Hawk AI, a Munich-based provider of anti-money laundering (AML) and fraud prevention technology for banks and payment companies, recently announced the closing of a USD 17 million Series B financing round to speed up product development and international expansion.
DN Capital, Coalition, BlackFin Capital Partners, and Picus Capital were among the new and existing investors who took part in the funding round, which was headed by Sands Capital of Washington, D.C. Financial institutions can fight financial crime with the aid of Hawk AI.
The company’s surveillance platform, which is supported by effective investigation of suspicious account behavior in a user-friendly case management environment and is powered by Explainable AI and based on flexible cloud infrastructure, assists financial institutions in identifying and preventing financial crime that other systems miss.
Read More: Hawk AI Accelerates Global Expansion With $17 Million Series B
