Credo AI Raises $21 Million at $101 Million Valuation to Enhance AI Governance

Jul 31, 2024, 03:50 PM

Corporate governance startup Credo AI has raised $21 million at a $101 million valuation. The Palo Alto-based company helps major enterprises assess AI risk and ensure compliance with regulations such as the EU AI Act. Credo AI has tripled its revenue over the past year. Founder and CEO Navrina Singh emphasized the importance of AI governance irrespective of election outcomes. The company aims to help enterprises deploy AI safely and responsibly.