Happy Thursday and our start to August, readers.
Today, let’s talk about Credo AI and the moves this AI governance software company is making. (We also regularly publish news like this over on GenAI Today; check out a full of stories here.)
Credo AI is on a mission to, quote, “ensure that AI is always in service of humanity.” Its team is comprised of professionals with experience at the European Commission, technology trade associations, and the U.S. Department of Commerce (in addition to other major enterprises). Credo AI founder and CEO Navrina Singh even sits on the National Artificial Intelligence Advisory Committee (NAIAC), which currently advises President Joe Biden and the National AI Initiative Office. (Singh previously served as an executive board member of the Mozilla Foundation and Mozilla AI, supporting its trustworthy AI charter.)
On its mission, Credo AI works to become a trusted partner for countless global policymakers, regulators, and other standards-setters with its responsibly designed platform. By availing accountable, context-driven AI that is “secure, safe, auditable, fair and human-centered,” next-level intelligence can become a tool that serves everyone. (After all, continuous governance is a must; this is especially important when you look at headlines like “AI investment forecast to approach $200 billion globally by 2025” – nearly ubiquitous AI systems must be prevented from causing disruptions and unintended harm, however ambitious the intentions behind them may sound.)
As part of its ongoing work, the company made two big announcements in late July: Credo AI raised $21 million in new capital, and it made strategic leadership changes across its Go-to-Market, People, and Engineering teams.
Here’s a long-story-short breakdown on each:
- The recent capital was made possible via new investors CrimsoNox Capital, Mozilla Ventures and FPV Ventures, with additional participation from existing investors Sands Capital, Decibel VC, Booz Allen Hamilton, and AI Fund (bringing Credo AI’s total funding raised to $41.3 million).
- Its new leaders (in their respective areas) are Mike Rogers as Head of Revenue and Go-to-Market, Jessica Amato as Head of People, and Benjamin Zamora as Vice President of Engineering.
Large AI-forward enterprises including Mastercard, Northrop Grumman, Ruffalo Noel Levitz and Booz Allen Hamilton already trust Credo AI's software to provide both technical and non-technical stakeholders the ability to manage, monitor and measure AI risks. With the company’s latest capital and the aforementioned leadership appointments, Credo AI is set to continue providing strong foundations for organizations to innovate and mitigate any unintended consequences of new AI systems and the impacts therein.
"We are honored to support Credo AI in their mission to safeguard society amidst the rapid surge in AI investment and innovation," stated Yong Aik Gan, CEO of CrimsoNox Capital. "As we stand on the brink of an era where AI's transformative potential knows no bounds, it is imperative that our dedication to safety and ethical considerations matches our zeal for progress. Ensuring that technological advancements benefit humanity without causing harm is a responsibility we embrace with conviction."
Learn more about Credo AI – this includes its significant investments in purpose-built integrations targeting automated governance processes across MLops/LLMops tools – by navigating here.
Edited by
Greg Tavarez
