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Credo AI raised $21 million in a Series A funding round led by CrimsoNox Capital, Mozilla Ventures, and FPV Ventures to enhance its leadership team and scale responsible AI governance solutions.

PRIVATEJul 30, 2024

Amount Raised

$21 Million

Round Type

Series A

San FranciscoInformation TechnologySoftwareData And AnalyticsScience And EngineeringArtificial Intelligence

Investors

AI FundBooz Allen HamiltonDecibel VCSands CapitalFPV VenturesMozilla VenturesCrimso Nox Capital

Description

Credo AI announced the completion of a $21 million funding round to support its growth in the AI governance sector. The company aims to address the rapidly increasing demand for responsible AI use and safety amid emerging regulatory standards.

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Company Information

Company

Credo AI

Location

San Francisco, California, United States

About

Founded in 2020, 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 are able to capture its tremendous benefits while mitigating unintended negative consequences. Credo AI customers include AI first and Global 2000s across Retail, Finance and Banking, Insurance, Defense and High Tech.

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Fundz sees it the moment Credo AI raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Credo AI raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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