This acquisition is part of a dynamic of strong growth and continuous innovation for AuditBoard, which recently won 3 gold medals in the G2 ranking for the excellence of its software. The acquisition of FairNow enriches the Californian company's offering with tools dedicated to the compliance and security of AI systems, a subject that has become essential for companies worldwide.
Based in Virginia, FairNow has developed a complete solution enabling organizations to supervise and control the use of artificial intelligence within their activities, even the most regulated ones. Its platform automates the creation of an AI registry, assesses the risks associated with each model and helps comply with the various regulations. By integrating FairNow into its platform, AuditBoard is responding directly to a growing need: according to its latest Risk Intelligence Report, more than two-thirds of companies acknowledge that they do not yet have the processes, tools or skills needed to properly supervise the use of AI internally.
For Raul Villar Jr. CEO of AuditBoard, this operation illustrates a strong ambition. "The speed of AI adoption makes robust, connected governance essential. The integration of FairNow strengthens our platform and enables us to offer the most comprehensive solution on the market, in the face of rapidly expanding technological risks." FairNow founder Guru Sethupathy is equally enthusiastic, seeing in this union "the means to democratize intelligent, automated and accountable AI governance."
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