Greenlite AI raised $15 million in Sequence A funding led by Greylock to broaden its agentic AI platform for compliance automation in monetary companies.
The corporate’s AI brokers automate KYC, AML, and sanctions workflows whereas embedding regulatory steering into each course of through its proprietary Belief Infrastructure.
Prospects like Ramp, Betterment, and Mercury report 3x to 4x ROI inside 12 weeks, as Greenlite helps them scale compliance efforts with out including headcount.
Agentic AI platform for monetary companies Greenlite AI has raised $15 million in Sequence A funding this week. Led by Greylock, the funding brings the San Francisco-based firm’s complete raised to $20 million. Thomson Reuters, Canvas Prime, Y Combinator, and different angel buyers additionally participated.
Greenlite was based in 2023 to assist monetary companies corporations automate guide work. The corporate’s screening alerts, transaction monitoring alerts, buyer due diligence, and enhanced due diligence instruments assist automate Know Your Buyer (KYC), Anti-Cash Laundering (AML), and sanctions compliance. Greenlite’s AI brokers additionally handle alert triage, buyer threat scoring, and transaction monitoring to unencumber compliance groups to give attention to proactive threat administration, regulatory technique, and buyer perception.
These options are constructed round its Belief Infrastructure, a system that embeds US federal banking regulatory steering into each AI agent. The system permits automated workflows to fulfill strict necessities for validation, testing, and accuracy, which permits corporations to scale their AI-based employees members.
“With regulatory stress mounting and margins tightening, compliance groups can’t preserve throwing headcount on the drawback,” mentioned Greenlite AI CEO and Co-Founder Will Lawrence. “They want automation that’s not simply highly effective, however accountable. That’s precisely what Greenlite AI delivers—AI brokers constructed on a basis of regulatory belief, able to tackle the entrance strains of monetary crime and compliance.”
Greenlite will use the brand new funding to scale its Belief Infrastructure, which it anticipates will turn into the business normal for generative AI accuracy and mannequin validation. The funds may also be used to put money into new agent archetypes, broaden the corporate’s regulatory presence, and develop its groups to onboard extra purchasers.
With Greylock’s backing, Greenlite will probably be amongst a portfolio of contemporary AI and infrastructure startups. The funding underscores present investor confidence in agentic AI’s position in enterprise compliance. “Greenlite AI’s brokers are lowering the guide burden on compliance groups, and their unparalleled accuracy helps organizations scale with out including headcount,” mentioned Greylock Accomplice and Greenlite AI Board Member Seth Rosenberg. “It’s a privilege to be companions to Will and group, and we’re proud to double down on our help of the corporate as they elevate the bar for what reliable compliance seems like in right this moment’s AI period.”
As monetary establishments face rising regulatory scrutiny, evolving typologies of monetary crime, and a scarcity of certified compliance employees, many are overwhelmed by the amount of alerts and guide overview necessities. Greenlite AI goals to deal with this operational pressure by embedding intelligence instantly into compliance workflows. The corporate experiences that its purchasers see a 3x to 4x return on funding inside simply 12 weeks, pushed by decreased guide workload and sooner case decision. Amongst Greenlite’s prospects are Ramp, Mercury, Betterment, Gusto, RSM UK, and a number of US banks.
Photograph by Davis Sánchez
Views: 157
Discussion about this post