Helsinki-based AI governance startup Saidot has secured €1.75 million in a seed funding round led by Crowberry Capital and Ventic. this investment was further bolstered by an additional €250K contribution from Business Finland after Saidot was chosen for its “Young Innovative Companies” funding program. Saidot’s platform helps organizations harness the potential of generative AI safely, targeting both public and private sector clients, including the Scottish Government and Deloitte. With this investment, Saidot plans to expand its European presence, develop new tools for evaluating and implementing safety measures for generative AI systems, and ensure compliance with regulatory requirements.
Saidot stands out as a company dedicated to aiding enterprises in establishing secure AI-driven operations. Saidot’s AI governance SaaS platform serves as a valuable tool for major public and private organizations, enabling them to implement structured AI governance practices and maintain transparency throughout their AI endeavors. At the core of Saidot’s operations is a team of experts with diverse backgrounds, spanning machine learning (ML), technical safety, policy, digital transformation, and human-centered design. This multidisciplinary approach ensures that Saidot can offer comprehensive support and solutions to its clients in the complex landscape of AI governance.
“I am thrilled about this new phase of our growth journey. With the rapid advancements of AI, governance and safety have become critical factors for our clients’ generative AI successes. We are dedicated to helping our customers align their AI with human values and deploy it in compliance with the growing regulatory requirements,” says Meeri Haataja, CEO and Founder at Saidot.
Haataja is a pioneer in responsible AI. She has chaired IEEE’s responsible AI initiatives and is currently on the Safety Advisory Board of Snap Inc.
“We have created a strong connection with our investors during the discussions, and I am confident that together we will accelerate our growth and make Saidot the go-to partner for AI governance and alignment”, says Veera Siivonen, Chief Commercial Officer and Partner at Saidot.
Siivonen is a seasoned business leader with extensive experience in digital transformation from health and media industries.
“We are incredibly excited to be backing Saidot. The potential does not lie in just their unique platform but in the great mission that they are on – enabling safe, ethical and trustworthy AI as a force for good in the world”, says Helga Valfells, Founding Partner at Crowberry Capital.
Read the orginal article: https://arcticstartup.com/saidot-raises-e1-75m-seed/
