# ValidMind

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

- Industry: Software
- Headquarters: Palo Alto, US
- Website: www.validmind.com/
- Total disclosed funding: $8.1M
- Latest round: Seed (Mar 21, 2024)
- Investors on record: 8

## About

Based in California, US, and co-founded by Jonas Jacobi (CEO), Mehdi Esmail (CPO), and Andres Rodriguez (CTO) in 2022, ValidMind Inc. operates as a risk management and AI (artificial intelligence) governance solutions company. In March 2024, the firm raised USD 8.1 million in seed funding led by investor Point72, with participation from other investors Third Prime VCapital, New York Life, AI Fund, Notion Capital, FJ Labs, Angel Invest, and Gaingels.

The company offers an AI risk management platform, ValidMind, which simplifies and automates the testing, model documentation, validation, and risk assessment processes for organizations utilizing AI and statistical models. ValidMind reduces testing and documentation time by up to 80%, accelerates model validation by 10x, and optimizes collaboration between data scientists, stakeholders, and teams. Additionally, The platform caters to model developers and risk management teams, offering a proactive approach to issue tracking and promoting a collaborative environment for communication and information sharing.

## Funding rounds

- Seed, Mar 21, 2024, $8.1M — Notion Capital, FJ Labs, New York Life, Third Prime Capital, Point72 Asset Management, Gaingels, AI Fund, Angel Invest

## Investors

- Notion Capital (https://capitalatlas.ai/funds/notion-capital) — Seed
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Seed
- New York Life — Seed
- Third Prime Capital (https://capitalatlas.ai/funds/third-prime-capital) — Seed
- Point72 Asset Management — Seed
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Seed
- AI Fund (https://capitalatlas.ai/funds/ai-fund) — Seed
- Angel Invest — Seed