Prague-based Resistant AI, a company that protects financial services from financial crime, announced that it has secured $11M from Notion Capital.
The new funding brings the company’s total Series A round to $27.6M and adds to the existing funding from GV, Index Ventures, Credo Ventures, and Seedcamp.
The new investment builds on Resistant AI’s expansion of its product, team, and geographical presence.
This is to meet the growing demand from financial institutions to protect their onboarding and transaction systems from malicious attacks.
Founded in 2019 by Martin Rehak, Resistant AI has developed state-of-the-art machine learning techniques to protect financial services from manipulation and attack.
The company’s solutions look for anomalies in documents, transactions, serial fraud, synthetic identities, account takeovers, money laundering, and behaviors.
This provides a 360-degree view of each customer, which can double the number of threats detected.
The Czech company’s solutions protect a number of banks and fintech companies across the customer life cycle, including Dun and Bradstreet, Payoneer, Habito, Planet42, and ComplyAdvantage.
Resistant AI now has over 80 team members working across offices in Prague, London, Brussels, and New York.
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