The financial sector is investing in tech solutions for anti-crime compliance and risk management, with Flagright raising $12.5 million in series A funding and Quantifind raising $200 million this month.

FIs face a growing need to operate more quickly, manage higher volumes, meet rising regulatory expectations and respond to increasingly advanced financial crime, Flagright co-founder and Chief Technology Officer Madhu Nadig told FinAi News.

AI is driving this platform shift as cyberattacks and fraud become more sophisticated.

FIs are turning to AI and tech-driven solutions that can keep pace with growing threats but remain compatible with legacy compliance stacks.

“Historically, when there was a new technology, like cloud … it took years, and maybe decades, for enterprises to adopt them,” Nadig said. “With AI … enterprises are actually maybe even faster in adopting it than the consumers.”

Essentially, FIs must jump on the moving tech train to reach their destination, Nadig said.

This is where Flagright and Quantifind come in. The companies, which offer anti-crime AI solutions, say they will use new funding to expand operations, strengthen offerings and reach more FIs.

Flagright expands reach

AI-native platform for financial crime compliance Flagright raised $12.5 million in a series A funding round that was announced June 17 and led by Infinity Ventures.

Flagright previously raised $4.3 million in seed funding in March 2025, led by Frontline Ventures, and $3.3 million in pre-seed funding in July 2022, led by Moonfire Ventures.

Flagright will use the $12.5 million to accelerate operations, focusing on investing in AI subsystems, marketing and sales, and enterprise maturity, Nadig said.

“It’s essentially buying time and having enough resources to deal with the surge in demand that we are seeing for our products,” he said.

Flagright provides FIs with transaction monitoring, watchlist screening, risk scoring, case management, AI forensics and governance workflows, according to the company.

More than 100 institutions use Flagright, including U.S. business software company Intuit and Italian banking group UniCredit, Nadig said. Flagright has hubs in Asia, Europe and North America.

FinAi News named Flagright as a “startup to watch” in January 2025.

Quantifind responds to growing AI needs

Palo Alto, Calif.-based Quantifind’s Graphyte AI-native risk intelligence platform raised $200 million in its latest funding round announced June 26.

The round was led by Summit Partners, according to the tech company’s release. Quantifind had raised more than $113.3 million in eight previous rounds of funding from October 2009 to January 2025.

Legacy compliance screening and investigative systems can generate excessive false-positive alerts, according to Quantifind in a release. This wastes resources and pulls them away from real threats.

Quantifind’s Graphyte platform aggregates internal, third-party and open-source data and applies AI intelligence to accelerate investigations, uncover malfeasance and preserve regulatory compliance, the company said.

Quantifind combines internal and external data with purpose-built AI language models for data management and risk discovery, according to the company. More than 100 institutions use Graphyte, including six of the world’s top 10 tier-1 FIs, it said.

Research firm Celent estimated in a February 2026 report that Tier 1 banks using Graphyte could reduce annual alert-processing costs by as much as $177.9 million, largely because of fewer false positives.

Tier 2 banks could achieve annual savings of about $42.5 million and Tier 3 banks could reduce costs by about $3.4 million, according to the report.

Quantifind did not respond to FinAi News’ request for comment by press time.

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