification layer, not just the enforcement layer. Competitors can build guardrails. They can build monitoring. But producing cryptographic evidence that a third party can verify without trusting the vendor dashboard — and turning that into insurable, parametric trigger events — that's our protected territory.

06 The Ask

18-Month Milestones

  • 10 paying customers
  • $500K-$1M ARR
  • Evidence format accepted by 2-3 health systems
  • GLACIS Attestation Profile 1.0 (open spec)
  • Insurance carrier pilot (leverage your LP relationships)

Use of Funds

  • 60% Engineering: Evidence Pack, verifier UX, integrations
  • 30% GTM: Convert design partners, health system relationships
  • 10% Operations: SOC 2, legal, infrastructure

Why SemperVirens

Portfolio as Pipeline

Spring Health, Rula, Midi Health, Rightway — your portfolio is our customer base. Built-in design partner and pilot opportunities.

Insurance LP Access

Cigna, Guardian, MetLife, Unum — direct path to Phase 2 insurance partnerships that our patent portfolio unlocks.

Enterprise Distribution

8,000+ enterprise buyer connections. Your ecosystem approach matches our GTM: evidence format becomes procurement standard.

Category-Defining AI

Your thesis is AI for complex markets. We're building the evidence layer that makes AI deployable in the most complex market of all: healthcare.

Let's discuss how GLACIS fits your portfolio strategy — and how Spring Health and your other healthcare companies could benefit from evidence-grade AI governance.