Thursday, April 18, 2024
HomeFunding London-based Napier AI Secures £45Milion in Funding

[Funding alert] London-based Napier AI Secures £45Milion in Funding

Crestline Investors participated in the round. The funds will be used by the company to quicken its growth trajectory.

London-based Napier AI secures £45milion in funding. Crestline Investors participated in the round. The funds will be used by the company to quicken its growth trajectory.

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Napier AI, led by CEO Greg Watson, offers AML solutions to the banking, payments, and wealth & asset management sectors through AI-enhanced financial crime and regulatory technology compliance software.

Customers employ its products, which include regulatory reporting features, to screen, monitor, and identify unlawful or suspicious actions.

Read also – Helsinki-based Vapaus Secures €15 Million in a Debt Funding

Greg Watson said: “We are pleased to deliver strong, continuous growth in a challenging market. Financial crime compliance operations and regulatory pressure continue to be large overheads for financial institutions, so there is a need to invest in NextGen AI-enhanced solutions with the benefit of trusted technology and delivery.”

About Napier AI

Napier AI specialise in compliance technologies. Their products successfully integrate big data technologies with artificial intelligence and machine learning to maximise productivity and avoid risk. Their platform is based on extensive experience and deep expertise. All of this culminates in the first completely intelligent compliance platform in the world.

Read also – Copenhagen-based Go Autonomous Secures €10 Million in Series A Round Funding

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