Enzai Secures $4 Million in Seed Round

by Kay Aloha Villamor in September 5th, 2023

Enzai, a Belfast, Northern Ireland-based startup that develops AI governance software, has secured $4 million (£3.2 million) in seed funding.

SaaS Investors

The round was led by Cavalry Ventures, with participation from Seedcamp, Techstart Ventures, and angel investors, including Paul Forster, founder of Indeed.com, and Jonathan Kewley, co-head of Clifford Chance.

Cavalry Ventures is a European early-stage venture capital fund focusing on pre-seed and seed stages, with EUR 260+ million in assets under management. Founded in 2016 and headquartered in Berlin, Germany. 

Enzai Use of Funds

The funding will be used to expand Enzai's teams in engineering, operations, policy, sales, and marketing.

About Enzai

Founded in 2021 by Ryan Donnelly and Jack Carlisle, Enzai offers AI governance software designed to help AI software creators navigate regulatory requirements for their code. The software allows developers to test how their AI performs under different policies and procedures in real time, enabling organizations to ensure responsible and compliant AI development and adoption. The company’s vision is to empower organizations to harness the potential of AI while minimizing risks.

Funding Details

Company: Enzai Technologies Limited 

Raised: $4.0M

Round: Seed Round

Funding Month: September 2023

Lead Investors: Cavalry Ventures

Additional Investors:

Company Website: https://www.enz.ai/ 

Software Category: AI Governance Software

Source: https://ts2.space/en/enzai-secures-4m-in-seed-funding-for-ai-governance-software/

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