Monitaur, a Boston, MA-based provider of model governance software for highly regulated companies and their partners, has closed a $6 million Series A funding round. 

Investors

The round was led by Cultivation Capital, with participation from Rockmont Partners, as well as contributions from Defy VC, Techstars, and Studio VC. 

Founded in 2012, Cultivation Capital is a venture capital firm focused on investing in technology, life sciences, geospatial, and agtech companies. They invest in young companies whose ideas have the potential to transform the way we live and work. 

Monitaur Use of Funds 

The company will use the funding to accelerate its growth trajectory and expand its talent pool across various functions. The funding will fuel Monitaur's expansion efforts, allowing the company to scale its operations and enhance its capabilities. 

About Monitaur 

Monitaur provides model governance software that helps highly-regulated enterprises build better AI models that businesses, regulators, and consumers can trust. The company delivers solutions that help enterprises and their partners define, manage, and automate fundamental best practices throughout the modeling project lifecycle. With Monitaur, companies can accelerate innovation with clarity and confidence in the transparency, performance, fairness, safety, and compliance of their modeling systems. 

Funding Details

Company: Monitaur, Inc. 

Raised: $6.0M

Round: Series A 

Funding Month: May 2024 

Lead Investors: Cultivation Capital 

Additional Investors: Rockmont Partners, as well as contributions from Defy VC, Techstars, Studio VC 

Company Website: https://www.monitaur.ai/ 

Software Category: AI Governance 

Source: https://www.businesswire.com/news/home/20240513721294/en/