Sedric closed $18.5M Series A round

Sedric AI, a compliance-dedicated AI platform for financial institutions, closed an $18.5 million Series A funding round. The round was led by Foundation Capital, with participation from Amex Ventures and existing investors, including StageOne Ventures and The Garage. This brings Sedric's total funding to $22 million.

Founded in 2020, Sedric AI provides an AI-powered compliance platform designed for the financial services industry, offering real-time monitoring and policy enforcement. The company intends to use the new capital to grow its AI lab in Tel Aviv and expand its global go-to-market teams. Sedric's platform features a large language model specifically designed for compliance, aiming to give financial institutions a holistic view of compliance risks across various communication channels and help them quickly identify and correct potential policy breaches.