Quantifind, a leader in AI-driven financial crime risk management, has successfully secured $23 million in its latest funding round, with Citi Ventures participating prominently.
The funding round was spearheaded by DNS Capital and included contributions from US Venture Partners, Valor Equity Partners, and S&P Global. This investment follows a robust performance in 2022, during which Quantifind established partnerships with four of the largest banking institutions worldwide for its Graphyte platform.
The newly acquired funds will be utilized to enhance the firm’s international presence, elevate its global brand recognition, and expand its capabilities in financial crime investigations, ongoing customer monitoring, alert triage, and supply chain risk evaluation.
Vibhor Rastogi, Global Head of AI/ML/Data Investing at Citi Ventures, emphasized the necessity for advanced detection strategies as financial markets continue to evolve. He stated, “It is crucial for risk management teams to cultivate dynamic detection abilities to prevent and address financial crimes and global threats. Quantifind is exceptionally positioned to provide the data coverage, comprehensive functionality, and scientifically grounded detection accuracy that global risk specialists across industries and governments require to effectively combat financial crime and emerging challenges.”