AI startup Go.AI has completed a Series A funding round of $85 million, led by Updata Partners

Chicago-based AI startup Go.AI has completed a $85 million Series A financing round, led by Updata Partners, with existing investors GFT Ventures and LAUNCH participating. To date, its total funding has risen to $90 million.

Go.AI primarily provides locally deployed, auditable AI infrastructure for regulated entities such as banks. The new funds will be used to expand the engineering team and increase marketing efforts, driving the company to expand from its core regulated industries to a broader range of compliance-oriented organizations.