Incubation/Acceleration
Anti-money laundering tech co. InsightAI raises Rs.1.1 Cr led by PedalStart
New Delhi-based anti-money laundering (AML) technology startup InsightAI.in has raised INR 1.1 crore in pre-seed funding from PedalStart and a group of angel investors.Founded by IIT alumni Akash Chandra and Vivek Kumar, InsightAI focuses on automating AML case investigations for banks and payment firms. The startup’s platform integrates artificial intelligence into financial compliance systems, aiming to enhance the speed and accuracy of case analysis while ensuring regulatory adherence. The company is currently working with a UAE-based bank and intends to establish a regional base in Dubai to expand its presenceThe funding will be used to strengthen data protection and auditability features, build a sales pipeline in India and the Middle East, hire talent in areas such as AI development, infrastructure, and business strategy and to improve its AI-based compliance investigation platform.
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