Total amount raised
$145M
Latest funding date
2025-02-11
Location
Sardine has raised funds across six rounds, with the latest being a $70M Series C in February 2025 led by Activant Capital and joined by eight additional investors. The company specializes in AI-driven risk management, focusing on fraud prevention, credit risk, and compliance.
What Is Sardine?
Sardine is a company that specializes in fraud prevention and compliance software for the digital economy. It operates in the fields of cryptocurrency, FinTech, fraud detection, and software. The company is based in Miami, Florida, and has a workforce of 101-250 employees.
Founded to address the growing need for AI-driven risk management, Sardine offers a comprehensive platform that includes fraud prevention, KYC/AML compliance, transaction monitoring, and bot detection. The company's innovative solutions help banks, online retailers, and fintech companies automate risk decisioning and protect their customers from scams.
How Much Funding Has Sardine Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: August 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company and build a foundational team.
- Seed Round
- Amount Raised: USD 4,600,000
- Date: March 2021
- Lead Investors: XYZ Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of their AI-driven fraud prevention platform.
- Series A
- Amount Raised: USD 19,500,000
- Date: February 2022
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and scale operations.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: August 2022
- Lead Investors: FIS Impact Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop specialized fraud detection tools via the FIS Fintech Accelerator program.
- Series B
- Amount Raised: USD 51,500,000
- Date: September 2022
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance AI infrastructure and support rapid customer growth.
- Series C
- Amount Raised: USD 70,000,000
- Date: February 2025
- Lead Investors: Activant Capital
- Valuation at Round: USD 660,000,000
- Motivation Behind the Round: To scale AI infrastructure, introduce intelligent agents, and enhance the efficiency of risk and compliance teams.
Total Amount Raised: At least USD 145,600,000 based on disclosed funding. Current Valuation: USD 660,000,000.
Key Investors
- Activant Capital
- Details: Activant Capital is a global growth equity firm that invests in high-growth technology companies. They led Sardine's Series C funding round in February 2025.
- Investment Focus Areas: Technology, e-commerce, financial services.
- Notable Investments: Bolt, Deliverr, Better.com.
- Andreessen Horowitz
- Details: Andreessen Horowitz (a16z) is a stage-agnostic venture capital firm. They led Sardine's Series A (via GP Angela Strange) and Series B (via a16z Growth, led by Alex Immerman), and participated in Series C.
- Investment Focus Areas: Technology, software, financial services.
- Notable Investments: Facebook, Airbnb, Coinbase.
- Nyca Partners
- Details: Nyca Partners is a venture capital firm focused on fintech innovation. They participated in Sardine's Series A, Series B, and Series C rounds.
- Investment Focus Areas: Financial technology, services.
- Notable Investments: Acorns, Affirm, Revolut.
- Google Ventures (GV)
- Details: Google Ventures, the venture capital arm of Alphabet Inc., participated in Sardine's Series B and Series C rounds.
- Investment Focus Areas: Technology, life sciences, artificial intelligence.
- Notable Investments: Uber, Slack, Nest.
- Geodesic Capital
- Details: Geodesic Capital is a venture capital firm that focuses on growth-stage technology companies. They participated in Sardine's Series C round.
- Investment Focus Areas: Growth-stage technology, financial services.
- Notable Investments: Airbnb, Square, Uber.
What's Next for Sardine?
Sardine is poised to capitalize on the growing demand for AI-driven fraud prevention and compliance solutions. With a robust platform that leverages device intelligence, behavior biometrics, and machine learning, the company is well-positioned to automate risk operations, reduce manual workloads, and cut costs for financial institutions. The potential for growth is significant, as evidenced by their 130% year-on-year ARR growth and a customer base that includes over 300 enterprises.
Future fundraising opportunities appear promising, given the successful Series C round and the involvement of high-profile investors. As Sardine continues to expand its AI infrastructure and introduce new intelligent agents, additional funding rounds could further accelerate their growth and market penetration. However, the company will need to navigate challenges such as managing the surge in alert volumes, ensuring compliance with varying regulations, and maintaining the accuracy of their AI models.
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