Hawk AI, a prominent player in the FinTech industry, has announced a significant boost to its Series B funding today, resulting in an increased valuation.
The extended funding round saw a notable contribution from Rabo Investments, alongside continued support from previous investors such as BlackFin Capital Partners, Sands Capital, DN, Picus, and Coalition. This financial backing underscores the growing confidence in Hawk’s innovative technologies and its potential for international expansion.
Hawk AI is dedicated to enhancing the financial crime detection and prevention capabilities of financial institutions through its advanced, explainable AI technology. This technology not only increases the effectiveness of these institutions but also ensures they meet AML/CFT regulatory compliance—a crucial factor in today’s financial ecosystem.
The new funds will primarily be utilized to accelerate Hawk AI’s international growth, capitalizing on the soaring demand for AI-powered anti-financial crime technologies. This strategic investment will enable Hawk AI to further refine its AI solutions, enhancing its screening, detection, and monitoring capabilities across global markets.
Additionally, the funding will support Hawk AI’s mission to build a secure and robust financial ecosystem, as highlighted by endorsements from new and existing investors who praise the company’s impactful and secure technological advancements.
Rabo Investments’ Managing Director, Martijn Scholtes, commented on their decision to invest: “What impressed us most about Hawk AI is that they’re delivering compelling results using explainable AI. Their advanced screening, detection, and monitoring capabilities align very well with our mission to build a more secure and robust financial ecosystem.”
Maxime Mandin, Managing Director at BlackFin Capital Partners, also shared, “What is exceptional about Hawk AI is their ability to deliver innovative technology in a way that is safe and reassuring for enterprises in the financial sector. It’s exciting to see the results they’re delivering, and we’re very pleased to be part of their continued growth.”
CEO of Hawk AI, Tobias Schweiger, expressed his gratitude, stating, “We’re honored that Rabobank has recognized the significance of our technology and joins us in building a global market-leading enterprise, while also benefiting first-hand from our solutions and experience. I would also like to gratefully thank our existing investors for their ongoing support and look forward to continuing our partnership.”
In prior funding rounds, Hawk AI has consistently attracted significant investments, underscoring its growing influence and capability within the FinTech sector.
Source: fintech.global
