Corporate Governance Startup Credo AI Raises $21 Million, Valued at $101 Million

Jul 30, 2024, 03:06 PM

Credo AI, a corporate governance startup specializing in AI risk and regulation, has raised $21 million in a new funding round, achieving a valuation of $101 million. The company, which assists major enterprises in assessing AI risks and ensuring compliance with regulations such as the EU AI Act, has tripled its revenue over the past year. Credo AI aims to help enterprises deploy AI safely and responsibly and has expanded its leadership team to keep pace with rapid AI innovation.