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Baselayer has raised $20M in Series A funding from Koro Capital and M13 to enhance its AI platform for automating business risk assessment and fraud prevention.

PRIVATEAug 03, 20266 days ago

Amount Raised

$20 Million

Round Type

Series A

New YorkArtificial Intelligence

Investors

M13Koro Capital

Description

Baselayer, an AI platform that automates business risk assessment and fraud prevention for financial institutions and government agencies, has secured $20M in Series A funding. This round was led by investors Koro Capital and M13. Founded by Jonathan Awad, Timothy Hyde, and William Slessman in 2023, Baselayer has now raised a total of $47M in reported equity funding.

Company Information

Company

Baselayer

Location

New York, New York, United States

About

Baselayer is an innovative B2B platform utilizing proprietary artificial intelligence technology to reduce fraud, automate business onboarding for SMBs, and increase security throughout the entire banking system. Its platform transforms the silo of data sharing that has previously existed across financial institutions to elevate levels of customer confidence and provide an enhanced sense of security to all banks across the country.

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Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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