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Fairplay Raises $4.5M In Seed Funding To Launch Worldwide "Fairness-As-A-Service" Solution For Algorithmic Bias

Nov 15, 2021•over 3 years ago

Amount Raised

$4.5 Million

Round Type

seed

Description

FairPlay, the world's first "Fairness-as-a-Service'' solution for algorithmic decision-making, today announced that they have raised $4.5M in seed investment funding. The round was led by Third Prime Capital, with participation from FinVC, TTV, Financial Venture Studio, Amara, and Nevcaut Ventures.

Company Information

Company

Fair Play

About

The company provides lenders with simple and easy-to-use tools that assess and reduce bias in lending algorithms. "We started using FairPlay and it's been an incredible resource. Fairplay was founded on the premise that algorithmic discrimination is a massive problem that must be solved by building modern fairness infrastructure for the Internet, to assess and lessen biases in every algorithm used to make a high-stakes decision about people's lives. The round was led by Third Prime Capital, with participation from FinVC, TTV, Financial Venture Studio, Amara, and Nevcaut Ventures. Fairplay's National Fairness Map for Black Homebuyers in 2020FairPlay is an AI fairness solution for any company that uses algorithms to make high stakes decisions about people's lives.