Footprint Raises $25M Series B to Scale AI-Native Financial Crime Defense Platform
aiinsider ·
Footprint has secured $25 million in Series B funding to expand its AI-native financial crime defense platform. The investment round was led by QED, with additional participation from major firms including MUFG, Commerce Ventures, and Index Ventures. The company intends to use the capital to double its engineering and sales teams while advancing two core products: Percy and Trust Fabric. Percy serves as an AI operating system for compliance that automates policies and grounds investigations in trusted data, while Trust Fabric provides governed infrastructure to build organizational memory. Footprint reports significant efficiency gains, reducing watchlist hit reviews from 30 minutes to under a minute and enhancing due diligence speed by over 75%. The platform operates on a human-in-the-loop model where AI agents propose findings for human approval, successfully detecting complex sanctions matches that manual reviewers might miss. This funding comes amidst a surge in global illicit activity, which has reached $4.4 trillion since 2023, driving compliance costs in the US and Canada above $60 billion annually.
aiinsider