# Monitaur for banks: pricing, customers, review

Source: https://www.bankingnewsai.com/vendors/monitaur
Last updated: Sep 24, 2026

*Sells an AI-governance platform and governance services to regulated enterprises, built first for insurers (its named customers are mostly insurers and insurtechs), and positions it for banks' generative and agentic AI that SR 26-2 leaves out of scope.*

## What is Monitaur, and which banks use it?

Monitaur is a Boston company founded in 2019 by Anthony Habayeb and Andrew Clark that sells AI-governance software: an inventory of AI use cases, a common-controls library, vendor governance, drift and bias monitoring, and FlightSim black-box testing. It is private and has announced $12.8 million across three rounds. Its named customers are mostly insurers; none of our 100 banks is named. Pricing is not published. It has published guidance on governing generative and agentic AI that SR 26-2 excludes, mapping them to NIST AI RMF and the EU AI Act.

## At a glance

| Field | Value |
| --- | --- |
| Category | [Model risk and AI governance](https://www.bankingnewsai.com/ai-tools/model-risk-governance) |
| Founded | 2019 |
| Headquarters | Boston, Massachusetts |
| Ownership | Private, venture-backed; announced rounds are $2.6 million (May 2021, with Techstars and MTech Capital), $4.6 million (March 2023) and a $6 million Series A led by Cultivation Capital with Rockmont Partners, Defy VC, Techstars and Studio VC (May 2024). No valuation is published. ([GlobeNewswire](https://www.globenewswire.com/news-release/2021/05/11/2227467/0/en/monitaur-uses-industry-traction-to-successfully-close-2-6-million-in-funding.html), [Business Wire](https://www.businesswire.com/news/home/20230315005269/en/Monitaur-Accelerates-AI-Governance-for-Insurance), [Business Wire](https://www.businesswire.com/news/home/20240513721294/en/Monitaur-the-Leading-Model-Governance-Platform-for-Highly-Regulated-Industries-Raises-%246M-Series-A)) |
| Ticker | private |
| Deployment | SaaS |
| Pricing model | Enterprise SaaS subscription with optional services, sales-led; FlightSim also sold standalone. |
| Banks among the 100 largest US banks | 0 |

## Products

| Product | What it does | Status | Sources |
| --- | --- | --- | --- |
| Monitaur AI governance platform | Web-based SaaS system of record for AI policies, use-case inventory, Common Controls and collaborative review workflows; its GovernML application became generally available in April 2022. | Generally available | [Business Wire](https://www.businesswire.com/news/home/20220405005539/en/Monitaur-Launches-GovernML-to-Guide-and-Assure-Entire-AI-Life-Cycle), [Monitaur](https://www.monitaur.ai/platform) |
| Vendor governance | Inventory and pre-mapped controls for third-party AI and foundation models (including GPT and Claude), integrated with existing vendor-risk processes; launched September 2025. | Generally available | [Business Wire](https://www.businesswire.com/news/home/20250930595476/en/Monitaur-Introduces-New-Capabilities-to-Address-3rd-Party-AI-Risks) |
| Automate FlightSim | Black-box pre-deployment testing of AI systems with synthetic scenarios, producing letter-grade scorecards across reliability, performance, bias and security; standalone since September 2026. | Generally available | [GlobeNewswire](https://www.globenewswire.com/news-release/2026/09/15/3362166/0/en/monitaur-brings-objective-assurances-to-high-impact-ai.html), [Monitaur](https://www.monitaur.ai/platform) |
| Automate Record | Continuous production validation that records AI decisions and runs automated drift and bias checks; Monitaur says it evidences nearly 40% of required governance controls automatically. | Generally available | [Monitaur](https://www.monitaur.ai/platform) |
| Governance services | Policy templates and review, program design, AI risk assessment methodology and education modules delivered by Monitaur. | Generally available | [Monitaur](https://www.monitaur.ai/platform) |

## How much does Monitaur cost?

How it is charged: Enterprise SaaS subscription with optional services, sales-led; FlightSim also sold standalone..

