FairPlay, a Los Angeles, CA-based Fairness-as-a-Service company that provides solutions for financial institutions, has raised $10 million in funding.
Investors
The round was led by Infinity Ventures, with participation from JPMorgan Chase and Nyca Partners.
Infinity Ventures is an early-stage venture firm investing in companies that enable the future of fintech and commerce. The firm provides deep sector focus, underpinned by extensive operating experience and senior relationships across the fintech and commerce ecosystems. Infinity focuses on early-stage investments, particularly pre-seed to Series A rounds.
FairPlay Use of Funds
The investment will help FairPlay scale its AI fairness solutions, expand its market reach, and enhance financial safety in AI-driven decision-making.
About the Company
Founded in 2020, FairPlay provides AI-driven fairness solutions, helping organizations address algorithmic bias to improve revenues, keep pace with regulations, and better serve consumers. It is designed to help companies identify and correct blind spots in their decision-making systems. FairPlay’s technology serves financial institutions, lenders, insurance carriers, and marketers, ensuring AI models make unbiased and fair decisions.
Funding Details
Company: FairPlay
Raised: $10.0M
Round: Unknown
Funding Date: February 2025
Lead Investor: Infinity Ventures
Additional Investors: JPMorgan Chase, Nyca Partners
Company Website: https://fairplay.ai/
Software Category: Fairness-as-a-Service / AI Safety
Source: https://www.prweb.com/releases/fairplay-triples-revenue-and-client-base-announces-10m-investment-by-jpmorganchase-infinity-ventures-and-nyca-partners-302387424.html