Quantifind Raises $200M to Fight Financial Crime With AI

Quantifind closed a $200 million growth investment to push its AI-native risk intelligence platform deeper into Europe, Asia-Pacific and the Americas. Summit Partners led the round, with Citi Ventures, S&P Global, Deloitte and Stephens Group joining.

The company's Graphyte platform uses internal and external data with purpose-built language models to power agentic middleware for financial crime investigations, according to a Friday press release. It is used by multinational banks and government agencies.

CEO and Co-Founder Ari Tuchman said in the release that modern financial crime operations need accuracy, speed, scale and explainability at the same time, with no acceptable tradeoff among them in regulated environments. He said success as AI transforms risk operations will depend on governed AI systems grounded in trusted intelligence and human oversight.

Summit Partners Managing Director Chris Dean said AI-native risk intelligence is becoming fundamental for financial institutions and government agencies. He said Quantifind's platform meets this need with high-precision intelligence, explainability and enterprise-grade scalability.

The investment comes as financial institutions face a shifting risk landscape. A PYMNTS Intelligence report found 46% of these institutions said they are dealing with increasingly sophisticated fraud, and 47% said they were managing regulatory pressures. In response, 68% said they increased fraud-detection budgets year over year, deploying a mix of outsourcing, cloud-based platforms, new in-house systems, deep learning and machine learning.

Quantifind will use the capital to strengthen regional partnerships, advance regulatory alignment and extend localized risk intelligence capabilities, the release said.