Sedric AI, a pioneer in AI-driven compliance technology for financial institutions, has raised $18.5 million in a Series A funding round led by Foundation Capital, with participation from Amex Ventures. This investment brings Sedric’s total funding to $22 million, which will be used to expand its AI lab in Tel Aviv and strengthen its global sales teams.
As financial institutions increasingly adopt generative AI to enhance their offerings, they face growing scrutiny from regulators to ensure robust safeguards across all customer touchpoints. “For financial institutions, compliance and growth can often feel like competing priorities,” said Nir Laznik, co-founder and CEO of Sedric. “Our compliance-dedicated AI turns risk into an opportunity, providing a proven, bank-ready solution already widely adopted across the financial services sector.”
Sedric’s platform is among the first of its kind to feature a large language model specifically designed for compliance, giving firms a holistic view of their compliance risks across all communication channels. The technology allows companies to quickly identify and correct potential policy breaches, reducing the need for costly manual reviews.
The company’s growth has been impressive, with revenue increasing fivefold in the past year. Sedric now counts global banks, lenders, trading platforms, and insurers among its clients in the U.S. and Europe.
Eyal Peleg, co-founder and CTO, emphasized the importance of responsible AI adoption: “GenAI will transform the financial sector, but it’s crucial to use it responsibly. Our platform provides the guardrails needed to ensure AI is used safely and within regulatory boundaries.”
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