TrackLight, an El Dorado Hills, CA-based provider of AI-assisted fraud detection and prevention solutions, has secured $3 million in seed funding.
The company also announced the launch of its groundbreaking platform designed to combat fraud across government and corporate sectors.
Investors
The funding round was led by BarronKent and Growth Factory.
BarronKent is a private family office that invests in entrepreneurs to make a positive impact. They manage a private investment portfolio that includes technology, real estate, professional staffing, and private equity.
Growth Factory, based in California, USA, provides funding and consultation services to business startups. It offers resources and mentorship on business development to company founders.
TrackLight Use of Funds
The company will use the funding to accelerate the development of its platform and enhance sales and marketing efforts.
About TrackLight
TrackLight provides AI-powered fraud detection and prevention solutions for governments and businesses. TrackLight’s mission is to create a safer, more transparent world by empowering organizations to proactively detect and prevent fraud. The TrackLight Suite includes Due Diligence, Social Network Analysis, Fraud Analytics, and Case Management. Supported by Ray, its AI co-pilot, TrackLight users benefit from reviews of over 1 billion open-source intelligence records and 3,000 fraud schemes.
Funding Details
Company: TrackLight, Inc.
Raised: $3.0M
Round: Seed Round
Funding Month: June 2024
Lead Investors: BarronKent, Growth Factory
Additional Investors:
Company Website: https://tracklight.ai/
Software Category: Fraud Detection and Prevention Solutions
Source: https://www.businesswire.com/news/home/20240624035579/en/