Credo AI has raised $21 million in new capital from CrimsoNox Capital, Mozilla Ventures, and FPV Ventures with participation from existing investors Sands Capital, Decibel VC, Booz Allen Hamilton, and AI Fund.
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This brings the company’s total funding raised to $41.3 million, underscoring the critical importance of mission and solidifying its role as a trusted AI advisor in the dynamic AI landscape. The company also made strategic additions to its leadership team across People, Go-to-Market (GTM), and Engineering.
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This infusion of new capital comes at a pivotal moment for Credo AI and the AI industry at large. With this new investment, Credo AI is set to accelerate product innovation, expand global reach, and cultivate top talent. From tackling novel risks posed by generative AI to supporting compliance with new global standards, Credo AI is equipping customers with solutions to accelerate innovation and increase trust.
“We are honoured 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.”
“Organizations of all sizes, all over the world, want to embrace AI innovation while acting responsibly and maintaining compliance in a fast-evolving regulatory landscape,” said Mohamed Nanabhay, Managing Partner at Mozilla Ventures. “Using Credo AI, leaders at these organizations can implement compliance and safety measures across the entire AI product lifecycle. Beyond compliance, Credo AI provides a foundation for organizations to innovate while considering (and mitigating) the unintended consequences of new AI systems”.
Credo AI has been recognised as a CBInsights AI 100, Technology Pioneer by the World Economic Forum, Fast Company’s Next Big Thing in Tech, and a top Intelligent App 40 by Madrona, Goldman Sachs, Microsoft, and Pitchbook.
“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.”
About Credo AI
Founded in 2020, Credo AI is on a mission to empower enterprises to responsibly build, adopt, procure, and use AI at scale. Credo AI’s cutting-edge AI governance platform automates AI oversight and risk management while enabling regulatory compliance to emerging global standards like the EU AI Act, NIST, and ISO. Credo AI keeps humans in control of AI for better business and society.
