Credo AI, a Palo Alto, CA-based AI governance software provider, has secured $21 million in funding, bringing its total raised to $41.3 million.
Investors
The investment came from CrimsoNox Capital, Mozilla Ventures, and FPV Ventures, with existing investors Sands Capital, Decibel VC, Booz Allen Hamilton, and AI Fund also participating. This brings the total funding raised by Credo AI to $41.3 million.
Founded in 2015, CrimsoNox Capital is a venture capital investment firm based in Singapore. The firm is part of the Association of Southeast Asian Nations, Southeast Asia.
Mozilla Ventures is the corporate venture capital arm of Mozilla and is based in San Francisco, California. Founded in 2022, the firm seeks to invest in early-stage startups focusing on the technology sector.
FPV Ventures is a venture capital investment firm based in San Francisco, California. Founded in 2022, the firm focuses on investments in early-stage and growth-stage startup companies.
Credo AI Use of Funds
The company plans to expand its Go-to-Market efforts, enhance product innovation in governance intelligence, and serve as the central hub for AI governance.
About Credo AI
Credo AI is on a mission to empower organizations to responsibly build, adopt, procure, and use AI at scale. Credo AI’s AI Governance, Risk Management, and Compliance platform helps organizations measure, monitor, and manage AI risks while ensuring compliance with emerging global regulations and standards like the EU AI Act, NIST, and ISO. Founded in 2020, Credo AI’s platform is trusted by leading enterprises such as Mastercard, Northrop Grumman, Ruffalo Noel Levitz, and Booz Allen Hamilton.
Funding Details
Company: Credo AI
Raised: $21.0M
Round: Unknown
Funding Month: July 2024
Lead Investors: CrimsoNox Capital, Mozilla Ventures, FPV Ventures
Additional Investors: Sands Capital, Decibel VC, Booz Allen Hamilton, AI Fund
Company Website: https://www.credo.ai/
Software Category: AI Governance
Source: https://www.businesswire.com/news/home/20240730411517/en