Lowenstein Sandler represented Kindo, a new no-code platform that securely adopts and manages AI across the entire workforce, in a $7 million Series Seed round led by Riot Ventures with participation from Eniac Ventures, RRE Ventures, Marlinspike Partners, Flexcap Ventures, New Era Ventures, Andrew Peterson, and Dave Politis.
Founded in 2022, Kindo’s mission is to deliver enterprise-ready generative AI security, compliance, and centralized management, enabling businesses to leverage the full potential of AI safely and responsibly. The platform seamlessly connects to over 200 software-as-a-service business applications and allows companies to choose the AI models that best suit their needs, as well as manage the flow of data in and out of AI systems. Additionally, the platform offers centralized governance of employee access and permissions, audit logs, usage tracking, and analytics for all AI prompts, data, and workflows, as well as robust controls and policies to safeguard company data, intellectual property, and personal information.
The seed funding will enable Kindo to scale operations and fuel its growth, with a focus on helping businesses enhance the performance and productivity of their employees.
The Lowenstein deal team included Ed Zimmerman, Anthony A. Raymundo, Samy A. Akli, Tina Aoun, Nigel Pura-Bryant, and Chynara Tolubaeva.
