2021.AI, a leader in Responsible AI, has successfully raised 28M DKK (3.6M Euro) in a bridge round. This funding round saw participation from DNV Ventures and existing investors. This investment will support the company as it prepares for a larger funding round in Q1 2025.
As organizations increasingly seek practical solutions for trustworthy and Responsible AI, this bridge round and new partnership with DNV will help meet the market’s demand for compliance with AI and data regulations, including the EU AI Act.
By combining DNV’s extensive experience in assurance with 2021.AI’s GRACE AI platform, the partnership aims to provide a comprehensive solution to these needs.
DNV, an independent expert in assurance and risk management, is committed to safeguarding life, property, and the environment. The company empowers customers and stakeholders with reliable insights, enabling confident decision-making.
“At DNV, we pride ourselves on being a leader in shaping digital assurance of AI – a trait shared by 2021.AI, who is well-positioned to help us fast-track this work,” said Frank Børre Pedersen, Digital Assurance Director at DNV. “We see strong potential in our collaboration to extend our use of AI and enhance DNV’s presence in AI assurance and certification, a key focus area for us.”
DNV aims to provide an integrated approach to assuring AI-enabled systems by assessing development processes and AI products using industry-leading AI testing technologies.
“We are delighted to welcome DNV as an investor and partner. This is the perfect match for 2021.AI, as we aim to work with the best and most respected companies in AI assessment and certification. With DNV’s expertise, we will significantly enhance our AI Governance offering via the GRACE AI platform,” said Mikael Munck, CEO and founder of 2021.AI.
“With positive results for 2023, this investment allows us to continue growing our sales and marketing efforts to serve the Responsible AI market as we move towards our major funding round in Q1 2025,” concluded Mikael Munck.
“It is estimated that up to 15% of all AI models is or will be implemented in critical sectors such as healthcare, energy, and transport over the coming years. To ensure AI technology is scaled safely, trust in AI is essential. We have screened more than 300 companies in this space and have followed 2021.AI for a while. The progress they have made in establishing themselves as a leader in delivering Responsible AI solutions is impressive,” said Nermina Ek, Investment Director at DNV Ventures.
About DNV
DNV is an independent assurance and risk management provider, operating in more than 100 countries. Through its broad experience and deep expertise DNV advances safety and sustainable performance, sets industry standards, and inspires and invents solutions.
Whether assessing a new ship design, qualifying technology for a floating wind farm, analysing sensor data from a gas pipeline or certifying a food company’s supply chain, DNV enables its customers and their stakeholders to manage technological and regulatory complexity with confidence.
Driven by its purpose, to safeguard life, property, and the environment, DNV helps its customers seize opportunities and tackle the risks arising from global transformations. DNV is a trusted voice for many of the world’s most successful and forward-thinking companies. More information at dnv.com
About 2021.AI
2021.AI caters to the growing demand for comprehensive oversight and management of applied AI. The team’s expertise in data science, combined with the AI platform GRACE, serves as a distinguishing factor for clients and partners on a global scale. GRACE represents an essential asset for organizations seeking to solve the most intricate business challenges with AI while simultaneously providing comprehensive data and AI governance capabilities.
This commitment to responsible, transparent, and trustworthy model development is instrumental in today’s data-driven landscape. Headquartered in Copenhagen, 2021.AI maintains a global presence, with employees stationed strategically worldwide.
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