Join us in Atlanta on April 10th and explore the landscape of security workforce. We will explore the vision, benefits, and use cases of AI for security teams. Request an invite here. ValidMind, a startup focused on AI and model risk management for financial institutions, announced today that it has raised $8.1 million in seed funding. The round was led by Point72 Ventures, with participation from several other venture capital firms. The new capital comes as banks face growing pressure to expand their use of AI, while ensuring these technologies comply with regulations. According to a report from the Consumer Financial Protection Bureau, banks that use chatbots risk providing inaccurate information to customers, diminishing consumer trust. In addition, new regulations like the EU’s AI Act and the proposed U.S. AI Bill of Rights are pushing the limits of current model risk management (MRM) processes and legacy MRM systems at banks. As ValidMind CEO and Co-founder Jonas Jacobi recently explained in an interview with VentureBeat, “The MRM teams at financial institutions are struggling to keep up …