# Credo AI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/credo-ai

- Industry: Software
- Headquarters: Palo Alto, US
- Website: www.credo.ai
- Total disclosed funding: $39M
- Latest round: Series A (Mar 8, 2024)
- Investors on record: 8

## About

Credo AI, based in the US, is a SaaS company that provides AI governance solutions to facilitate the safe and effective implementation of artificial intelligence across various sectors.Founded in 2020, Credo AI operates out of Palo Alto, US, and specializes in AI governance, helping organizations manage their AI initiatives responsibly. The company has secured a total of USD 21.00 mn through its Series A funding round on March 8, 2024, co-led by notable investors including FPV Ventures, CrimsoNox Capital, and Mozilla Ventures, among others. Navrina Singh serves as both founder and CEO, bringing relevant experience to the role.Credo AI specializes in AI governance solutions designed to facilitate the safe and effective adoption of artificial intelligence across various industries. Their core offerings include an AI Governance Platform which allows organizations to inventory their AI use cases and operationalize contextual governance at scale. This platform integrates automated workflows tailored for AI governance, risk management, and compliance, ensuring alignment with global regulations and internal policies. Clients utilizing Credo AI's services range from enterprises seeking to streamline their AI governance practices to industry-specific organizations that require customized solutions for their unique AI risks. The company serves a diverse clientele across North America, Europe, and Asia, enabling businesses to enhance their AI capabilities while adhering to relevant standards and regulations.Credo AI generates revenue primarily through its subscription-based model for its AI Governance Platform and associated advisory services. Clients typically engage in annual subscriptions that grant access to the platform's features, including risk assessment tools, compliance tracking, and governance automation. Transaction structures predominantly reflect a B2B approach, where organizations partner with Credo AI to implement tailored governance frameworks for their AI initiatives. The company may also offer consultancy services through its AI Governance Advisory, allowing clients to build customized roadmaps for AI governance implementation. Additionally, the integration of their platform with existing AI infrastructure creates a comprehensive governance ecosystem that further enhances client engagement and retention.In March 2024, Credo AI raised USD 21.00 mn in venture funding to support its growth initiatives. The company plans to use this funding to develop and launch new products, including four new carbon removal facilities, while expanding an existing project in Arkansas to enhance CO2 removal capacity to 50,000 tons annually. This expansion reflects Credo AI's strategy to broaden its market presence and improve its AI governance offerings, targeting growth in North America, Europe, and Asia.

## Funding rounds

- Series A, Mar 8, 2024, $21M — Sands Capital Alternatives, AI Fund, CrimsoNox Capital, Decibel, FPV Ventures, Booz Allen Ventures, Mozilla Ventures
- Series A, May 17, 2022, $13M — Sands Capital Alternatives, AI Fund, Decibel
- Seed, Oct 19, 2021, $5.5M — AI Fund, Village Global, Decibel

## Investors

- AI Fund (https://capitalatlas.ai/funds/ai-fund) — Seed, Series A
- Village Global (https://capitalatlas.ai/funds/village-global) — Seed
- Decibel (https://capitalatlas.ai/funds/decibel) — Seed, Series A
- Sands Capital Alternatives (https://capitalatlas.ai/funds/sands-capital-alternatives) — Series A
- CrimsoNox Capital — Series A
- FPV Ventures (https://capitalatlas.ai/funds/fpv-ventures) — Series A
- Booz Allen Ventures (https://capitalatlas.ai/funds/booz-allen-ventures) — Series A
- Mozilla Ventures (https://capitalatlas.ai/funds/mozilla-ventures) — Series A