On May 13, 2024, the Boston-based startup specializing in AI model governance and complianceMonitaurannounced it has raised $6 million in Series A funding. The round was led by Cultivation Capital, with participation from Rockmont Partners and other investors such as Defy VC, Techstars, and Studio VC.
The company plans to use the raised funds to accelerate company growth and recruit talent across various functional areas.
Monitaur was founded in 2019, with Anthony Habayeb serving as CEO and co-founder. The company's main business is providing model governance software for highly regulated enterprises, helping these enterprises and their partners build better artificial intelligence and models to win the trust of business, regulators, and consumers. The solutions provided by Monitaur help enterprises and partners define, manage, and automate essential best practices throughout the entire modeling project lifecycle to ensure the transparency, performance, fairness, security, and compliance of model systems.
(Source:BusinessWire）