Financial fraud remains a persistent challenge for institutions, leading to extensive efforts in risk management and compliance. Sardine, a company focused on AI-driven fraud detection and compliance solutions, has raised $70 million in a Series C funding round. This investment aims to expand its AI risk platform, improving fraud prevention, compliance procedures, and credit underwriting. The company plans to introduce new AI agents to automate critical financial security tasks, reducing inefficiencies in risk management. Sardine’s technology relies on device intelligence, behavioral biometrics, and machine learning to identify fraudulent activities in real time.
Earlier investments in Sardine have supported the development of AI agents to combat fraud, but this funding round is one of the most significant so far. The company has previously partnered with financial institutions to enhance fraud detection using behavioral data. Over time, its platform has evolved to process a larger volume of data, refining its fraud detection capabilities. The latest funding will further accelerate this progress, allowing the company to scale its operations and increase its global reach.
What new AI agents has Sardine introduced?
The company has launched four new AI agents to streamline risk management. These include a know-your-customer (KYC) onboarding agent, which simplifies customer verification, and a sanctions screening agent designed to assist compliance teams in evaluating potential risks. Additionally, the merchant risk agent automates risk assessment and credit decisions for merchants, while the disputes agent handles chargebacks and dispute resolution in financial transactions. These AI-driven tools are expected to enhance efficiency in fraud prevention and compliance monitoring.
How does Sardine’s AI platform improve fraud prevention?
Sardine’s AI technology monitors user behavior and device data when individuals interact with financial platforms. It detects suspicious activity by analyzing factors such as typing patterns, location inconsistencies, and the use of anonymity tools. This proactive approach allows financial institutions to prevent fraudulent transactions before they occur. By leveraging billions of data points, the company helps businesses make more informed risk assessments.
The $70 million funding round was led by Activant Capital, which has been a strong supporter of AI-driven financial security solutions.
“We’re doubling down on Sardine because they’ve built what the market desperately needs: the AI-first risk platform that gets smarter with every transaction,” said Andrew Steele, partner at Activant Capital.
With the increasing sophistication of financial fraud, companies are looking for advanced AI-driven solutions to stay ahead of threats.
CEO Soups Ranjan emphasized the company’s long-term objective in addressing financial security challenges.
“This funding will accelerate our mission to rebuild trust in financial services. We’re expanding our enterprise capabilities, growing globally and advancing our AI agent platform,” Ranjan stated.
Sardine has profiled over 2.2 billion devices and continues to refine its technology to improve detection accuracy and efficiency.
Financial institutions face increasing threats from fraud, requiring continuous innovation in risk management. AI-powered fraud detection platforms like Sardine offer a solution by providing real-time monitoring and automated compliance processes. As fraudsters adopt more advanced tactics, companies must enhance their security frameworks to prevent losses and protect consumers. Sardine’s expansion indicates a growing reliance on AI in financial security, with institutions seeking more efficient methods to mitigate risks. The company’s progress in AI-driven fraud detection suggests that automation will play an even greater role in financial compliance strategies in the coming years.
