Arteria AI, a leading applied AI company specializing in modern documentation infrastructure for institutional finance, has secured $30 million in an oversubscribed Series B financing round led by GGV Capital U.S. Existing major investors, including Illuminate Financial, Information Venture Partners, BDC Capital, and Citi, also participated in the round. This latest funding brings Arteria’s total funding to $50 million to date.
Arteria AI has gained trust from premier financial institutions, including global Tier 1 banks, by leveraging AI to enhance operational efficiency and improve client experience in areas like trading, lending, and asset management. The company’s AI-enabled software brings documentation into the digital age, unlocking speed and efficiency in capital markets transactions. Since its launch in 2020, Arteria has experienced significant momentum, tripling its recurring revenue over the past year.
The company’s platform removes the need for manual processes by structuring data at the beginning of the documentation lifecycle, enabling real-time flow of data and analytics. Arteria’s solution facilitates intelligent workflow tools, speeding up decision-making processes for stakeholders. The new funding will be used to accelerate go-to-market activities and advance the development of Arteria’s market-leading AI technology in financial services.
Shelby Austin, CEO and Co-Founder of Arteria AI, expressed enthusiasm about the partnership with GGV U.S. and highlighted the significant value Arteria brings to its customers in addressing documentation challenges in financial services. Jeff Richards, Managing Partner of GGV Capital U.S., emphasized the transformational impact of Arteria’s platform, emphasizing the importance of effective documentation in financial institutions. Citi, a strategic backer of Arteria through its strategic investments program, sees Arteria AI as a means to enhance client experience and streamline collaboration across functions.
The funding will enable Arteria AI to further develop its AI technology and expand its market presence, aiming to transform how modern financial institutions engage with documentation.