The round was led by Washington DC-based Sands Capital and saw participation from new and existing investors including DN Capital, Coalition, BlackFin Capital Partners and Picus Capital.
Hawk AI CEO and co-founder Tobias Schweiger says: “Hawk AI’s growth will continue to be fuelled by industry-wide demand for AI, cloud outsourcing, and a convergence of fraud and AML technology.”
The firm’s surveillance platform leverages “explainable AI” and the cloud to provide actionable solutions to financial crime teams.
