HawkAI raises $17M in 2nd round funding
MUCHEN, GERMANY — Anti-money laundering and surveillance artificial intelligence (AI) service provider HawkAI recently received $17 million in Series B funding.
The funding came from Sands Capital, DN Capital, Coalition, BlackFin Capital Companions, and Picus Capital. The newly-raised funding would assist Hawk AI “change into the main international surveillance platform.”
“My co-founder Wolfgang Berner and I began this enterprise primarily based on the robust perception that solely forefront, real-time surveillance expertise can ship the change wanted to battle monetary crime,” Hawk AI CEO and co-founder Tobias Schweiger said.
“This contrasts (with) the apparent, drastic deficiencies in legacy expertise. Hawk AI’s development will proceed to be fueled by industry-wide demand for AI, cloud outsourcing, and a convergence of fraud and AML expertise,” Schweiger said.
Hawk AI offers AI-assisted technology that helps detect financial crimes.
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