Tech Governance Startup Credo AI Gets $101 Million Valuation

The recent wave of artificial intelligence innovation has a dark side. Sure, AI models can write funny poetry and make videos, but there’s also the risk that the systems will produce a chatbot that says something wacky, untrue or potentially harmful — not to mention the possibilities of falling afoul of AI regulations.

One small startup sees a market opportunity in that uncertainty. Credo AI is set to announce a $21 million funding round Tuesday for its work on risk and compliance issues around AI adoption. The funding round values the company at $101 million, about double its previous valuation it its last funding ...