Monitaur does not publish a price list.

Pricing is not published. Monitaur has no public pricing page; buyers contact sales. Monitaur's own release says Forrester's Q3 2025 Wave gave it the highest possible score on 'pricing flexibility and transparency', but no price list is public.

## Which banks use Monitaur?

None of the 100 largest US banks covered on this site is publicly named as a Monitaur customer as of Sep 24, 2026.

## Flagship platform: Monitaur AI governance platform

A central inventory of AI use cases and models, a Common Controls library mapped across regulations and frameworks, collaborative workflows, vendor governance with pre-mapped controls for foundation models, Automate Record for drift and bias monitoring, and Automate FlightSim for pre-deployment black-box testing. ([Monitaur](https://www.monitaur.ai/platform), [Business Wire](https://www.businesswire.com/news/home/20250930595476/en/Monitaur-Introduces-New-Capabilities-to-Address-3rd-Party-AI-Risks), [GlobeNewswire](https://www.globenewswire.com/news-release/2026/09/15/3362166/0/en/monitaur-brings-objective-assurances-to-high-impact-ai.html))

## Key points

- Founded in 2019 by Anthony Habayeb (CEO), Andrew Clark (CTO) and Michael Herman; based in Boston.
- Announced funding of $2.6 million (2021), $4.6 million (2023) and a $6 million Series A led by Cultivation Capital (May 2024); it reported more than 6x growth in revenue, customers and product use in 2023 (vendor-reported, no base disclosed).
- Built first for insurance: named customers include Progressive Insurance, CAPE Analytics, Nayya and NiCE; it joined the AAIS insurer partner program in 2025 and maps controls to the NAIC AI Bulletin.
- Published a post on SR 26-2 that says generative and agentic AI fall outside the guidance and proposes governing them with NIST AI RMF and EU AI Act-based common controls plus FlightSim black-box validation of vendor systems.
- Launched vendor governance in September 2025 with pre-mapped controls for foundation models including GPT and Claude, and made FlightSim, its pre-deployment 'AI pen test', available standalone in September 2026.
- Forrester's Q3 2025 AI governance Wave rated it a Strong Performer and Customer Favorite, and Monitaur says Gartner named it a Visionary in the first Magic Quadrant for AI Governance Platforms (2026).

