Funding

[Funding alert] Finnish AI Governance Startup Saidot Raises €1.75M Seed Round Funding

Oct 5, 2023 | By Startup Rise EU

Finnish AI Governance Startup Saidot Raiss €1.75M Seed Round Funding, led by Crowberry Capital, a venture capital firm based in Iceland and Denmark that invests in seed and early-stage startups across the Nordics, and Finnish investment firm Ventic.
Team - Saidot

Finnish AI Governance Startup Saidot Raiss €1.75M Seed Round Funding, led by Crowberry Capital, a venture capital firm based in Iceland and Denmark that invests in seed and early-stage startups across the Nordics, and Finnish investment firm Ventic.

With this investment, Saidot plans to grow the sales of its AI governance Software-as-a-Service (SaaS) platform in Europe and launch new tools to help enterprise and government customers evaluate and implement safety systems for their generative AI systems.

Read also - Nord Security Raises $100 Mn funding at a $3 Bn valuation

RECOMMENDED FOR YOU

recomd
Funding
hexafarms funding news – Agtech Startup hexafarms Raises €1.3 Million in Pre-Seed Funding
Startup Rise EU
May 14, 2024
recomd
Funding
re:cap funding news – Berlin-based re:cap Secures $14.6 Million in Series A Round Funding
Startup Rise EU
Jun 4, 2024
recomd
Funding
ARX Robotics funding news – Munich-based ARX Robotics Secures €9 Million in Seed Funding
Startup Rise EU
Jun 10, 2024

Saidot has already acquired customers both in public administration (e.g. the Scottish Government) as well as the private sector (e.g. Deloitte).

Meeri Haataja, CEO and Founder at Saidot said, "I am thrilled about this new phase of our growth journey. With the rapid advancements of AI, governance and safety have become critical factors for our clients' generative AI successes. We are dedicated to helping our customers align their AI with human values and deploy it in compliance with the growing regulatory requirements,".

Veera Siivonen, Chief Commercial Officer and Partner at Saidot said, “We have created a strong connection with our investors during the discussions, and I am confident that together we will accelerate our growth and make Saidot the go-to partner for AI governance and alignment”,.

About Saidot

Saidot is a platform for teams who want to make their AI transparent and explainable and invite their end-users into a dialogue around transparency. We help our customers develop and deploy responsible AI.

Read also - Stuttgart-based Metergrid secures €2.7 million Seed Funding

Our founders Meeri Haataja and Veera Siivonen are seasoned AI and business leaders. Meeri is a pioneer in responsible AI. She has chaired IEEE's ethical AI initiatives and contributed widely to AI policies, and is currently on Safety Advisory Board of Snap Inc.

Read also - Swiss Startup Tune Insight Raises $3.4M in Funding

Recommended Stories for You

story
Funding

Heatio funding news -UK-based Heatio Secures £2Million in Funding

Startup Rise EU Jun 27, 2024

story
Funding

[Funding alert] France-based Unseenlabs Secures €85 Million in Funding

Startup Rise EU Feb 27, 2024

story
Funding

[Funding alert] Munich-based Retorio Raises €9 Million Series A Round Funding

Startup Rise EU Nov 15, 2023

story
News

Reno Mathews Joins Spektr to Drive Automation in Ongoing Due Diligence

Startup Rise EU Mar 6, 2024

story
Funding

Quantum Innovations funding news – Medtech Startup Quantum Innovations Secures €9.4 Million in Second Round Funding

Startup Rise EU Jun 20, 2024

story
Funding

Foodtech Startup Edonia Secures €2 Mn From Asterion Ventures

Startuprise Apr 27, 2024