Credo AI, a San Francisco, CA-based company behind the world's first Responsible AI (RAI) Governance Platform, announced the closed of a $12.8 million Series A financing.
The round was led by Sands Capital, with follow-on investments from existing investors Decibel and AI Fund.
This latest funding round will enable Credo AI to bring the transformative impact of Responsible AI governance to more enterprises in the world.
The funding will be used to accelerate product development, build a strong go-to-market team to continue Credo AI's Responsible AI category leadership, and strengthen the tech policy function to support emerging standards and policies.
Company: Credo AI
Raised: $12.8M
Round: Series A
Funding Month: May 2022
Lead Investors: Sands Capital
Additional Investors: Decibel and AI Fund
Company Website: https://www.credo.ai/
Software Category: Responsible AI (RAI) Governance Platform
About the Company: Founded in 2020, by Navrina Singh and Eli Chen, Credo AI is a venture-backed company on a mission to empower organizations to deliver Responsible AI (RAI) at scale. Credo AI brings context-driven governance and risk assessment to ensure compliant, fair, transparent, and auditable development and use of AI. Credo AI's Intelligent SaaS platform empowers enterprises to measure, monitor and manage AI introduced risks at scale. Credo AI enables organizations to create AI with the highest ethical standards so that they can capture its tremendous benefits while mitigating unintended negative consequences. Credo AI customers include AI-first and Global 2000s across Retail, Finance, Banking, Insurance, Defense, and High Tech.
Source: https://www.prnewswire.com/news-releases/credo-ai-closes-12-8-million-series-a-funding-round-led-by-sands-capital-301548311.html https://www.credo.ai/blog/credo-ai-announces-12-8-million-series-a-funding-round-for-responsible-ai