Automated financial crime assurance platform Cable announced it has raised an $11 million Series A funding round led by Stage 2 and Jump Capital with ongoing participation from previous investor CRV.
Founded in 2021, Cable will use the capital injection to hire for roles across its product, engineering, data and go-to-market teams, as well as quicken its development pace, the company said in a news release.
“What we’ve built so far is only the first 1 percent of the roadmap that we have planned and barely scratches the surface when we think about our mission,” Cable CEO and co-founder Natasha Vernier said in a news release. “I am delighted to bring Dan and Liz from Stage 2 Capital, and Tarun from Jump Capital, to the table to leverage their go-to-market experience as we look to accelerate through the next phase of our growth.”
