FairNow
- Company typePrivate
- Founded2024
- HeadquartersMclean, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
FairNow firmographics
Firmographics- Name
- FairNow
- Legal name
- FairNow Inc.
- Website
- https://fairnow.ai
- Company type
- Private
- Founded year
- 2024
- Operating status
- Acquired
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
FairNow industry classification
Industry- Product category
- AI Governance Software
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Regulatory Readiness & Audit Automation (e.g., EU AI Act, NIST AI RMF, ISO/IEC 42001) (HDAAAMAE)
- akta.pro secondary industries
- Responsible AI Policy, Controls & Workflow Management (HDAAAMAG), Model Monitoring, Accountability & Incident Management (HDAAAMAF), Responsible AI, AI Governance & Compliance Services (BPAEAHAJ)
Keywords
Where FairNow is headquartered
LocationHeadquarters
- HQ city
- Mclean
- HQ country
- United States
- HQ region
- North America
Markets served
FairNow business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- AI Governance Software Subscription: Subscription-based SaaS platform providing AI governance and compliance capabilities to enterprises
Go-to-market motion2 records
Distribution channels1 record
Marketing channels3 records
FairNow product offering
Product offeringCore offering
FairNow provides an AI governance platform that helps enterprises inventory AI and agentic systems, automate compliance with 25+ frameworks (including EU AI Act, ISO 42001, NIST AI RMF, and GDPR), and continuously monitor AI risk in real time. The platform centralizes AI model intake, reviews, approvals, and risk scoring with suggested control mappings and actionable mitigation steps.
Product overview
FairNow is a provider of AI governance software, offering a purpose-built AI Governance platform that helps enterprises inventory AI and agentic systems, automate compliance with multiple frameworks, and monitor AI risk. Following its acquisition by AuditBoard (now Optro) in October 2025, FairNow's technology was integrated into Optro's unified GRC platform to enhance AI-driven compliance capabilities.
Differentiator
Problem solved
Functional benefit
Products and services
- FairNow AI Governance Platform An enterprise AI governance platform that centralizes AI model inventory, automates compliance with 25+ regulatory frameworks including EU AI Act, ISO 42001, NIST AI RMF, and GDPR, and provides real-time AI risk monitoring with intelligent risk scoring and suggested control mappings. Designed for enterprises in highly regulated industries such as BFSI, healthcare, government, and defense.
Quantifiable outcome
- Organizations can achieve ISO 42001 certification using the platform
Companies that use FairNow
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
FairNow technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature4 records
FairNow partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Nemko DigitalcoreStrategic partnership to strengthen AI governance and compliance offerings. Nemko Digital provides certification and compliance services that complement FairNow's AI governance platform, enabling customers to achieve certifications like ISO 42001.
- ZertiacoreStrategic partnership to strengthen AI governance and compliance offerings. Zertia collaboration enhances FairNow's ability to deliver comprehensive AI governance solutions to enterprise customers.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
FairNow competitors and assessment
Company assessmentDirect peers
- ModelOp: ModelOp offers an enterprise AI governance and model lifecycle management platform with automated compliance, model inventory, and risk monitoring capabilities that directly overlap with FairNow's core feature set.
- Monitaur: Monitaur provides AI governance software focused on model monitoring, bias auditing, and compliance documentation for highly regulated industries—a close comparable to FairNow's real-time AI risk monitoring and audit-ready workflows.
- Credo AI: Credo AI is a direct competitor offering an AI governance, risk, and compliance platform focused on responsible AI frameworks, bias testing, and regulatory readiness—directly competing with FairNow's enterprise AI governance offering.
- Holistic AI: Holistic AI provides an AI governance, risk, and compliance platform with automated assessments against frameworks including EU AI Act, NIST AI RMF, and ISO 42001—closely aligned with FairNow's framework coverage and target customer profile.
Broad incumbents
- Collibra: Collibra provides data and AI governance capabilities as part of its data intelligence platform, addressing AI governance, data cataloging, and regulatory compliance for large enterprises—comparable as a broader governance incumbent.
- OneTrust AI Governance: OneTrust offers AI governance capabilities as part of its broader trust intelligence and privacy management platform, serving enterprise customers with overlapping use cases in AI risk and compliance.
- Diligent (Galvanize/ACL): Diligent's GRC platform includes AI-enabled risk and compliance capabilities serving large enterprises and boards; comparable as a broader GRC incumbent positioning around enterprise governance and audit workflows similar to Optro.
- Microsoft Purview AI Hub: Microsoft Purview AI Hub offers AI data governance and compliance capabilities integrated with the broader Microsoft ecosystem, serving enterprises that need AI governance alongside data governance—an incumbent alternative to FairNow.
- IBM watsonx.governance: IBM watsonx.governance provides AI lifecycle governance, risk management, and regulatory compliance tools as part of IBM's enterprise AI platform—overlapping with FairNow but as a piece of a much broader AI stack.
Emerging players
- TrustArc: TrustArc offers privacy and AI governance solutions focused on regulatory compliance frameworks, with partial overlap with FairNow's compliance automation capabilities in the privacy and AI regulation space.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
FairNow compliance and trust
Trust signalCompliance1 record
FairNow financial estimates
Financial estimateRevenue estimate
Valuation estimate
FairNow leadership team
Management profileNumber of profiles
Profiles5 records
FairNow funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FairNow M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FairNow
What does FairNow do?
FairNow provides an AI governance platform that helps enterprises inventory AI and agentic systems, automate compliance with 25+ frameworks (including EU AI Act, ISO 42001, NIST AI RMF, and GDPR), and continuously monitor AI risk in real time. The platform centralizes AI model intake, reviews, approvals, and risk scoring with suggested control mappings and actionable mitigation steps.
Is FairNow a public or private company?
FairNow is a private company. It is classified as corporate owned and is currently acquired.
When was FairNow founded?
FairNow was founded in 2024. It employs 11 to 50 people.
Where is FairNow based?
FairNow is headquartered in Mclean, United States, in the North America region.
How does FairNow make money?
One revenue line is on record: AI Governance Software Subscription.
Who are FairNow's main competitors?
Direct peers on record are ModelOp, Monitaur, Credo AI and Holistic AI. Broad incumbents are Collibra, OneTrust AI Governance, Diligent (Galvanize/ACL), Microsoft Purview AI Hub and IBM watsonx.governance. TrustArc is listed as an emerging player.
Does FairNow have an API?
No public API is recorded for FairNow.
What industry is FairNow in?
FairNow's product category is AI Governance Software. Its primary akta.pro industry code is HDAAAMAE, Regulatory Readiness & Audit Automation (e.g., EU AI Act, NIST AI RMF, ISO/IEC 42001), with a secondary code of HDAAAMAG, Responsible AI Policy, Controls & Workflow Management. Its SIC code is 7372.