ValidMind, a Palo Alto, CA-based provider of an AI and model risk management platform for financial services, raised $8.1M in Seed funding.
The round was led by Point72 Ventures, with participation from Third Prime, New York Life Ventures, AI Fund, Notion Capital, FJ Labs, Angel Invest, and Gaingels. With this round, ValidMind’s total funds raised are $11.1M.
The company intends to use the funds to advance its go-to-market plans.
Led by CEO Jonas Jacobi, ValidMind provides an AI and model risk management and governance platform for financial organizations to automate testing, documentation, and model risk governance for AI and statistical models.
In addition to its latest funding round, ValidMind has added Murat Doganaksoy, former Model Risk Officer at First Republic Bank, to its Advisory Board.
FinSMEs
27/03/2024