Saidot, a Finland-based entity offering a SaaS governance platform, recently announced a noteworthy achievement in its financial journey.
This AI governance and alignment company is not only pioneering safe AI-driven businesses but also enhancing transparent communication about their AI applications in various public and private organisations.
In a recent development, Saidot successfully secured €1.75m in a seed funding round. A consortium of investors including Crowberry Capital and Ventic took the lead in this financial venture, with additional participation noted from Business Finland, elevating the company’s financial prowess to pave the way forward in its unique offering in the realm of artificial intelligence.
The company operates by providing a robust platform that enables enterprises and governments to navigate through the complexities and challenges of using AI safely and ethically. It stands out by providing systematic AI governance and equipping organisations with the tools necessary to communicate transparently about their AI usage and policies. The blend of expertise across various fields such as machine learning, technical safety, policy, digital transformation, and human-centred design within its interdisciplinary team enriches its capability to deliver top-notch services.
With an infusion of €1.75m, Saidot is set to expand the reach of its AI governance platform across Europe and introduce novel tools. These tools are intended to aid both enterprise and government customers in evaluating and implementing safety systems, particularly for their generative AI systems, aligning with the company’s ethos of ensuring safe and responsible AI usage.
Saidot’s CEO and Founder, Meeri Haataja, steers the company with a precise and informed approach, navigating through the intricate realms of AI, policy, and ethical governance. Their interdisciplinary team presents a harmonised blend of expertise in machine learning (ML), technical safety, policy, digital transformation, and human-centred design, which undeniably plays a pivotal role in shaping the trajectory of the company in the competitive AI governance space.
Saidot’s seed funding is earmarked for a strategic initiative focussed on expanding the sales of its unique AI governance platform in the European market and for the launch of innovative tools designed to facilitate the safe and responsible use of generative AI systems by its enterprise and government clients.
Copyright © 2023 RegTech Analyst
Copyright © 2018 RegTech Analyst
