Sedric AI, a NYC-based provider of a compliance-dedicated AI platform for financial institutions, raised $18.5M in Series A funding.
The round, which brought the total amount to $22M, was led by Foundation Capital with participation from Amex Ventures.
The company intends to use the funds to further its efforts to transform compliance operations across the industry and to grow its lab in Tel Aviv, expanding its global go-to-market teams.
Led by CEO Nir Laznik and Eyal Peleg, Sedric developed a dedicated compliance large language model (LLM) for financial services. Its AI-driven compliance platform empowers compliance officers with a holistic view of risk across every integrated customer touchpoint.
This technology is powered by a compliance-dedicated large language model (LLM), providing organizations with an enterprise-ready platform to oversee and manage compliance risks. Its models are customized to an organization’s unique requirements, automating policy enforcement, mitigating deviations, and streamlining audits.
With offices in New York and Tel Aviv, the company has a growing base of customers in the U.S. and Europe.
FinSMEs
05/09/2024