Total amount raised
$51.5 Millions
Latest funding date
9/1/2022
Location
Sardine has successfully raised significant funding across multiple rounds, positioning itself as a key player in the AI-driven risk management sector. The platform specializes in fraud prevention, credit underwriting, and compliance, offering a comprehensive suite of services to mitigate risk and enhance security.
Keep reading to delve into the details of Sardine's fundraising journey and discover the investors who are backing this innovative platform.
What Is Sardine?
Sardine is an AI-driven risk platform that focuses on fraud prevention, credit management, and compliance. Founded in 2020, the company is headquartered in San Francisco, CA.
The platform automates risk decisioning, detects fraud, ensures compliance with KYC/AML regulations, and protects customers from scams. Sardine's comprehensive suite of services is designed to mitigate risk and enhance security for businesses.
Founded by Soups Ranjan and Aditya Goel, Sardine has grown to employ over 50 people, making significant strides in the AI-driven risk management sector.
How Much Funding Has Sardine Raised?
- Seed Round
- Amount Raised: $4.6M
- Date: March 2021
- Lead Investors: XYZ Venture Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial AI-driven risk management platform and attract early adopters.
- 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 the foundational technology.
- Series A
- Amount Raised: $19.5M
- Date: February 2022
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and expand the team.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: August 2022
- Lead Investors: FIS Impact Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and enter new markets.
- Series B
- Amount Raised: $51.5M
- Date: September 2022
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop AI capabilities and expand customer base.
- Series C
- Amount Raised: $70M
- Date: February 2025
- Lead Investors: Activant Capital
- Valuation at Round: $660M
- Motivation Behind the Round: To scale AI infrastructure and enhance risk management capabilities.
Total Amount Raised: $145.6M. Current Valuation: $660M.
Key Investors
- Activant Capital
- Details: Activant Capital is a venture capital firm that led Sardine's Series C funding round. They focus on high-growth technology companies and have a strong interest in AI-driven platforms.
- Investment Focus Areas: AI-first risk platforms, digital economy infrastructure, high-growth technology companies.
- Notable Investments: Not publicly disclosed.
- Andreessen Horowitz
- Details: Andreessen Horowitz is a prominent venture capital firm known for its investments in technology companies across various stages. They participated in multiple funding rounds for Sardine.
- Investment Focus Areas: Technology, AI-driven fraud and compliance solutions, data science.
- Notable Investments: Facebook, Airbnb, Slack.
- Nyca Partners
- Details: Nyca Partners is a venture capital firm specializing in fintech investments. They have been involved in Sardine's funding rounds, supporting its growth in the risk management sector.
- Investment Focus Areas: Fintech, financial technology, innovative financial solutions.
- Notable Investments: Acorns, Affirm, Betterment.
- Google Ventures
- Details: Google Ventures, also known as GV, is the venture capital arm of Alphabet Inc. They invest in technology and innovative companies, including Sardine.
- Investment Focus Areas: Technology, innovation, AI-driven solutions.
- Notable Investments: Uber, Nest, Flatiron Health.
- Geodesic Capital
- Details: Geodesic Capital is a venture capital firm that focuses on growth-stage technology companies. They have participated in Sardine's funding rounds, supporting its AI-driven risk management platform.
- Investment Focus Areas: Growth-stage technology, real-time threat detection, risk management.
- Notable Investments: Airbnb, Square.
What's Next for Sardine?
Sardine is poised to capitalize on the growing demand for AI-driven fraud prevention and compliance solutions. With a customer base of over 300 enterprises and a recent $70 million funding round, the company is well-positioned to expand its suite of AI agents, streamline risk operations, and enhance real-time threat detection. The potential for significant revenue growth is evident as financial institutions increasingly seek automated solutions to reduce manual workloads and cut costs.
Future fundraising opportunities appear promising, given Sardine's impressive 130% year-over-year ARR growth and strong investor backing. The company may attract further investments to scale its AI infrastructure and enter new markets. However, challenges such as managing high alert volumes, ensuring regulatory compliance, and competing with other AI platforms remain. Navigating these hurdles will be crucial for Sardine's continued success and market expansion.
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