Credo AI, the company behind the world's first Responsible AI (RAI) Governance Platform, today announced the close of a $12.8 million Series A financing round led by Sands Capital, with follow-on investments from existing investors Decibel and AI Fund.

Founded in 2020, Credo AI is a venture-backed company on a mission to empower organizations to deliver Responsible AI (RAI) at scale. Credo AI brings context-driven governance and risk assessment to ensure compliant, fair, transparent and auditable development and use of AI. Credo AI's Intelligent SaaS platform empowers enterprises to measure, monitor and manage AI introduced risks at scale. Credo AI enables organizations to create AI with the highest ethical standards, so that they are able to capture its tremendous benefits while mitigating unintended negative consequences. Credo AI customers include AI first and Global 2000s across Retail, Finance and Banking, Insurance, Defense and High Tech.