Sardine AI Secures $70M in Series C Funding to Enhance Fraud and Compliance Operations

Sardine AI, a prominent AI risk platform specializing in fraud prevention, compliance, and credit underwriting, has announced the completion of a $70 million Series C funding round. This latest investment brings the company's total capital raised to $145 million. The funding round was led by Activant Capital, with participation from notable investors such as Andreessen Horowitz, Google Ventures, and Moody's Analytics.

In 2024, Sardine reported a 130% year-over-year growth in annual recurring revenue and nearly doubled its customer base. The company has profiled over 2.2 billion devices, establishing one of the largest databases for combating financial crime. Sardine's platform is utilized by more than 300 enterprises, including FIS, Ascensus, and GoDaddy, to enhance fraud prevention and streamline risk operations.

Sardine is expanding its AI capabilities with a suite of intelligent agents designed to automate and optimize fraud and compliance processes. These agents aim to reduce manual workloads and improve operational efficiency for financial institutions. Key features include KYC onboarding, sanctions screening, merchant risk assessment, and dispute management. The AI agents are expected to help risk teams focus on complex cases while maintaining accuracy and regulatory compliance.

The investment will support the scaling of Sardine's AI infrastructure, enabling financial institutions to enhance compliance controls and drive revenue growth. The company's AI-first approach aims to address the increasing volume of financial crime by connecting vast data points across fraud, compliance, and risk management.