Quantifind, a Palo Alto, CA-based provider of AI-powered financial crimes risk management solutions, announced that it raised $23 million in funding, which will accelerate business growth and customer success.
The round was led by DNS Capital, with participation from Citi Ventures, US Venture Partners, Valor Equity Partners, and S&P Global.
The funding comes after a strong 2022 that included signing four of the world’s largest banks, new contracts from the Department of Defense, including a $23.7 million production contract, signing deals with leading universities, and establishing partnerships with the United for Wildlife taskforce and the Polaris Financial Intelligence Unit to fight human trafficking.
Quantifind will use the funding to expand its footprint in international markets, growing global brand recognition, and enhance its solutions for financial crimes investigation, continuous customer monitoring, alerts triage, and supply chain risk screening.
“Global financial institutions and governments value Quantifind’s ability to automatically uncover risk signals from disparate and unstructured data sources,” said Quantifind CEO and co-founder Ari Tuchman. “We continue to raise the data science bar in the fight against financial crimes and hidden threats with a commitment to accuracy, speed, and seamless integration into client workflows.”
Quantifind’s Graphyte™ Platform is the ideal solution in a global macro economy experiencing high regulatory and cost-efficiency demand.
Quantifind also supports nonprofits by lending its intelligence software to the Polaris financial intelligence unit against human trafficking and the United for wildlife taskforce.
Looking to 2023 and in line with its mission to help global risk specialists overcome the mounting pressures of budget cuts, less staff, and tighter regulations.
Company: Quantifind, Inc.
Raised: $23.0M
Round: Unknown
Funding Month: March 2023
Lead Investors: DNS Capital
Additional Investors: Citi Ventures, US Venture Partners, Valor Equity Partners, and S&P Global
Company Website: https://www.quantifind.com/
Software Category: AI-powered Financial Crimes Risk Management Solutions
About the Company: Quantifind provides an AI-powered automation platform that uncovers relevant risk signals from disparate and unstructured data to help risk specialists investigate people and organizations faster and more accurately. Its Graphyte automation platform maximizes risk intelligence workflows by delivering entity resolution, dynamic risk typologies, knowledge graph technology, and name science. Quantifind is a provider to tier 1 banks, digital banks, financial institutions, and government organizations for the following use cases: Know Your Customer (KYC), Customer Due Diligence (CDD), Fraud Risk Management, and Anti-Money Laundering (AML). Quantifind is headquartered in Palo Alto, with teams in Boston, Washington, Atlanta, Madrid, London, and New York.
Source: https://ffnews.com/newsarticle/quantifind-raises-23m-and-signs-four-of-the-worlds-largest-banks-that-will-use-quantifinds-ai-platform-graphyte/