AIBankingBusiness

Arteria AI bags $30m to help financial institutions extract data from documentation

  • Arteria AI, a Toronto-based tech start-up, secures $30 million in a Series B funding round led by GGV Capital.
  • Existing investors, including Illuminate Financial, Information Venture Partners, BDC Capital, and Citi, also participated, bringing the total funding to $50 million.
  • Arteria AI specializes in financial services-focused AI, automating manual documentation processes in trading, lending, and asset management for improved efficiency and client experience.
  • The company’s AI platform extracts and structures valuable data from documents, facilitating real-time data flow and analytics for decision-making.
  • Founded in 2020, Arteria AI tripled its recurring revenue in the past year, driven by increasing demand from banks.
  • With operations in New York, London, and Toronto, Arteria AI plans to use the funding to further develop its technology and expand its market presence.
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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