Company Name: Castellum.AI
Location: New York City, NY
Sector: FinTech - Global Risk Data Platform Provider
Funding Details: Raised $4M in seed funding
Lead Investors: Spider Capital
Participating Investors: NewFund, Remarkable Ventures, Cameron Ventures, and a mix of new and existing angel investors.
Purpose of Investment: Enhance and scale the existing software technology to cater to large-scale enterprises, invest in product and engineering, and allocate resources to reach new users.
Leadership: Peter Piatetsky (CEO and Co-founder)
About Company: Castellum.AI stands at the forefront of financial crime risk detection with its B2B SAAS compliance platform. Businesses utilize its unique patent-pending data enrichment technology to sift through false positives effectively. The company's vast global database encompasses data from sanctions, PEPs, adverse media, and other risk-related sectors. This enables businesses to conduct seamless customer screenings, ensuring adherence to AML and terrorist financing regulations. The company facilitates screening through various channels: an online platform, APIs, and data subscription services.
Product and Services:
- Risk Database: Extensive database covering sanctions, PEPs, adverse media, and more.
- Data Enrichment: Patent-pending technology for reducing false positives.
- Screening Platforms: Accessible through online platforms, APIs, and subscription services.
Since its Beta introduction in March 2022:
- User growth soared by over 1,250%.
- Successfully onboarded Fortune 500 customers, which include top-tier banks, insurance companies, and global government entities.
- Assisted clients in achieving excellence in regulatory and audit examinations.
- Over 100 news organizations and NGOs benefited from pivotal data, elevating discussions centered on financial crime risk.
Castellum.AI collaborates extensively with entities within the compliance sector, ensuring a holistic approach to risk detection and management.
Castellum.AI's rapid growth and integration within major enterprises signal its potential to redefine the financial risk detection landscape. By combining technology with compliance, the platform offers businesses an efficient and reliable means to remain vigilant against financial crimes.