AI startup Go.AI has completed a Series A financing of 85 million USD, led by Updata Partners

According to Fintech Global, Chicago-based AI startup Go.AI has completed a $85 million Series A funding round, led by Updata Partners, with participation from existing investors GFT Ventures and LAUNCH. To date, its total funding has risen to $90 million.

Go.AI primarily provides locally deployed, auditable AI infrastructure for regulated entities such as banks. The new funds will be used to expand the engineering team and enhance marketing efforts, driving the company to expand from its core regulated industries to a broader range of compliance-oriented institutions.