Yields.io develops an AI platform and automated model monitoring service for the finance sector that identifies risks and errors in firms' model governance and surfaces new business opportunities. The company positions its product to bring transparency to model testing and to empower model validators, model users and managers with a highly scalable, structured solution. CEO Jos Gheerardyn highlighted that model risk became central after events like the credit crisis and the London Whale incident and that current model testing is largely manual. Yields.io aims to help banks meet increased requirements around model governance. With the recent investment it plans to expand international sales and marketing efforts. Founded last year, the company is based in Ghent and maintains an office in New York.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Jan 2018