RiskScout Raises Funding for AI Compliance Platform
RiskScout closed an undisclosed funding round led by LiveOak Ventures, the company said in a press release. Castle Creek Launchpad, the Bankers Helping Bankers Fund, Alloy Labs, Brue2 and C3 Ventures also participated.
RiskScout provides a BSA/AML compliance and fraud prevention platform for banks and credit unions. It uses automation and AI agents for alert investigations, customer risk profiles, enhanced due diligence, and preparation of SAR and CTR filings.
The company said its revenue more than tripled over the past year, while the number of financial institutions it serves grew by more than 250%. It plans to use the funding to expand its team, automation, AI capabilities and integrations with core providers and partners.
We hope you enjoyed this article
Consider subscribing to one of our newsletters like Finance AI Weekly, AI Funding Brief or Daily AI Brief.
Also, consider following us on social media:
More from Finance
Oct 9 CaixaBank expands Google Cloud agreement through 2033 Oct 8 Alkami and Bank Director Schedule Bank AI Governance Webinar Oct 8 LoanCare launches IllumineX for mortgage servicing Oct 8 Sure and Groma Launch AI Renters Insurance Compliance System Oct 8 Versapay Adds AI Across Invoice to Cash PlatformMore from Funding
Oct 9 GUDEA raises $7 million for online narrative intelligence platform Oct 9 Oxide Raises $445 Million to Expand Cloud Computer Manufacturing Oct 9 CollPlant Announces $3.7 Million Private Placement for LightSolver Oct 9 Manus Parent Raises More Than $500 Million After Meta Split Oct 9 Persona Raises $10M for AI Assistant and Wearable BandFinance AI Weekly
Weekly newsletter about AI in finance. Covers AI-driven trading, fintech innovations, and data analytics transforming markets
Whitepaper
Tensordyne Napier: What If One Rack Could Do the Work of Nine?
Tensordyne
This Tensordyne whitepaper presents Napier, an inference-focused AI processor and rack-scale system based on the company’s TDN Math logarithmic number system. It examines infrastructure requirements for large mixture-of-experts and agentic models, compares major inference architecture approaches, and details the TDN AIP processor, TDN72 pod, TDN Link fabric, and Napier Ultra configuration. The paper reports simulation-based performance, cost, and accuracy-validation results, including Tensordyne’s projected comparison of one Napier rack with a nine-rack Nvidia Rubin plus Groq deployment; the chip is reported as taped out and in fabrication.
Read moreYou may also like
Reco Raises $55 Million for AI Agent Security Platform
Footprint Raises $25 Million for AI Compliance Platform
Wings Credit Union Selects 360factors AI Compliance Software
ScamAdviser Introduces AgentLooker.ai to Protect AI Agents From Scams
Byzfunder Launches TraceDataIQ for Small Business Underwriting
Daily AI Brief: the AI news that matters, in your inbox.