Fairly AI wants to help companies better understand their AI risk | TechCrunch

Fairly AI aims to build a “marketplace” for AI policies and controls.

The platform benchmarks a company’s AI models and data sets against internal and external policies.

The goal is to make it easier for laypeople to understand risk and compliance issues that might be associated with an AI system.

Fairly is competing in this year 's Startup Battlefield 200 at TechCrunch 's Disrupt conference.

Fairly recently closed a $1.7 million pre-seed round led by Flying Fish Partners .

The company has already completed “revenue-generating” pilots with co-design partners in four different countries.

Allied Market Research projects that the market for AI trust, risk and security management products will reach $7.4 billion by 2032 .