Kitchener company selling Asenion, an AI governance, risk and compliance platform (formerly Fairly AI) that tests, red-teams and monitors AI systems for EU AI Act, ISO/IEC 42001 and NIST AI RMF compliance.
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Kitchener company selling Asenion, an AI governance, risk and compliance platform (formerly Fairly AI) that tests, red-teams and monitors AI systems for EU AI Act, ISO/IEC 42001 and NIST AI RMF compliance.
Ontario corporation FAIRLY AI INC. (BN 736463076), status Active, registered office in Kitchener, incorporated 2020-04-30. ised-isde.canada.ca
FedDev Ontario's Regional Artificial Intelligence Initiative gave the Kitchener company $300,000 (Dec 2025) to commercialize its 'Security for AI' testing tool for financial services and healthcare. canada.ca
Raised a $2.2M CAD (US$1.7M) round in April 2023 led by Flying Fish Partners, with Backstage Capital, X Factor Ventures, Loyal VC and NEXT Canada. betakit.com
Acquired Swedish AI-governance startup anch.AI in June 2025, combining the two companies into Asenion. asenion.ai
Products Asenion publishes on its own site. Each card links to the page it was taken from.
AI governance, risk and compliance platform
AI Trust, Risk and Security Management (AI TRiSM) platform combining ControlGen (converts text policies into automated rules), Red-Teaming (security testing for AI systems before deployment) and Witness (monitoring and transparency for AI operations).
Learn moreAnnounced rounds only, newest first. Undisclosed amounts are shown as undisclosed.
Apr 19, 2023
Investors: Flying Fish Partners, Backstage Capital, X Factor Ventures, Loyal VC, NEXT Canada
Government support actually received. Unpublished amounts are left out.
FedDev Ontario — Regional Artificial Intelligence Initiative — 'Security for AI' testing tool commercialization
CanExport, National Research Council Canada
FedDev Ontario's Regional Artificial Intelligence Initiative gave the Kitchener company (Fairly AI, o/a Asenion) $300,000 to commercialize its AI-powered 'Security for AI' testing tool for the financial services and healthcare sectors.
Fairly AI acquired Swedish AI-governance startup anch.AI, combining the two companies under the new name Asenion, a platform to help organizations develop regulation-ready AI.
Fairly AI raised a $2.2M CAD (US$1.7M) round led by Flying Fish Partners to help AI companies in regulated industries comply with incoming AI regulation.
Sourced from the company's own pages or announcements.
David Van Bruwaene
Co-Founder and Chief Executive Officer
Fion Lee-Madan
Co-Founder and Head of Strategic Partnerships
Terms the company uses about its own work.
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