anch.AI, a Stockholm, Sweden-based released the first horizontally integrated ethical AI governance platform, a one-stop-shop for businesses to accelerate responsible AI adoption across their organization, secured $2.1 million in seed funding to further develop and launch their pioneering risk assessment platform.
The round was led by Benhamou Global Ventures (BGV), with participation from Terrain Invest, Magnus Rausing, Kent Janér, and Fredrik Andersson.
Round: Seed Round
Funding Month: January 2022
Lead Investors: Benhamou Global Ventures (BGV)
Additional Investors: Terrain Invest, Magnus Rausing, Kent Janér, and Fredrik Andersson
Company Website: https://anch.ai/
Software Category: Risk assessment platform
About the Company: founded in 2018 by Anna Felländer—a leading expert on the effects of digitalization on organizations, society, and the economy—to determine the ethical and societal risks of AI. Originally formed as a multidisciplinary research and consulting think tank, anch.AI pivoted in 2021 to developing a risk assessment platform for businesses to ensure their use of AI is ethical and compliant with forthcoming regulation in the European Union. The customer base of over 20 customers using the products leading up to the platform, is ranging from global biopharmaceutical, retail, and telecommunication companies to national agencies across the Nordic region.