Two promising startups that graduated from the Founder Institute Toronto program, Fairly AI and ENGAIZ, have achieved a significant milestone by securing investments from the prestigious global startup accelerator Techstars.
Techstars, renowned for its commitment to identifying and nurturing high-potential startups worldwide, has chosen Fairly AI and ENGAIZ as the latest additions to its portfolio. This investment validates the innovative potential and expansion prospects of both companies.
Fairly, a Kitchner-based startup aims to democratize safe, secure, and compliant AI across the enterprise. Operating within a similar domain, ENGAIZ delivers digital risk insurance solutions, third-party risk management solutions, cybersecurity certifications, and regulatory compliance to organizations.
Fairly and ENGAIZ emerged as standout graduates from both the rigorous Founder Institute Core program and the Techstars Toronto 2023 cohort. The investments from Techstars will enable the two fast-developing companies to accelerate their growth, extend their market reach, and continue to innovate in their respective industries.
Techstars is a global startup accelerator and venture capital firm with a mission to empower entrepreneurs to bring new technologies to market. It provides mentorship, funding, and resources to startups across various industries and stages of development. The decision to invest in these startups reaffirms Toronto's position as a thriving hub for entrepreneurship. Meanwhile, the Founder Institute Toronto program continues to be a springboard for startups aiming to make a meaningful impact on the tech ecosystem.
About Fairly AI
The Fairly AI Oversight and Risk Management Platform for enterprises and Fairly Asenion, the world’s first compliance agent for Generative AI, enables data scientists and policy experts to accelerate AI adoption together while minimizing risks. Fairly's patent-pending technology delivers fast AI with assurance, integrity, and reliability by seamlessly applying policies and controls to in-house and third-party AI systems.
Discover more details about Fairly here: https://www.fairly.ai/
About ENGAIZ
ENGAIZ has developed an integrated cyber risk intelligence, assessment, monitoring, and regulatory compliance platform for organizations to boost their cyber resilience by mitigating digital risks with near real-time risk insights and assessment analytics.
Discover more details about ENGAIZ here: https://engaiz.com/
About Techstars
Techstars facilitates connections between founders and diverse individuals and entities, including fellow entrepreneurs, industry experts, mentors, alumni, investors, community leaders, and corporations. Through its accelerator programs, Techstars has nurtured startups that collectively boast a current market capitalization exceeding $22 billion. Established in 2006 by co-founders and co-CEOs David Cohen and David Brown, along with tech entrepreneur and venture capitalist Brad Feld, and Jared Polis, the current Governor of Colorado, Techstars is renowned for championing the #givefirst ethos—a core value emphasizing selfless contributions without expecting immediate reciprocation.
For more information about Techstars, visit www.techstars.com.
About the Founder Institute
The Founder Institute is the world’s most proven network to turn ideas into fundable startups, and startups into global businesses.
Since 2009, our highly structured accelerator programs have helped entrepreneurs at the earliest stages grow quickly, know what to do next, and make connections with the largest community of startup advisors.
Leaders of the world’s fastest-growing startups have used the Founder Institute to raise funding, build a co-founding team, get into seed accelerators, generate traction, recruit a team, build a product, transition from employee to entrepreneur, and more. Based in Silicon Valley and with chapters across 200 cities and 95 countries, the Founder Institute's mission is to empower communities of talented and motivated people to build impactful technology companies worldwide.
Find more about Founder Institute’s portfolio here: https://fi.co/graduates
The Founder Institute is the world’s most proven network to turn ideas into fundable startups, and startups into global businesses. Since 2009, our highly-structured accelerator programs have helped entrepreneurs raised over $1.75BN in funding across over 200 cities worldwide.
Learn more about the Founder Institute at FI.co, or join an upcoming startup event at FI.co/events.
