Credo AI, an AI governance software, has announced a significant boost to its mission of ensuring responsible AI implementation. The company has raised $21 million in new capital, bringing its total funding to $41.3 million. This latest investment round was led by CrimsoNox Capital, Mozilla Ventures, and FPV Ventures, with participation from existing investors including Sands Capital, Decibel VC, Booz Allen Hamilton, and AI Fund.
The funding comes at a critical time for the AI industry. Global investment in AI is projected to reach $200 billion by 2025, accompanied by a surge in regulations at various levels of government. These include the EU AI Act, President Biden's Executive Order on AI safety, and recent comprehensive AI safety legislation in Colorado.
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Credo AI Secures $21 Million in Funding to Advance AI Governance as Global Regulations Intensify
- By Abhijeet Adhikari
- Published on
The company has raised $21 million in new capital, bringing its total funding to $41.3 million.