## Timeline

- Sep 15, 2026 — **FlightSim available standalone** Monitaur makes FlightSim, its black-box AI validation product, available outside the platform and says some customers require FlightSim results before buying high-impact AI. ([GlobeNewswire](https://www.globenewswire.com/news-release/2026/09/15/3362166/0/en/monitaur-brings-objective-assurances-to-high-impact-ai.html))
- Sep 30, 2025 — **Vendor governance launched** Monitaur adds vendor governance with pre-mapped controls for foundation and agentic AI models. ([Business Wire](https://www.businesswire.com/news/home/20250930595476/en/Monitaur-Introduces-New-Capabilities-to-Address-3rd-Party-AI-Risks))
- Aug 27, 2025 — **Forrester Wave placement** Monitaur says Forrester named it a Strong Performer and Customer Favorite in The Forrester Wave: AI Governance Solutions, Q3 2025. ([Business Wire](https://www.businesswire.com/news/home/20250827550651/en/Monitaur-Recognized-as-a-Customer-Favorite-in-Groundbreaking-AI-Governance-Market-Assessment))
- Jan 13, 2025 — **Joins AAIS partner program** The American Association of Insurance Services adds Monitaur to its partner program for member insurers. ([GlobeNewswire](https://www.globenewswire.com/news-release/2025/01/13/3008856/0/en/Monitaur-Joins-AAIS-Partner-Program-Helping-Members-Mitigate-AI-Risk-and-Remain-Compliant-with-Adaptable-Industry-Solutions.html))
- May 13, 2024 — **$6 million Series A** Cultivation Capital leads a $6 million Series A; Monitaur names Progressive Insurance, CAPE Analytics and Nayya as customers and reports more than 6x growth in 2023. ([Business Wire](https://www.businesswire.com/news/home/20240513721294/en/Monitaur-the-Leading-Model-Governance-Platform-for-Highly-Regulated-Industries-Raises-%246M-Series-A))
- Mar 15, 2023 — **$4.6 million and insurance push** Monitaur secures $4.6 million and adds insurance customers and partners, including CAPE Analytics and the Guidewire Insurtech Vanguards program. ([Business Wire](https://www.businesswire.com/news/home/20230315005269/en/Monitaur-Accelerates-AI-Governance-for-Insurance))
- Sep 7, 2022 — **PwC Germany partnership** PwC Germany and Monitaur partner on lifecycle AI governance and audits for European regulatory compliance. ([Business Wire](https://www.businesswire.com/news/home/20220907005341/en/PwC-Germany-and-Monitaur-Form-Strategic-Partnership-to-Advance-AI-Governance))
- Apr 5, 2022 — **GovernML generally available** Monitaur releases GovernML, a web-based SaaS system of record for AI governance policies and model risk across a company's AI portfolio. ([Business Wire](https://www.businesswire.com/news/home/20220405005539/en/Monitaur-Launches-GovernML-to-Guide-and-Assure-Entire-AI-Life-Cycle))
- May 11, 2021 — **$2.6 million raised** Monitaur closes a $2.6 million round with Techstars, MTech Capital and Hub Angels to hire for insurance, its first target industry. ([GlobeNewswire](https://www.globenewswire.com/news-release/2021/05/11/2227467/0/en/monitaur-uses-industry-traction-to-successfully-close-2-6-million-in-funding.html))
- Jan 1, 2019 — **Company founded** Anthony Habayeb and co-founders start Monitaur in 2019 (exact date not disclosed). ([Business Wire](https://www.businesswire.com/news/home/20240513721294/en/Monitaur-the-Leading-Model-Governance-Platform-for-Highly-Regulated-Industries-Raises-%246M-Series-A))

## What do banks use Monitaur for?

| Use case | What | Status | Detail | Sources |
| --- | --- | --- | --- | --- |
| [AI governance (general)](https://www.bankingnewsai.com/ai-regulation/by-use-case#governance-general) | AI inventory and common controls | In production | Central inventory of AI use cases and models with a controls library mapped across the EU AI Act, NIST AI RMF and state laws. | [Monitaur](https://www.monitaur.ai/platform), [Monitaur](https://www.monitaur.ai/blog-posts/governing-generative-and-agentic-ai-under-sr-26-2-what-financial-institutions-need-to-know) |
| [Third-party & vendor AI](https://www.bankingnewsai.com/ai-regulation/by-use-case#third-party-vendors) | Vendor AI governance and black-box testing | In production | Pre-mapped controls for vendor foundation models and FlightSim testing of vendor AI without access to its code. | [Business Wire](https://www.businesswire.com/news/home/20250930595476/en/Monitaur-Introduces-New-Capabilities-to-Address-3rd-Party-AI-Risks), [GlobeNewswire](https://www.globenewswire.com/news-release/2026/09/15/3362166/0/en/monitaur-brings-objective-assurances-to-high-impact-ai.html) |
| [Model risk management](https://www.bankingnewsai.com/ai-regulation/by-use-case#model-risk) | Continuous validation of models in production | In production | Automate Record runs drift and bias validations on production models; Monitaur's insurer case study reports 44 automated models. | [Monitaur](https://www.monitaur.ai/platform), [Monitaur (vendor case study)](https://www.monitaur.ai/case-studies) |
| [Generative & agentic AI](https://www.bankingnewsai.com/ai-regulation/by-use-case#generative-agentic-ai) | Governance of generative and agentic AI outside SR 26-2 | Announced | Monitaur proposes NIST AI RMF and EU AI Act-based controls and FlightSim testing for the generative and agentic systems SR 26-2 excludes. | [Monitaur](https://www.monitaur.ai/blog-posts/governing-generative-and-agentic-ai-under-sr-26-2-what-financial-institutions-need-to-know) |

