Lucinity Raises USD17M in Series B Funding
- Lucinity, a Reykjavik, Iceland-based anti-money laundering (AML) software developer, closed a $17m Series B funding round
- The round was led by Keen Venture Partners with participation from Experian and existing investors, Crowberry Capital, Karma Ventures, and byFounders
- The company intends to use the funds to accelerate growth and geographic coverage for its Human AI technology
- The company provides anti-money laundering (AML) software which leverages a ‘Human AI’ approach, a toolset that combines next-generation AI with human insights and expertise
- By leveraging AI, the AML software learns from every interaction and continues to improve indefinitely, providing fewer false positives and saving time
