Tech Company Financing Transactions
Sedric AI Funding Round
Sedric AI, based in New York, raised $18.5 million from Foundation Capital and American Express Ventures.
Transaction Overview
Company Name
Announced On
9/5/2024
Transaction Type
Venture Equity
Amount
$18,500,000
Round
Series A
Investors
Foundation Capital (Lead Investor)
Proceeds Purpose
The company intends to use the funds to further its efforts to transform compliance operations across the industry and to grow its lab in Tel Aviv, expanding its global go-to-market teams.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
132 W 31st St
New York, NY 10001
USA
New York, NY 10001
USA
Phone
Undisclosed
Website
Email Address
Overview
A single space where complicated compliance tasks become a streamlined, automated workflow. A trusted platform that activates policies, automates detection and mitigation, and generates reports with a click. Powered by the first compliance-dedicated LLM, Sedric has become the new standard for end-to-end compliance management in financial services
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Nir Laznik
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We do our best to report on every notable VC transaction. VC investment data records on this site are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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