## Disclosed numbers

| Measure | Value | As of | Sources |
| --- | --- | --- | --- |
| Series A | $6 million | May 13, 2024 | [Business Wire](https://www.businesswire.com/news/home/20240513721294/en/Monitaur-the-Leading-Model-Governance-Platform-for-Highly-Regulated-Industries-Raises-%246M-Series-A) |
| Earlier rounds | $2.6 million (2021) and $4.6 million (2023) | Mar 15, 2023 | [GlobeNewswire](https://www.globenewswire.com/news-release/2021/05/11/2227467/0/en/monitaur-uses-industry-traction-to-successfully-close-2-6-million-in-funding.html), [Business Wire](https://www.businesswire.com/news/home/20230315005269/en/Monitaur-Accelerates-AI-Governance-for-Insurance) |
| 2023 growth in revenue, customers and product use (vendor-reported) | more than 6x | May 13, 2024 | [Business Wire](https://www.businesswire.com/news/home/20240513721294/en/Monitaur-the-Leading-Model-Governance-Platform-for-Highly-Regulated-Industries-Raises-%246M-Series-A) |
| Insurer case study (vendor-reported) | 180+ projects, 4,400+ controls, 44 automated models processing 9 billion+ transactions | Sep 24, 2026 | [Monitaur (vendor case study)](https://www.monitaur.ai/case-studies) |
| Governance controls evidenced automatically by Automate Record (vendor-reported) | nearly 40% | Sep 24, 2026 | [Monitaur](https://www.monitaur.ai/platform) |

## Quotes

> "Each AI project or use case should be evaluated for risk per the company's policies and governed commensurately - the internal versus vendor source of the AI should not differentiate this objective." — Anthony Habayeb, Co-founder and CEO, Monitaur, Sep 30, 2025 ([Business Wire](https://www.businesswire.com/news/home/20250930595476/en/Monitaur-Introduces-New-Capabilities-to-Address-3rd-Party-AI-Risks))

> "Especially for our most consequential and high-impact systems, we should assume AI will encounter situations not anticipated, designed, or evaluated for." — Andrew Clark, Co-founder and CTO, Monitaur, Sep 15, 2026 ([GlobeNewswire](https://www.globenewswire.com/news-release/2026/09/15/3362166/0/en/monitaur-brings-objective-assurances-to-high-impact-ai.html))

> "We conducted a global RFP evaluating a wide range of solution providers for AI Governance." — Ethan Zweigel, Director of AI Governance, NiCE, Sep 24, 2026 ([Monitaur](https://www.monitaur.ai/customers))

## Who runs Monitaur?

- **Anthony Habayeb** — Co-founder and Chief Executive Officer ([Monitaur](https://www.monitaur.ai/company), [Business Wire](https://www.businesswire.com/news/home/20240513721294/en/Monitaur-the-Leading-Model-Governance-Platform-for-Highly-Regulated-Industries-Raises-%246M-Series-A))
- **Andrew Clark** — Co-founder and Chief Technology Officer ([Monitaur](https://www.monitaur.ai/company), [GlobeNewswire](https://www.globenewswire.com/news-release/2026/09/15/3362166/0/en/monitaur-brings-objective-assurances-to-high-impact-ai.html))
- **Michael Herman** — Co-founder and Lead Engineer ([Monitaur](https://www.monitaur.ai/company))

