Saidot, a Helsinki, Finland-based provider of a Software-as-a-Service (SaaS) governance platform for enterprises and governments to use AI safely, raised €1.75M in Seed funding.
SaaS Investors
The round was led by Crowberry Capital and Ventic, with participation from Business Finland.
Founded in 2017, Crowberry Capital is a venture capital firm based in Reykjavik, Iceland. The firm has an additional office in Denmark. The firm prefers to invest in Nordic-based companies operating in the technology sector.
Saidot Use of Funds
The company intends to use the funds to grow the sales of its AI governance platform in Europe and launch new tools to help enterprise and government customers evaluate and implement safety systems for their generative AI systems.
About Saidot
Saidot is an AI governance and alignment company helping users build safe AI-driven businesses. Its platform is used by public and private organizations to apply systematic AI governance and to communicate transparently about their AI. Its interdisciplinary team combines experience across machine learning (ML), technical safety, policy, digital transformation, and human-centered design.
Funding Details
Company: Saidot, Ltd.
Raised: €1.75M
Round: Seed Round
Funding Month: October 2023
Lead Investors: Crowberry Capital and Ventic
Additional Investors: Business Finland
Company Website: https://www.saidot.ai/
Software Category: Governance Platform
Source: https://www.finsmes.com/2023/10/saidot-raises-e1-75m-in-seed-funding.html