Sardine, a leading AI-driven risk platform specialising in fraud prevention, compliance, and credit underwriting, has raised $70m in a Series C funding round.
The company, which helps financial institutions combat fraud and streamline risk operations, has now secured a total of $145m in funding.
The investment round was led by Activant Capital, with participation from Andreessen Horowitz, Nyca Partners, Google Ventures, Geodesic Capital, Cross Creek Capital, Moody’s Analytics, Experian Ventures, and NAventures.
Sardine provides AI-powered solutions to automate fraud detection, sanctions screening, and compliance processes for financial institutions. The platform, which has profiled over 2.2 billion devices, enables companies to mitigate risk, enhance credit decisioning, and reduce manual workloads for risk teams. More than 300 enterprises, including FIS, Ascensus, Deel, GoDaddy, and X, rely on Sardine to combat financial crime and optimise risk management.
Sardine has seen significant traction, achieving 130% year-on-year ARR growth in 2024 and nearly doubling its customer base.
Sardine CEO Soups Ranjan said, “Risk teams are stretched to their limits, and the workload keeps growing. Alert volumes have surged 800%, compliance hiring can’t keep up, and analysts are stuck in an endless cycle of manual reviews. But it’s not just the scale—it’s the nature of the work.
“Clearing transaction alerts, verifying onboarding cases, and investigating fraud rings are all highly repetitive yet mission critical tasks. Sardine’s AI agents automate the most time-consuming parts of risk operations, helping teams move faster, reduce false positives, and focus on stopping real threats. With this investment, we’re scaling AI infrastructure to make risk teams more efficient and better equipped to combat the scale of modern financial crime.”
Investors and industry leaders have expressed strong support for Sardine’s technology and its potential to transform risk management. Activant Capital partner Andrew Steele said, “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.
“In an era where AI is supercharging financial crime, their ability to connect billions of data points across fraud, compliance, and risk creates a massive advantage. We’ve witnessed their exceptional execution firsthand over the past few years, and believe they’re becoming the essential infrastructure layer for trust in the digital economy.”
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