Credo AI funding news – Brussels-based Credo AI Secures €19.4 Million in Funding

With this, the company has raised $41.3 million in total capital. In addition, the firm strategically expanded its leadership team in the areas of People, Go-to-Market (GTM), and Engineering. With the additional funding, it intends to scale up in response to the fast increasing need for safe and ethical usage of AI worldwide.

Credo AI will use the additional investment to strengthen its leadership team, broaden its strategic GTM initiatives, step up product innovation in governance intelligence, and improve its capacity to act as the focal point for AI governance.

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Significant efforts have been made in specifically designed integrations with the goal of automating governance procedures across the top MLops and LLMops systems in the market, guaranteeing smooth compliance with changing legal and industry standards. These programs will uphold Credo AI's dedication to fostering ethical AI adoption across all organisations while advancing AI innovation and operational effectiveness.

Navrina Singh, CEO and Founder of Credo AI said, “We are past the AI hype cycle and organizations now find themselves at a critical inflection point where they are expected to capitalize on AI systems, but don’t feel equipped to address mounting fears about safety and a growing laundry list of emerging rules for them to comply with. Governance is the key that unlocks the full potential of generative AI,”.

With an unwavering focus on standing up for people when AI algorithms are deployed, Credo AI has achieved enormous strides in its mission to ensuring that AI is always in service to humanity since its inception and pioneering of the AI Governance category in 2020.

The rapid expansion of Credo AI highlights its critical role in influencing AI governance going forward. This year, the company's income has tripled, and its workforce has expanded by three times, adding Mike Rogers as the new Head of income and GTM, Jessica Amato as the Head of People, and Benjamin Zamora as the VP of Engineering.

Prominent artificial intelligence companies, such as Mastercard, Northrop Grumman, Ruffalo Noel Levitz, and Booz Allen Hamilton, rely on Credo AI's software to give technical and non-technical stakeholders the capacity to handle, track, and evaluate risks associated with AI.

Mohamed Nanabhay, Managing Partner at Mozilla Ventures said, “Organizations of all sizes, all over the world, want to embrace AI innovation while acting responsibly and maintaining compliance in a fast-evolving regulatory landscape, Using Credo AI, leaders at these organizations can implement compliance and safety measures across the entire AI product lifecycle. Beyond compliance, Credo AI provides a foundation for organizations to innovate while considering (and mitigating) the unintended consequences of new AI systems”.

Yong Aik Gan, CEO of CrimsoNox Capital said, “We are honored to support Credo AI in their mission to safeguard society amidst the rapid surge in AI investment and innovation, As we stand on the brink of an era where AI’s transformative potential knows no bounds, it is imperative that our dedication to safety and ethical considerations matches our zeal for progress. Ensuring that technological advancements benefit humanity without causing harm is a responsibility we embrace with conviction.”

About Credo AI

Credo AI is on a mission to empower enterprises to responsibly build, adopt, procure, and use AI at scale. Credo AI’s cutting-edge AI governance platform automates AI oversight and risk management while enabling regulatory compliance to emerging global standards like the EU AI Act, NIST, and ISO. Credo AI keeps humans in control of AI for better business and society.