Sardine Raises $70 Million to Build Fraud-Fighting AI Agents (1)

Sardine, a risk platform tackling fraud, compliance and credit underwriting for enterprise clients, said it raised $70 million in equity funding that will be used to help expand the startup’s suite of artificial intelligence agents targeting automated compliance and risk processes.

The round, which the company says gives it a $660 million valuation, was led by Activant Capital with participation from investors including Andreessen Horowitz, Nyca Partners, Google Ventures and Geodesic Capital. The additional funding brings Sardine’s total capital raised to $145 million, the San Francisco-based company said.

As regulators encourage financial institutions to keep close tabs on sanctions evasions, ...