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.

Read also - London-based Fintech Startup Apron Raises $15M Series A Funding

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

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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

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