Quantifind Secures $22 Million to Enhance AI Compliance Solutions
Deal News | Jan 16, 2025 | USVP Management Co LLC
Quantifind, an AI compliance solutions provider, has successfully secured $22 million in funding, signaling its intent to expand its global reach and bolster its offerings. This substantial investment comes from USVP Management Co LLC, a prominent venture capital firm known for backing tech-driven enterprises. The capital influx will aid Quantifind in the rollout of its new Payments Risk Intelligence Solution, designed to address the increasing demands for robust compliance tools in the financial industry. This development highlights the growing importance of AI technologies in managing financial risks and compliance, responding to heightened regulatory scrutiny globally. The firm aims to leverage this funding to not only widen its market presence but also refine its AI capabilities to offer more definitive compliance solutions.
Sectors
- Financial Services
- Artificial Intelligence
Geography
- United States – The article involves USVP Management Co LLC, an American venture capital firm, and likely refers to the US market as a primary target.
Industry
- Financial Services – The article revolves around Quantifind providing AI solutions for compliance in the financial sector, which falls under financial services.
- Artificial Intelligence – Quantifind specializes in AI compliance solutions, making this industry a core focus of the article.
Financials
- 22,000,000 – The amount of money raised by Quantifind from USVP to expand its AI compliance solutions.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Quantifind | Target Company | Company | A company that provides AI compliance solutions and has raised funds to expand its offerings. |
| USVP Management Co LLC | Investor | Company | A venture capital firm providing the $22 million investment in Quantifind for expanding its AI compliance solutions. |