Baselayer Raises $20M Series A

Baselayer, a New York-based startup providing AI-driven business verification tools, has secured $20 million in a Series A funding round. This latest injection of capital brings the company's total funding to approximately $47 million.

Investors

The Series A round was co-led by Koro Capital and Santa Monica-based M13.

Baselayer Use of Funds

Baselayer plans to use the new capital to enhance its AI-driven business verification platform and expand its reach among banks, fintech companies, and government agencies to help automate risk checks.

About Baselayer

Founded in 2023 by Jonathan Awad, Timothy Hyde, and William Slessman, Baselayer provides an AI-powered platform for Know Your Business (KYB) processes. The software helps financial institutions replace manual reviews with automated onboarding, risk assessment, and continuous portfolio monitoring for sanctions, fraud, and entity changes.

Funding Details

Company Website: https://baselayer.com

Company: Baselayer
Raised: $20M
Round: Series A
Funding Date: August 10, 2026
Lead Investor: Koro Capital, M13
Company Website: https://baselayer.com
Software Category: Fintech
Source: https://www.citybiz.co/article/886247/baselayer-secures-20m-series-a-to-enhance-ai-driven-business-verification/