USA – Credo AI, a San Francisco, CA-based provider of a Responsible AI (RAI) Governance Platform, closed a $12.8m Series A financing.
The round was led by Sands Capital, with follow-on investments from existing investors Decibel and AI Fund.The company intends to use the funds to accelerate product development and strengthen its tech policy function to support emerging AI standards and regulations globally. Founded in 2020 by Navrina Singh and Eli Chen, Credo AI brings context-driven governance and risk assessment to ensure compliant, fair, transparent and auditable development and use of AI. Its Intelligent SaaS platform empowers enterprises to measure, monitor and manage AI introduced risks at scale. Customers include AI first and Global 2000s across Retail, Finance and Banking, Insurance, Defense and High Tech. 17/05/2022
