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ValidMind raised $8.1 million in a seed funding round led by Point72 Ventures to advance its go-to-market plans and establish long-term partnerships with customers in financial services.

Mar 27, 2024over 1 year ago

Amount Raised

$8.1 Million

Round Type

seed

Palo AltoInformation TechnologyArtificial IntelligenceSoftware

Investors

GaingelsAngel InvestFj LabsNotion CapitalAi FundNew York Life VenturesThird PrimePoint72 Ventures

Description

ValidMind, the leading next-generation AI and model risk management platform for financial services, raised $8.1 million in a seed funding round led by Point72 Ventures, with participation from Third Prime, New York Life Ventures, AI Fund, Notion Capital, FJ Labs, Angel Invest, and Gaingels. The funding will advance ValidMind’s go-to-market plans and establish it as a long-term partner to its customers in financial services.

Company Information

Company

ValidMind

Location

Palo Alto, California, United States

About

ValidMind is the leading next-generation AI and model risk management platform for financial services, offering a fit-for-purpose AI risk management solution to promote trust and compliance.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers