Quantifind, a leading provider of AI-powered financial crimes risk management solutions, announced a $23 million funding round led by DNS Capital, with participation from Citi Ventures, US Venture Partners, Valor Equity Partners, and S&P Global. The funding follows a successful 2022, which included agreements with four of the world’s largest banks, new contracts from the Department of Defense, including a $23.7 million production contract, agreements with leading universities, and partnerships with the United for Wildlife taskforce and the Polaris Financial Intelligence Unit to combat human trafficking.
Quantifind plans to use the funds to expand its international footprint, increase global brand recognition, and improve its solutions for financial crimes investigation, continuous customer monitoring, alert triage, and supply chain risk screening.
Quantifind also helps nonprofits by lending its intelligence software to the Polaris Financial Intelligence Unit and the United for Wildlife task force. These organizations employ the Quantifind risk intelligence platform to identify financial patterns that indicate human trafficking. This information is shared with leaders in the financial services and law enforcement. Furthermore, these thought-leading nonprofits provide industry expertise as feedback to Quantifind machine-learned risk typologies in order to power a risk-standards paradigm. This year, Quantifind will collaborate with Polaris and the United for Wildlife task force to host two events.
Quantifind’s AI-powered automation uncovers relevant risk signals from disparate and unstructured data to help risk specialists investigate people and organizations faster and more accurately. Quantifind’s Graphyte™ automation platform maximizes risk intelligence workflows by delivering superior entity resolution, dynamic risk typologies, knowledge graph technology, and name science. Quantifind is a top 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).