Credo AI Raises $21M for AI Governance Expansion
Credo AI is a leader in providing solutions that support ethical AI deployment and management, addressing critical needs in AI governance across various industries globally.
Company Name: Credo AI
Location: Palo Alto, CA
Sector: AI Governance Software
Funding Details: Raised $21 million, bringing total funding to $41.3 million. The round was led by CrimsoNox Capital, Mozilla Ventures, and FPV Ventures, with continued support from Sands Capital, Decibel VC, Booz Allen Hamilton, and AI Fund.
Purpose of Investment: To bolster strategic go-to-market efforts, drive product innovation in governance intelligence, and enhance its role as the central hub for AI governance.
Leadership: Led by CEO Navrina Singh.
Product and Innovation: Credo AI offers a comprehensive AI Governance, Risk Management, and Compliance platform that helps organizations manage AI risks and ensure compliance with global standards like the EU AI Act, NIST, and ISO. Recent collaborations with Databricks and McKinsey aim to facilitate the responsible, compliant, and safe scaling of AI technologies.
Company Growth: In 2024, Credo AI tripled its revenue and expanded its team threefold, welcoming new executives including Head of Revenue and GTM Mike Rogers, Head of People Jessica Amato, and VP of Engineering Benjamin Zamora.
About the Company: Credo AI is a leader in providing solutions that support ethical AI deployment and management, addressing critical needs in AI governance across various industries globally.