ValidMind
About ValidMind
ValidMind provides a platform for model risk management that automates the testing, documentation, validation, and governance of AI and statistical models in the financial services sector. By streamlining these processes, ValidMind reduces model validation time by up to 70% and compliance costs by 90%, ensuring reliable and regulatory-compliant model deployment.
<problem> Financial institutions face increasing complexity in managing and validating AI and statistical models, especially with the rise of generative AI. Traditional model risk management processes are often manual, time-consuming, and prone to errors, leading to increased compliance costs and slower model deployment. </problem> <solution> ValidMind offers a platform designed for automating and streamlining model risk management (MRM) across the entire model lifecycle. The platform provides tools for testing, documenting, validating, governing, and monitoring AI, GenAI, and statistical models. ValidMind enables model risk teams to efficiently manage model risks, ensure compliance with regulatory standards, and accelerate the deployment of reliable models. </solution> <features> - Automated model documentation using AI to reduce manual effort and ensure accuracy - Pre-built library of tests and documentation artifacts for various model types - Customizable test environment allowing users to bring their own tests - Workflow tools for version control, review, and approval of model documentation and test results - Real-time monitoring capabilities for ongoing performance and risk assessment - Integration with AI monitoring systems for proactive decision-making - Centralized platform for tracking all models, risks, findings, and approval decisions - Support for stress testing and scenario analysis to ensure model robustness </features> <target_audience> ValidMind targets model risk management teams, model developers, validators, auditors, risk executives, and AI governance professionals within financial institutions. </target_audience>
What does ValidMind do?
ValidMind provides a platform for model risk management that automates the testing, documentation, validation, and governance of AI and statistical models in the financial services sector. By streamlining these processes, ValidMind reduces model validation time by up to 70% and compliance costs by 90%, ensuring reliable and regulatory-compliant model deployment.
Where is ValidMind located?
ValidMind is based in Palo Alto, United States.
When was ValidMind founded?
ValidMind was founded in 2022.
How much funding has ValidMind raised?
ValidMind has raised 11100000.
Who founded ValidMind?
ValidMind was founded by Jonas Jacobi and Mehdi Esmail.
- Jonas Jacobi - Co-founder/CEO
- Mehdi Esmail - Co-founder/Chief Product Officer
- Location
- Palo Alto, United States
- Founded
- 2022
- Funding
- 11100000
- Employees
- 33 employees
- Major Investors
- Point72 Ventures