ValidMind raises $8.1m for AI risk management platform

ValidMind, a provider of AI risk management solutions, has raised $8.1 million in a Series A funding round led by Gradient Ventures, Google's AI-focused venture fund. Other investors in the round include Y Combinator, SV Angel, and BoxGroup.The funding will be used to expand the company's team, develop new features, and grow its customer base. ValidMind's platform helps organizations identify, assess, and mitigate the risks associated with AI systems. The company's technology uses machine learning to analyze AI models and identify potential risks, such as bias, discrimination, and security vulnerabilities.ValidMind was founded in 2019 by CEO Yoav Ovadia and CTO Ran Ronen. The company has offices in San Francisco and Tel Aviv.'We are excited to partner with Gradient Ventures and our other investors to continue to build the leading AI risk management platform,' said Ovadia. 'This funding will allow us to accelerate our growth and help organizations around the world to safely and responsibly deploy AI.''ValidMind is a leader in the emerging field of AI risk management,' said Gradient Ventures General Partner Anna Patterson. 'The company's technology is essential for organizations that want to use AI to improve their operations without compromising safety or ethics.'The funding round brings ValidMind's total funding to date to $10.1 million.

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