## Which rules apply to a bank using Monitaur?

- [Federal Reserve](https://www.bankingnewsai.com/ai-regulation/federal-reserve) — Monitaur's published SR 26-2 guidance targets the gap the guidance leaves: generative and agentic AI are out of scope, so a bank using Monitaur for those systems is applying its broader risk governance, while in-scope models still need SR 26-2 validation. See [SR 26-2](https://www.bankingnewsai.com/ai-regulation/documents/fed-sr-26-2).
- [NIST](https://www.bankingnewsai.com/ai-regulation/nist) — Monitaur maps its Common Controls to the NIST AI RMF and its Generative AI Profile, which it presents as the primary US framework for the systems SR 26-2 excludes. See [NIST AI RMF 1.0](https://www.bankingnewsai.com/ai-regulation/documents/nist-ai-100-1), [NIST AI 600-1 (Generative AI Profile)](https://www.bankingnewsai.com/ai-regulation/documents/nist-ai-600-1).
- [EU AI Act](https://www.bankingnewsai.com/ai-regulation/eu-ai-act) — Monitaur's controls library covers EU AI Act obligations, including the high-risk requirements for credit scoring that apply to a bank with EU operations. See [Regulation (EU) 2024/1689](https://www.bankingnewsai.com/ai-regulation/documents/eu-ai-act-regulation-2024-1689).
- [OCC](https://www.bankingnewsai.com/ai-regulation/occ) — A bank storing AI inventory and validation evidence in Monitaur's SaaS must manage Monitaur as a third party, and FlightSim results on vendor AI feed the bank's own third-party and model-risk reviews under OCC 2023-17 and 2026-13. See [OCC Bulletin 2023-17](https://www.bankingnewsai.com/ai-regulation/documents/occ-bulletin-2023-17), [OCC Bulletin 2026-13](https://www.bankingnewsai.com/ai-regulation/documents/occ-bulletin-2026-13).

## What the record suggests

### Customer base is mainly insurance

Monitaur's named customers and partners are insurers, insurtechs and NiCE; none of our 100 banks is named, and its bank-facing material is recent guidance on SR 26-2.

### Positioned for what SR 26-2 leaves out

Monitaur's SR 26-2 post focuses on generative and agentic AI, which the guidance excludes, rather than on validation of in-scope quantitative models.

### Pricing is not published

There is no pricing page; Monitaur cites a Forrester score for pricing flexibility and transparency, but no prices are public.

### Performance figures are vendor-reported

The 6x growth, insurer case-study counts and 'nearly 40%' evidence automation are Monitaur's own figures.

### Smaller funding base than some peers

Monitaur's announced rounds total $12.8 million across 2021-2024, which a buyer may weigh in third-party due diligence.

## FAQ

### How much does Monitaur cost?

Monitaur does not publish pricing and has no public pricing page; it sells its AI-governance platform and services through sales-led enterprise contracts, and since September 2026 also sells FlightSim, its black-box AI testing product, on its own. Monitaur says Forrester's Q3 2025 AI governance Wave gave it the highest score for pricing flexibility and transparency, but no list prices are available.

### Which banks use Monitaur?

None of the 100 largest US banks tracked on this site is publicly named as a Monitaur customer. Monitaur's named customers are largely in insurance -- Progressive Insurance, CAPE Analytics and Nayya in its May 2024 release -- plus NiCE, whose director of AI governance is quoted on Monitaur's site.

### Who owns Monitaur?

Monitaur is a private Boston company founded in 2019 by Anthony Habayeb, Andrew Clark and Michael Herman. It has announced $2.6 million (2021), $4.6 million (2023) and a $6 million Series A led by Cultivation Capital (2024), with investors including Techstars, MTech Capital, Rockmont Partners, Defy VC and Studio VC. No valuation is published.

### How does Monitaur address SR 26-2?

Monitaur has published guidance saying SR 26-2 excludes generative and agentic AI but leaves banks responsible for governing them, and proposes using NIST AI RMF and EU AI Act-based common controls plus FlightSim black-box validation for those systems, including vendor AI. It does not present a step-by-step SR 26-2 program for in-scope quantitative models.

