Silent Eight, a Singapore-based provider of AI enhanced economic sanctions enforcement and financial crime prevention solutions, closed a $40m Series B funding round.
The round was led by TYH Ventures with participation from HSBC Ventures, OTB Ventures, Wavemaker Partners, SC Ventures (Standard Chartered Bank’s venture unit), Aglaia, and Koh Boon Hwee, Chairman and General Partner of Altara Ventures. Kolya Miller from TYH Ventures is joining the board.
The company intends to use the funds to expand technology functions in support of its customer base, expecting to hire over 150 data scientists, developers and engineers in 2022.
Led by Martin Markiewicz, CEO and Founder, Silent Eight is a technology company leveraging AI to create compliance platforms for financial institutions to investigate every suspicious transaction, beneficiary, and customer in real-time and fight to eliminate financial crime. Founded in Singapore and with global hubs in New York, London, and Warsaw, the platform is deployed in over 150 markets.
FinSMEs
10/03/2022