(*70*)
Fraud detection platform with AI power supply Sardine Last yr from the C series closed $ 70 million after almost double the customer base.
The latest round was run by Capital activator with the participation of Andreessen HorowitzIN Nyca partnersIN GVIN Geodetic capitalIN Cross Creek CapitalIN Moody’s AnalyticsIN Experian Ventures AND Naventures. Established in 2020, Sardine collected $ 145 million by company.
Startup based in San Francisco, the AI-Holl-Holl-Holl-Holl-Hold-Hold platform, uses the intelligence of devices, behavior biometry and machine learning to stop real-time fraud and improves compliance. The platform has a package of AI agents designed to automate fraud and compliance operations and reduction of costs.
In addition to the development of the customer base, the company said that last yr also increased repetitive revenues by 130%.
“Risk teams are extended to their borders and the load on work is still growing,” he said Ranjan soupsSardine CEO. “The volume of alerts increased by 800%, employment of compliance cannot keep up, and the analysts are stuck in an endless manual review cycle … AI Sardine agents automate the most time -consuming parts of the risk surgery, helping teams move faster, reduce false positive positions and focus on stopping the real ones threats. “
Not focused on fraud
Despite the fraud headers, investors didn’t pour money to the startups of the fraud detection. In fact, Raise Sardine is the largest in the sector since Austin in Texas Spycloudwhich protects the digital identity, closed a round of $ 110 million in the primary and secondary captain led by Riverwood capital In August 2023
Financing Venture actually dropped significantly in space last yr, and only $ 336 million to start out -detection of fraud on Crunchbase data. This sum of the dollar was almost 50% inheritance in comparison with USD 620 million invested in 2023.