Finnish Startup Saidot Receives €1.75 Million Investment

Espoo-based Saidot is a Finnish AI governance startup with a platform that helps businesses and governments safely harness the benefits of AI. It has secured a €1.75 million round of seed funding led by Crowberry Capital, a startup capital firm based in Iceland and Denmark. Crowberry Capital and Ventic together invested EUR 1.5 million in the seed round. Business Finland added a further EUR 250,000 after selecting Saidot for its "Young Innovative Companies" funding programme. Saidot plans to increase sales of its Artificial Intelligence Governance Software-as-a-Service (SaaS) platform in Europe, offering new tools to help enterprise and government customers evaluate and implement security systems for productive AI systems.

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"We are incredibly excited to support Saidot"

Founded in 2018, Saidot has already acquired clients from both public administration (e.g. Scottish Government) and the private sector (e.g. Deloitte). Haataja is a pioneer in the field of responsible AI. He has chaired IEEE's responsible AI startups and currently sits on the Security Advisory Board of Snap Inc.