Credo AI Closes $12.8 Million Collection A Funding Spherical Led by Sands Capital


  • The funding will additional Credo AI’s class defining management in Accountable AI, speed up product improvement and strengthen its tech coverage perform to help rising AI requirements and laws globally
  • Mastercard and Northrop Grumman lead Credo AI’s rising buyer roster, as extra enterprises decide to delivering accountable AI at scale
  • Constructing a robust go-to-market staff will stay a precedence to proceed Credo AI’s management and convey transformative impression of Accountable AI to enterprises worldwide.

SAN FRANCISCO, Might 17, 2022 /PRNewswire/ — Credo AI, the corporate behind the world’s first Accountable AI (RAI) Governance Platform, as we speak introduced the shut of a $12.8 million Collection A financing spherical led by Sands Capital, with follow-on investments from current buyers Decibel and AI Fund.

Enterprises as we speak are struggling to adapt to rising AI governance laws, benchmarks and requirements for carried out AI programs. Just lately featured by IDC as a key Accountable AI governance platform opening new frontiers within the AI revolution, Credo AI assists organizations with operationalizing AI governance to deploy compliant, accountable AI programs quicker and with higher confidence via its context-sensitive threat framework.

This newest funding spherical will allow Credo AI to deliver the transformative impression of Accountable AI governance to extra enterprises on the planet. The funding will probably be used to speed up product improvement, construct a robust go-to-market staff to proceed Credo AI’s Accountable AI class management, and strengthen the tech coverage perform to help rising requirements and insurance policies.

“Credo AI is on the forefront of the Accountable AI motion with a management staff whose main mission is to assist organizations create AI programs with the very best moral requirements,” stated Scott Frederick, Accomplice at Sands Capital. “AI has the ability to reinforce basically each a part of our lives however may cause irreparable injury to our society with out correct governance. Credo AI helps enterprises on their Accountable AI governance journey by bridging the hole between their technical and enterprise stakeholders to efficiently hold AI functions compliant and aligned with industry-specific requirements.”

Present options like MLOps, open supply ML equity instruments and others are sometimes too narrowly centered on the technical points of the AI system to handle the bigger difficulty at hand: lack of governance and accountability throughout your entire AI improvement lifecycle. Credo AI’s Accountable AI Platform helps cross-functional groups align on Accountable AI necessities for equity, efficiency, transparency, privateness, safety and extra based mostly on enterprise and regulatory context throughout industries resembling monetary providers, banking, retail, insurance coverage and protection.

“Mastercard has been an early champion of Accountable AI improvement and governance and has been dedicated to the moral use of information to energy a variety of enterprise outcomes in addition to drive monetary inclusion internationally,” stated JoAnn Stonier, EVP and Chief Knowledge Officer, Mastercard. “We’re dedicated to consistently evaluating our efforts on this space and are completely satisfied to be partnering with Credo AI’s Accountable AI platform to increase our governance mannequin additional. A lot of these partnerships, instruments and strategies help us in furthering our governance course of whereas bettering our time to market.”

Credo AI was based in 2020 by Navrina Singh and Eli Chen with the mission to assist organizations construct AI aligned with human values. Singh was just lately appointed as certainly one of 27 leaders on the Nationwide Synthetic Intelligence Advisory Committee (NAIAC) which is able to advise President Biden and the Nationwide AI Initiative Workplace on a variety of points associated to AI. 

“We’re laser centered on ushering in {industry} requirements of oversight and accountability for Accountable AI,” stated Navrina Singh, founder and CEO of Credo AI. “AI needs to be in service of humanity, and we intend to proceed driving the {industry} in direction of an equitable future.”

As a part of our dedication to make sure Accountable AI turns into the worldwide customary, Credo AI is bringing collectively consultants together with policymakers, information scientists and enterprise leaders throughout threat, compliance and audit to be a part of the answer. Be a part of their community waitlist right here.

About Credo AI
Based in 2020, Credo AI is a venture-backed firm on a mission to empower organizations to ship Accountable AI (RAI) at scale. Credo AI brings context-driven governance and threat evaluation to make sure compliant, truthful, clear and auditable improvement and use of AI. Credo AI’s Clever SaaS platform empowers enterprises to measure, monitor and handle AI launched dangers at scale. Credo AI allows organizations to create AI with the very best moral requirements, in order that they’re able to seize its great advantages whereas mitigating unintended unfavorable penalties. Credo AI prospects embrace AI first and International 2000s throughout Retail, Finance and Banking, Insurance coverage, Protection and Excessive Tech. To be taught extra about Credo AI, go to:




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