FairNow Raises $3.5M in Seed Funding to Enhance AI Governance Solutions
FairNow is dedicated to empowering enterprises with the necessary tools and knowledge to manage and mitigate risks associated with AI deployment.
Company Name: FairNow
Location: McLean, VA
Sector: Technology, AI Governance
Funding Details: Raised $3.5M in Seed funding. The round was led by Somen Mondal and Shaun Ricci.
Purpose of Investment: To expand operations and further development efforts.
Leadership: Led by CEO Guru Sethupathy and COO Lisa Goldman.
Product: FairNow offers a comprehensive governance platform tailored for enterprises, focusing on managing AI-related business and regulatory risks. The platform facilitates effective AI governance and regulatory compliance, while also focusing on building trust within organizations using AI technologies.
About Company: FairNow is dedicated to empowering enterprises with the necessary tools and knowledge to manage and mitigate risks associated with AI deployment. The company is committed not only to providing technological solutions but also to educating organizations on the best practices in AI governance, helping to ensure ethical, compliant, and effective AI usage across various industries.