Sedric AI raised $18.5M in a Series A funding round led by Foundation Capital to expand its AI lab in Tel Aviv and grow global go-to-market teams.
Amount Raised
$18.5 Million
Round Type
Series A
Tel AvivSoftwareArtificial IntelligenceMachine LearningNatural Language ProcessingSaaSInvestors
Description
Sedric AI has closed an $18.5 million Series A funding round aimed at enhancing its compliance-dedicated AI platform for financial institutions. This round, led by Foundation Capital, includes participation from Amex Ventures and signifies a total funding of $22 million to date.
Quick answer
Sedric AI raised $18.5 Million in a Series A round, dated September 5, 2024. Investors: K20 Fund, Secret Chord, Skywell Capital, Gefen Capital, The Garage, Stage One Ventures, Amex Ventures and Foundation Capital. Sedric AI is based in Tel Aviv, Tel Aviv District, Israel.
- How much did Sedric AI raise?
- Sedric AI raised $18.5 Million in a Series A round on September 5, 2024.
- Who invested in Sedric AI?
- K20 Fund, Secret Chord, Skywell Capital, Gefen Capital, The Garage, Stage One Ventures, Amex Ventures and Foundation Capital are named as investors in this round.
- What does Sedric AI do?
- Sedric AI has developed a compliance-dedicated AI platform tailored for financial institutions.
- Where is Sedric AI based and how big is it?
- Sedric AI is based in Tel Aviv, Tel Aviv District, Israel. Fundz records about 49 employees.
- Who are the decision-makers at Sedric AI?
- Fundz holds 1 contact at Sedric AI. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Natural Language Processing and SaaS around the same time
Companies in the same sectors as Sedric AI that raised within 45 days of this round, from Fundz verified event records.
- Alchemyst AI raised $300K (Pre-Seed) on October 16, 2024.
- Billables AI raised $3.9M (Seed) on October 2, 2024.
- OptimHire raised $5M on September 17, 2024.
- Connectly raised $20M (Series B) on September 11, 2024.
- Smartcat raised $43M (Series C) on September 10, 2024.
- Steerlab raised $1.9M (Pre-Seed) on September 3, 2024.
Who to call at Sedric AI, and when
A new round usually means Sedric AI is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Sedric AI raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Sedric AI, from your own LinkedIn network
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Funding Insights
What this usually meansSedric AI raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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