New York-based Castellum.AI, a global risk data platform provider, has successfully raised $4 million in seed funding. The company, led by CEO Peter Piatetsky, offers a B2B SaaS compliance platform designed to identify financial crime risk, using innovative data enrichment technology to reduce false positives.

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Castellum.AI's global database covers a range of risk data categories, including sanctions, PEPs, and adverse media, aiding users in customer screening and compliance with AML and terrorist financing regulations. The funds will be used to scale up the technology and expand its reach to cater to large enterprises.

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Since its Beta launch in March 2022, Castellum.AI has experienced remarkable growth, with over 1,250% user expansion, Fortune 500 clients, and government customers, all benefiting from its regulatory compliance solutions. Additionally, the company has provided crucial data to over 100 news organizations and NGOs, contributing to informed discussions about financial crime risk.

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