FairPlay
The world's first Fairness-as-a-Service company, offering tools that embed fairness into AI decision-making and reducing algorithmic bias.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
| investor investor investor investor investor investor | €0.0 | round | |
| investor investor investor investor investor investor investor investor | €0.0 | round | |
* | $10.0m | Early VC | |
| Total Funding | 000k | ||
| USD | 2021 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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FairPlay AI is a B2B company that provides "Fairness-as-a-Service" to reduce algorithmic bias in artificial intelligence systems. The company primarily serves the financial industry, including banks and lending institutions, with a focus on areas like lending, credit risk, anti-money laundering (AML), and fraud detection.
Its business model revolves around providing a platform that helps organizations embed fairness into their AI-driven decision-making processes. This is achieved by offering tools that automate bias detection and provide insights to ensure equitable outcomes for all consumers, including historically disadvantaged groups. The company generates revenue by licensing its AI governance platform to financial institutions.
Keywords: AI governance, algorithmic bias, fairness-as-a-service, fintech, regtech, compliance, risk management, machine learning, financial services, lending analytics