Axle Automation, a San Francisco, CA-based provider of AI-driven solutions for compliance teams, has secured $2.5 million in seed funding.
Investors
The round was led by Diagram Ventures, with additional participation from Mistral Ventures, Uphonest Capital, StreamingFast, and other strategic angel investors.
Diagram is a Venture Builder and Investor with over $350M in assets under management, specializing in launching and scaling ventures in Fintech, Web3, and ClimateTech. Since 2016, Diagram has collaborated with exceptional founders to launch more than 20 ventures, combining access to capital, hands-on support, and a deep ecosystem of partners to catalyze the growth of world-changing companies.
Axle Automation Use of Funds
The company will use the funding to expand the team and enhance its AI-powered compliance solutions aimed at fintechs, banks, and other financial institutions.
About Axle Automation
Axle Automation provides AI-powered solutions for anti-money laundering (AML) compliance, dedicated to revolutionizing the way financial institutions combat financial crime. Leveraging cutting-edge AI technology, Axle empowers organizations to streamline AML processes, enhance regulatory compliance, and mitigate risk with unparalleled efficiency and accuracy.
Funding Details
Company: Axle Automation, Inc.
Raised: $2.5M
Round: Seed Round
Funding Month: July 2024
Lead Investors: Diagram Ventures
Additional Investors: Mistral Ventures, Uphonest Capital, StreamingFast
Company website: https://www.axleruns.com/
Software Category: Automation/Workflow
Source: https://www.businesswire.com/news/home/20240729061683/en