Castellum.AI, a financial crime compliance platform featuring in-house risk data, AML/KYC screening, and AI agents, has successfully closed an oversubscribed $8.5 million Series A funding round.
The funding was led by Curql, a fund supported by over 130 credit unions, with additional participation from BTech Consortium, backed by numerous banks, and Framework Venture Partners, affiliated with Tier 1 Canadian financial institutions.
Castellum.AI adopts an integrated approach to compliance by combining risk data, AML/KYC screening, and AI agents in a single, audit-ready system developed entirely in-house. The platform reportedly reduces AML/KYC false positives by 94% and decreases the time spent on compliance reviews by 83% from the outset—prior to any adjustments. Its AI agents have been trained by former regulators, ensuring they pass CAMS practice exams on the first attempt.
Peter Piatetsky, CEO of Castellum.AI, states: “Compliance teams are inundated with false positives while financial crime slips through the cracks. We’ve eliminated the tradeoff between accuracy and risk mitigation. You no longer have to delay transactions or onboarding to identify true positives. Our explainable AI enhances Level 1 and Level 2 alert adjudications and supports Level 3 investigations, complete with detailed audit trails.”