Greenlite AI Raises $15 Million in Series A Funding to Revolutionize Financial Compliance
Greenlite AI, a leader in AI-powered compliance solutions for the financial services sector, today announced the successful completion of a $15 million Series A funding round, bringing the total capital raised to $20 million.
This marks a significant milestone in the company's journey to redefine how financial institutions combat financial crime and streamline compliance processes. The funding round was led by Greylock Partners and includes additional investment from Thomson Reuters Ventures, among other strategic partners.
Transforming Compliance with AI Agents
At the core of Greenlite AI's platform is its Trust Infrastructure, which is a patented framework that combines US federal banking regulatory directions, such as OCC 2011-12 and NYDFS 504, into the core foundation of each AI agent. It allows financial institutions to robotically enable mission-critical compliance processes with unparalled precision and regulatory compliance. Areas of emphasis include Know Your Customer (KYC), Anti-Money Laundering (AML), and sanctions compliance.
The solution enables institutions to lower operational expenses, minimize risks, and expand compliance operations in an efficient manner without incurring meaningful headcount. Greenlite's AI agents undertake activities like alert triage, customer risk scoring, and transaction monitoring with full auditability and delivering actionable insights.
Key Features and Impact
Greenlite AI boosts compliance efficiency by automating data checks, cutting task time by 96%, from 150 to 5 minutes for companies processing 50 daily orders. Used by major firms like Ramp, Mercury, and SEC/OCC-regulated institutions, it has helped reduce due diligence review time by 70% and supported market expansion. Its Trust Infrastructure ensures full compliance with financial regulations.
Expanding Market Reach
With this new funding, Greenlite AI plans to accelerate the scaling of its Trust Infrastructure and further its expansion into more regulatory markets. The company will continue to develop new AI agent archetypes and extend its presence in the financial services sector. In addition, the company will focus on strengthening its engineering, go-to-market, and partnerships teams.
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Endorsements and Expert Insights
Seth Rosenberg, Partner at Greylock and Board Member at Greenlite AI, said, "Greenlite AI's agents are reducing the manual burden on compliance teams, and their unparalleled accuracy is helping organizations scale without adding headcount.”
He added, "It is a privilege to be partners to Will and team, and we're proud to double down on our support of the company as they raise the bar for what trustworthy compliance looks like in today's AI era.”
Greenlite AI aims to become the default solution for financial institutions looking to automate compliance in a cost-effective, scalable, and regulatory-compliant manner. The company’s agents are designed to replace costly, error-prone workflows and provide organizations with an AI-powered, transparent, and explainable alternative.
