Resistant AI, an AI and machine learning security provider for the financial services sector, has expanded its Series A funding round to $28 million after raising an additional $11 million investment from Notion Capital, which joins existing investors GV, Index Ventures, Credo Ventures and Seedcamp.
The news comes not long after the company announced its technology was being integrated into Certa’s popular third-party risk management platform.
Resistant AI, which boasts customers like Dun and Bradstreet and Payoneer, has grown to 80-plus employees across offices in Prague, London, Brussels and New York since its founding in 2019.
“The transition from traditional finance to fintech has brought creativity and opportunities for customers, but there has been an accompanying rise in criminals exploiting these new services,” Martin Rehak, CEO and founder of Resistant AI, said in a news release. The old methods of fighting financial crime cannot keep up and Resistant AI’s unique application of machine learning successfully tackles these ever-changing threats.”