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Early Money: A startup seeking to ensure that AI acts ethically was among 7 Bay Area companies that just raised seed rounds


Credo AI CEO Navrina Singh
Credo AI, headed by CEO Navrina Singh, raised $5.5 million in a seed funding round.
Chris Conroy Photography

Seven local startups attracted seed-stage capital in the last week.

Among them were a company that operates a marketplace for small business bonds, another that helps ensure artificial intelligence is complying with ethical guidelines and one that brings farmer's market produce to customers' homes.

Here are the details on those seed rounds:

SMBX Inc., San Francisco, $11.5 million: Group 11 led the round for this operator of an online marketplace for small business bonds. Better Ventures, IAF and Unpopular Ventures also invested.

Coefficient Works Inc., Mountain View, $6.7 million: Foundation Capital led the funding of this developer of a service that syncs data from enterprise software programs to standard spreadsheet applications. S28 Capital also participated.

Credo AI, San Francisco, $5.5 million: Decibel, Village Global and AI Fund invested in the round for this provider of an ethical compliance service for artificial intelligence software.

RevOps Inc., San Francisco, $5 million: Caffeinated Capital, Coatue Management and Gradient Ventures invested in the round for this provider of sales and revenue management software.

Audioshake Inc., San Francisco, $2 million. Precursor Ventures led the round for this provider of software that can isolate audio tracks within songs. WndrCo joined the round.

Organic On The Go Inc (dba Locale), Los Gatos, $2 million: Decent Capital led the round for this provider of an organic food delivery service. Goodwater Capital and Esas Ventures also participated.

Torpago Inc., San Francisco, $2 million: Operate led the funding of this round for this provider of a corporate credit card and expense management service. Index Ventures, Clear Haven Capital Management and Walter Kortschak, a former managing partner at Summit Partners, also invested.


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