Fairly AI

Fairly AI provides a Governance, Risk, and Compliance (GRC) management platform designed to ensure the safe and compliant deployment of artificial intelligence systems for enterprises. The company's core offering is an AI oversight and risk management platform that automates the enforcement of policies, testing, and reporting for AI models. This platform is targeted at both technology experts and policy experts, facilitating collaboration between these two groups.

The business model appears to be B2B, focusing on providing its platform to small, mid-size, and large enterprises. For smaller teams, Fairly AI offers "AI-Compliance-In-a-Box," a solution designed for rapid AI deployment with built-in governance. The company also has a product named Asenion, described as a compliance agent for Generative AI, which was launched after the acquisition of Anch.AI. This indicates a strategy of growth through both organic product development and strategic acquisitions.

Fairly AI operates in the growing market of AI governance and risk management, a sector that is becoming increasingly critical as more businesses integrate AI into their operations. The company makes money by selling subscriptions or licenses to its platform. The partnership with IBM to integrate with watsonx.ai suggests a strategy of aligning with major players in the AI space to broaden its market reach and establish itself as a standard for AI governance.

Keywords: AI governance, risk management, compliance platform, AI testing, policy enforcement, B2B, enterprise software, generative AI, AI security, regulatory compliance