### Monitaur vs Credo AI?

Both sell cross-industry AI-governance platforms with inventories, controls libraries and vendor governance. Monitaur's customers are mostly insurers and it adds FlightSim black-box testing; Credo AI's financial-services reference is Mastercard. Neither publishes pricing.

## Sources (14)

1. Providing confidence and trust in AI - About Us (undated page, retrieved 2026-09-24) — Monitaur, Sep 24, 2026. https://www.monitaur.ai/company
2. AI governance software platform (undated page, retrieved 2026-09-24) — Monitaur, Sep 24, 2026. https://www.monitaur.ai/platform
3. Customers (undated page, retrieved 2026-09-24) — Monitaur, Sep 24, 2026. https://www.monitaur.ai/customers
4. Case Studies (undated page, retrieved 2026-09-24) — Monitaur (vendor case study), Sep 24, 2026. https://www.monitaur.ai/case-studies
5. Governing generative and agentic AI under SR 26-2: What financial institutions need to know (undated page, retrieved 2026-09-24) — Monitaur, Sep 24, 2026. https://www.monitaur.ai/blog-posts/governing-generative-and-agentic-ai-under-sr-26-2-what-financial-institutions-need-to-know
6. Monitaur Uses Industry Traction to Successfully Close $2.6 Million in Funding — GlobeNewswire, May 11, 2021. https://www.globenewswire.com/news-release/2021/05/11/2227467/0/en/monitaur-uses-industry-traction-to-successfully-close-2-6-million-in-funding.html
7. Monitaur Launches GovernML to Guide and Assure Entire AI Life Cycle — Business Wire, Apr 5, 2022. https://www.businesswire.com/news/home/20220405005539/en/Monitaur-Launches-GovernML-to-Guide-and-Assure-Entire-AI-Life-Cycle
8. PwC Germany and Monitaur Form Strategic Partnership to Advance AI Governance — Business Wire, Sep 7, 2022. https://www.businesswire.com/news/home/20220907005341/en/PwC-Germany-and-Monitaur-Form-Strategic-Partnership-to-Advance-AI-Governance
9. Monitaur Accelerates AI Governance for Insurance — Business Wire, Mar 15, 2023. https://www.businesswire.com/news/home/20230315005269/en/Monitaur-Accelerates-AI-Governance-for-Insurance
10. Monitaur, the Leading Model Governance Platform for Highly-Regulated Industries, Raises $6M Series A — Business Wire, May 13, 2024. https://www.businesswire.com/news/home/20240513721294/en/Monitaur-the-Leading-Model-Governance-Platform-for-Highly-Regulated-Industries-Raises-%246M-Series-A
11. Monitaur Joins AAIS Partner Program, Helping Members Mitigate AI Risk and Remain Compliant with Adaptable Industry Solutions — GlobeNewswire, Jan 13, 2025. https://www.globenewswire.com/news-release/2025/01/13/3008856/0/en/Monitaur-Joins-AAIS-Partner-Program-Helping-Members-Mitigate-AI-Risk-and-Remain-Compliant-with-Adaptable-Industry-Solutions.html
12. Monitaur Recognized as a Customer Favorite in Groundbreaking AI Governance Market Assessment — Business Wire, Aug 27, 2025. https://www.businesswire.com/news/home/20250827550651/en/Monitaur-Recognized-as-a-Customer-Favorite-in-Groundbreaking-AI-Governance-Market-Assessment
13. Monitaur Introduces New Capabilities to Address 3rd Party AI Risks — Business Wire, Sep 30, 2025. https://www.businesswire.com/news/home/20250930595476/en/Monitaur-Introduces-New-Capabilities-to-Address-3rd-Party-AI-Risks
14. Monitaur Brings Objective Assurances to High-Impact AI — GlobeNewswire, Sep 15, 2026. https://www.globenewswire.com/news-release/2026/09/15/3362166/0/en/monitaur-brings-objective-assurances-to-high-impact-ai.html

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