Fairly AI is a funded company based in Kitchener, Ontario, Canada, founded in 2020 by David Van Bruwaene and Fion Lee-Madan. It operates in the Artificial Intelligence industry, providing AI governance, risk, and compliance management platforms. Fairly AI has raised $1.7 million in funding. The company has several active competitors, including Credo AI, Holistic AI, and Monitaur.
Fairly AI Corporate Details & Core Services
Fairly AI provides an AI governance, risk, and compliance management platform designed to help organizations deploy AI systems safely, securely, and in compliance with global standards.
AI GovernanceRisk ManagementComplianceArtificial IntelligenceMachine Learning
What are Fairly AI's Key Business Metrics & Stats?
No of employees
24
Founded year
2020
Type
private
Industry
Artificial Intelligence
Location
Kitchener, Ontario, Canada
Pricing Strategy
Subscription-based, Enterprise Licensing
How much funding has Fairly AI raised to date?
Name
Description
Funding Amount
USD 1.7 Million
Stage
Pre-Seed
Latest Valuation
0 (USD)
Lead Investor
Flying Fish Partners
Investors
Flying Fish Partners, Loyal VC, Backstage Capital, XFactor Ventures, NEXT Canada, Techstars Toronto
What are Fairly AI's Core Products?
Name
Description
Fairly AI Oversight and Risk Management Platform
A platform enabling technology and policy experts to bridge AI oversight gaps with features like information reporting, testing, policies, and built-in controls for fairness and bias testing.
Fairly Asenion
The world's first compliance agent for Generative AI, designed to accelerate responsible AI innovation.
What are the latest developments at Fairly AI?
Date
Type
Description
April, 2023
Partnership
Fairly AI partnered with SolasAI to enhance risk mitigation and combat discrimination in artificial intelligence.
April, 2023
Funding
Fairly AI raised CAD$2.2 million in a funding round led by Flying Fish Partners.
August, 2023
Program Participation
Fairly AI joined Guidewire's Insurtech Vanguards program to help insurers leverage new insurtech solutions.
What industry awards and recognitions has Fairly AI received?
Date
Type
Description
November, 2021
Award
UBS Future of Finance Challenge Tech and Cyber Security Winner 2021
June, 2023
Recognition
Named as a major player in the IDC MarketScape for Worldwide AI Governance Platforms 2023 and 2024
October, 2022
Award
RAISE Leading Startup Award 2022 Top 5 Responsible AI Institute
Fairly AI VS Credo AI VS Holistic AI VS Monitaur : 2026 Comparison
