I am excited to announce that Greenlite AI has secured $15 million in Series A funding, bringing our total funding to $20 million. This investment marks a pivotal moment in our mission to help finance move faster with a powerful and trustworthy AI workforce.
Our funding round was led by Greylock with participation from Thomson Reuters, Canvas Prime, and Y Combinator, and notable angel investors, including the former CEO of Fannie Mae.
Scaling Finance through Compliance
Financial services is the largest and most complicated industry in the world. Every year $30T of value is transferred around the world across billions of entities. Underpinning this system, however, is an often-brittle system of COBOL mainframes, Excel spreadsheets and large-scale manual operations.
Our ambition is to change the way finance is staffed – moving from a world of largely manual operations to efficient, accurate and highly performant agents. In doing this, we allow banks, payment platforms and brokerages alike to offer compliant products to more people around the world.
We’re starting with the most manual part of many firms – compliance.
Millions of compliance professionals every year are stuck doing manual operations daily – from clearing alerts to reviewing documents to writing complex reports. By automating manual tasks like these, Agents will unlock those professionals to tackle more proactive, strategic and risk-mitigating work. Agents + human expertise will allow financial institutions to not just meet regulatory requirements, but to create innovative solutions for complex compliance challenges.
We’re already seeing this in action. Today, Greenlite AI’s agents are trusted by OCC-regulated banks, SEC-regulated broker-dealers, and Fortune 500 companies to automate repetitive work and free up compliance capacity for true risk mitigation. Customers include Ramp, Mercury, Betterment, Gusto, RSM UK, and multiple U.S. banks. Banks like Grasshopper Bank are reducing their time on repetitive workflows by as much as 70%, which allows compliance experts to focus on advising the business and building strong regulatory relationships.
Our most popular AI agents today streamline anti-money laundering (AML), Know Your Customer (KYC) and Sanction review processes. Agents complete end-to-end workflows more efficiently, accurately and with greater auditability than other staffing methods like outsourced compliance teams or managed services.
Built for highly regulated financial institutions
A head of financial crime at one of our customers told me, “Efficiency is great, but if I can’t explain your AI to my regulators, I don’t care about your solution.” We hear feedback like this time and time again – and it’s why Greenlite AI agents are all deployed atop our proprietary Trust Infrastructure which embeds model validation, accuracy guardrails, and audibility into each agent’s foundations.
It is a rich testing, governance and accuracy suite designed to adhere to banking regulatory guidelines like OCC 2011-12 and NYDFS 504. This is what gives large financial institutions the confidence to safely roll out automation and free up human capacity for higher-value work. This is why Greenlite AI is trusted by US banks regulated by all of the major federal regulators – including the OCC, FDIC and the Federal Reserve System.
Regulatory-First is one of our core values and is reflected deep into our product suite.
AI Agents for Financial Services
Our Series A will allow for engineering team growth, go-to-market scaling and deepening partnerships with top financial institutions. Our immediate focus is addressing the waitlist of banks and fintechs looking to deploy AI agents into their compliance operations. We will use the new funding to scale ourits proprietary Trust Infrastructure, invest in new agent archetypes, expand our regulatory presence, and grow our engineering, go-to-market, and partnerships teams.
Our ambition is to become the primary way of staffing a financial institution. By leading this transition, we will enable firms of all sizes to compliantly serve more customers with incredible financial products.
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