Provides an AI governance platform that centralizes AI risk management, enabling organizations to track model inventories, conduct bias audits, and ensure compliance with regulations like the EU AI Act and ISO 42001. The platform automates reporting, risk assessment, and compliance tracking, reducing manual effort and ensuring organizations can scale their AI initiatives while meeting regulatory requirements.
Funding
$3.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Organizations struggle to maintain oversight of their AI systems, leading to difficulties in tracking model inventories, conducting bias audits, and adhering to evolving AI regulations like the EU AI Act and ISO 42001. Manual processes for AI governance are time-consuming and prone to errors, hindering the ability to scale AI initiatives responsibly.
Solution
FairNow offers an AI governance platform designed to centralize and streamline AI risk management at scale. The platform provides tools for maintaining a comprehensive AI inventory, automating risk assessments, and ensuring continuous compliance with AI regulations and standards. FairNow enables organizations to establish clear accountability frameworks, perform automated bias audits, and generate compliance documentation with reduced manual effort. By providing real-time alerts and insights, the platform helps organizations proactively manage AI risks and maintain control over their AI programs.
Target Audience
FairNow is designed for organizations across various industries, including human resources and financial services, that are developing, deploying, or using AI systems and need to ensure compliance, mitigate risks, and maintain ethical AI practices.
Features
- Centralized AI inventory management for organization-wide oversight
- Automated risk assessments based on built-in frameworks like ISO 42001 and NIST AI RMF
- Real-time compliance tracking and alerts for emerging AI laws and regulations
- Streamlined reporting, testing, and control evidencing capabilities
- Proprietary testing suite for ensuring AI fairness and reliability
- Configurable AI governance policies, roles, and workflows
- Integration capabilities with existing tools