AI-based financial crime detection startup ComplyAdvantage has acquired Golden Recursion, with Andreessen Horowitz joining as a shareholder.
San Francisco-based Golden specializes in automating the construction of one of the world’s largest knowledge graphs, designed to illustrate interconnected data points and their relationships for analyzing complex information. ComplyAdvantage believes that Golden’s expertise in data extraction and disambiguation will enhance its data ingestion capabilities, enabling clients to access more comprehensive, real-time insights into financial crime risks.
This acquisition also strengthens ComplyAdvantage’s presence in North America and introduces a significant investor, Andreessen Horowitz, to its roster, which already includes notable investors like Goldman Sachs and the Ontario Teachers’ Pension Plan.
Vatsa Narasimha, CEO of ComplyAdvantage, stated: “Delivering AI-enriched financial crime insights to our customers through a best-in-class user experience built on the most interconnected data has been our north star at ComplyAdvantage since day one. The acquisition of Golden is a critical milestone on that journey.”