Monitaur, a Boston, MA-based model governance software company, raised $6M in Series A funding.
The round was led by Cultivation Capital, with participation from Rockmont Partners and others including Defy VC, Techstars, and Studio VC.
The company intends to use the funds to accelerate its growth and add talent across functions.
Led by CEO Anthony Habayeb, Monitaur is a provider of model governance software that helps highly-regulated enterprises build AI and models that businesses, regulators, and consumers can trust. The company delivers solutions that help enterprises and their partners define, manage, and automate fundamental best practices throughout the modeling project lifecycle.
Commenting on the news, Anthony Habayeb said: “Our vision has been realized into an emerging market over these 5 years and, thanks to our tremendous team and customers, we are uniquely positioned with proven capabilities and scale for this moment.”
FinSMEs
13/05/2024