FairNow Secures $3.5 Million in Seed Round
FairNow, a McLean, Virginia-based provider of AI governance software, secured $3.5 million in seed funding.
The round was led by Somen Mondal and Shaun Ricci.
The company will use the funding to accelerate its mission of equipping enterprises with a governance platform that manages AI-related business and regulatory risks.
Founded in 2023, FairNow provides an all-in-one AI governance platform designed to simplify and centralizes AI risk management at scale. Its platform empowers organizations to build, buy, and deploy AI with confidence. In addition to its technology solutions, FairNow is committed to educating and empowering organizations on AI governance, regulatory compliance, and building trust. FairNow is headquartered in McLean, Virginia.
Funding Details
Company: FairNow, Inc.
Raised: $3.5M
Round: Seed Round
Funding Month: June 2024
Lead Investors: Somen Mondal, Shaun Ricci
Additional Investors:
Company Website: https://fairnow.ai/
Software Category: AI Governance Solutions