FairNow Secures $3.5M Seed Funding to Enhance AI Governance
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Slice of Technology Team
Jun 24, 2024
Key Highlights:
Quotes
“ "While the potential of AI technology is exciting, the number one factor holding back adoption is business and regulatory risk. FairNow alleviates that burden, letting builders focus more on creating and less on compliance.” ”
Guru Sethupathy, CEO at FairNow
Our Take:
FairNow’s recent funding milestone underscores the critical importance of AI governance in today's rapidly evolving regulatory landscape. The backing by seasoned investors like Somen Mondal and Shaun Ricci signals strong confidence in FairNow’s mission and technology. As enterprises increasingly adopt AI, the ability to navigate and comply with complex regulations will be paramount. FairNow’s platform positions itself as an essential tool for organizations aiming to mitigate risks and focus on innovation. With the EU AI Act's enforceability approaching, FairNow is poised to play a vital role in helping businesses stay compliant and competitive.
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