September 6, 2024: Sedric AI Secures $18.5M for Compliance Expansion - Sedric AI raises $18.5M in a Series A round led by Foundation Capital to expand its compliance-dedicated LLM platform for financial services. The funding will boost its AI lab in Tel Aviv and broaden marketing teams. With solutions like AI reviewers and compliance copilots, Sedric helps fintech companies adhere to dynamic regulations while turning compliance risks into growth opportunities. The new round brings its total funding to $22M, with significant revenue growth signaling rising demand.
