Chicago-based AI startup Go.AI has raised $85 million in a Series A round led by Updata Partners, with existing investors GFT Ventures and LAUNCH participating. The financing brings the company’s total capital raised to $90 million. Go.AI provides locally deployed, auditable AI infrastructure for banks and other regulated institutions. It plans to use the new funds to expand its engineering team and increase marketing, supporting a move beyond core regulated industries toward a broader group of compliance-focused institutions.