Goldman, Moody’s alum-led credit platform raises $6.1M

Core Insights - AIR, an AI-powered credit ratings firm, has raised $6.1 million to enhance its automated credit intelligence platform [1] - The company aims to evaluate the financial health of both public and private companies daily, assisting banks and private lenders in assessing creditworthiness [2] - AIR's technology allows for sensitivity analysis and stress-testing of portfolios, providing a comprehensive view of risk [2] Company Overview - Founded by veterans from Moody's, DataRobot, and Goldman Sachs, AIR focuses on transforming qualitative financial questions into quantitative metrics for better analysis [2][3] - The platform is designed to break down its analytical processes step-by-step, enabling analysts to understand how conclusions are reached [3] Technological Innovation - AIR utilizes decades of financial data, including bond spreads, to continuously update credit ratings in real-time, offering a "bias-free" perspective on risk [5] - The firm criticizes traditional credit rating methods for being slow, reactive, and often outdated, which can lead to flawed ratings and systemic issues [5] Market Context - The volume of available data for credit decisions has increased tenfold over the past decade, yet many financial institutions have not adapted their systems accordingly [5]