Financial crime intelligence company Quantifind raised $200 million in growth-round funding led by Summit Partners, according to a news release. Citi Ventures, S&P Global, Deloitte and Stephens Group also participated.
Quantifind, which was founded in 2009, will use the money for expanding across Europe, Asia-Pacific and the Americas, strengthening regional partnerships, advancing regulatory alignment and extending localized risk intelligence capabilities, the company said in the news release.
“Modern financial crime operations require accuracy, speed, scale, and explainability simultaneously — there is no acceptable tradeoff among them in regulated environments,” Ari Tuchman, CEO and co-founder of Quantifind, said in the release. “As AI transforms risk operations, success will depend on governed AI systems grounded in trusted intelligence and human oversight. Quantifind continues to be the trusted choice for these AI risk applications.”
