Hawk AI, a German company developing anti-money laundering (AML) and tangential fraud prevention smarts for financial institutions, has raised $17 million in a Series B round of funding.
Prior to now, Hawk AI had raised $10 million, and with a fresh $17 million in the bank, the company said that it plans to bolster its product development and global expansion plans. The Series B round was led by Sands Capital, with participation from Picus Capital, DN Capital, Coalition, and BlackFin Capital Partners.
It’s estimated that up to $2 trillion of ill-gotten gains are laundered each year, representing as much as 5% of global GDP, with Read Entire Article
