Credo AI, based in Palo Alto, CA, secured $21M in funding for its AI governance software.

The round was led by CrimsoNox Capital, Mozilla Ventures, and FPV Ventures, with support from Sands Capital, Decibel VC, Booz Allen Hamilton, and AI Fund.

The funds will enhance product innovation, expand GTM efforts, and strengthen Credo AI’s capability to serve as a central hub for AI governance.

Credo AI has also entered partnerships with Databricks and McKinsey to boost AI risk management solutions, tripling its revenue and team size this year.