Quantifind, a Palo Alto, CA-based provider of AI-powered financial crimes risk management solutions, raised $23M in funding.
The round was led by DNS Capital, with participation from Citi Ventures, US Venture Partners, Valor Equity Partners, and S&P Global.
The company intends to use the funds to expand its presence in international markets, grow global brand recognition, and enhance its solutions for financial crimes investigation, continuous customer monitoring, alerts triage, and supply chain risk screening.
Led by CEO Ari Tuchman, 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).
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 $23.7M 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 is headquartered in Palo Alto, with teams in Boston, Washington, Atlanta, Madrid, London, and New York.
FinSMEs
01/03/2023