Silent Eight, an artificial intelligence (AI) anti-money laundering (AML) and counter-terrorism financing (CFT) firm, has raised $6.2 million in Series A funding.
The round, lead by Wavemaker Partners, also saw participation from Standard Chartered’s SC Ventures. The bank implemented Silent Eight’s platform into its systems in 2018 following a successful proof-of-concept.
Silent Eight plans to use the fresh cash to build up staff in New York, Singapore and London. The company aims to double its headcount by the end of Q1 2020.