Credo AI Named to Fast Company's Annual List of the World's Most Innovative Companies of 2024

Ranks No. 38 Most Innovative Company and No. 4 in the Artificial Intelligence category

PALO ALTO, Calif.--(BUSINESS WIRE)--Credo AI, a global leader in AI governance software, has been named to Fast Company’s prestigious list of the World’s Most Innovative Companies of 2024.

This year’s list spotlights businesses that are shaping industry and culture through their innovations. These organizations are setting new standards and achieving remarkable milestones in all sectors of the economy.

“We’re immensely proud to be named one of the most innovative companies by Fast Company,” said Navrina Singh, CEO and Founder of Credo AI. "At Credo AI, we believe that the organizations that invest in AI and trust, both of which are powered by AI Governance, will emerge as the market leaders in the next decade. This award validates our conviction in where the market is headed and validates our commitment to empower organizations to responsibly build, adopt, procure and use AI at scale.”

In the past 12 months, Credo AI released new industry-leading product capabilities with impressive speed and agility to keep up with the rapidly changing AI technology landscape, including:

• GenAI Guardrails – a powerful set of governance capabilities designed to help organizations understand and mitigate the risks of generative AI so that they can realize its full potential.
• Generative AI Vendor Tool Risk Profiles – a standardized framework for evaluating the risk and trustworthiness of tools such as ChatGPT, Github Copilot, and the underlying models that drive these applications.
• AI Registry – a centralized database or ledger that allows organizations to gain comprehensive oversight of all AI initiatives undertaken within the company. By maintaining an AI registry, companies can track and manage AI projects effectively, identify project ownership, and ascertain the individuals responsible for reporting on their outcomes, be it success or failure.
• Governance, Risk and Compliance (GRC) for AI offering – a large-scale platform update that includes a Governance Plan for every AI Use Case, released in tandem with the final approved vote of the EU AI Act to help organizations manage AI systems to align with business goals, mitigate risks, and meet leading industry and government regulations.

The above products are being adopted at speed across Global 2000’s organizations, which are investing in AI to drive revenue and productivity, while managing AI risks and ensuring compliance at scale.

The World's Most Innovative Companies stands as Fast Company's hallmark franchise and one of its most anticipated editorial efforts of the year.

Fast Company's editors and writers identified the companies driving progress around the world and across industries, evaluating thousands of submissions through a competitive application process. The result is a globe-spanning guide to innovation today, from early-stage startups to some of the most valuable companies in the world. Fast Company’s Most Innovative Companies package is available online, in-app form via iTunes, and on newsstands beginning March 26. The hashtag is #FCMostInnovative.

“Our list of the Most Innovative Companies is both a comprehensive look at the innovation economy and a snapshot of the business trends that defined the year,” said Fast Company editor-in-chief Brendan Vaughan. “We saw extraordinary innovation across the board in 2023, but we also saw a handful of clear patterns: the growing footprint and impact of AI, the triumphant return of live events, and great leaps forward in climate tech. We face daunting challenges on many fronts, but the solutions we celebrate in MIC give me plenty of hope about the future.”

About Credo AI

Credo AI is on a mission to empower organizations to responsibly build, adopt, procure and use AI at scale. Credo AI’s pioneering AI Governance, Risk Management and Compliance platform helps organizations measure, monitor and manage AI risks, while ensuring compliance with emerging global regulations and standards, like the EU AI Act, NIST, and ISO. Credo AI keeps humans in control of AI, for better business and society. Founded in 2020, Credo AI has been recognized as a CB Insights AI 100, CB Insights Most Promising Startup, Technology Pioneer by the World Economic Forum, Fast Company’s Next Big Thing in Tech, and a top Intelligent App 40 by Madrona, Goldman Sachs, Microsoft and Pitchbook. To learn more, visit: credo.ai or follow us on LinkedIn.

About Fast Company

Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at www.fastcompany.com.