{"id":102418,"date":"2024-06-19T15:52:00","date_gmt":"2024-06-19T13:52:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=102418"},"modified":"2024-06-21T15:47:29","modified_gmt":"2024-06-21T13:47:29","slug":"hawk-ai-series-b-expansion","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/102418\/hawk-ai-series-b-expansion\/","title":{"rendered":"Hawk AI expands Series B financing"},"content":{"rendered":"
\n

Hawk AI has developed anti-money laundering (AML) software that uses artificial intelligence to identify patterns of suspicious activity in financial transactions. The Munich-based startup provides anti-money laundering experts with highly relevant, actionable alerts. The solution aims to reduce the false positive rate by over 70 percent compared to traditional approaches. the startup founded in 2018<\/a> Enable financial institutions to comply with regulations at significantly lower costs.<\/p>\n\n\n\n

With the expansion of its Series B round, Dutch Rabobank joins existing investors Blackfin Capital Partners, Sands Capital, DN, Picus, and Coalition. Hawk AI plans to use the additional funds to further accelerate its international growth. The startup reports a sharp increase in demand for AI-powered technology to combat financial crime.<\/p>\n\n\n\n

The company says it currently monitors and verifies billions of transactions worldwide, but there's still plenty of room for growth. The World Payments Report from Capgemini<\/a> estimates the volume of cashless transactions worldwide to be around 1.3 trillion in 2023. A volume of approximately 2.2 trillion transactions is expected for 2027.<\/p>\n\n\n\n

Hawk AI delivers technology that is \u201csafe and reassuring for companies in the financial sector\u201d<\/h2>\n\n\n\n

Martijn Scholtes<\/strong>, Managing Director at Rabo Investments, explains:<\/p>\n\n\n\n

\n

"Rabobank has been working with machine learning applications for many years. What impressed us most about Hawk is their ability to deliver compelling results with explainable AI. Their advanced screening, detection, and monitoring capabilities align very well with our mission to build a safer and more robust financial ecosystem."<\/p>\n<\/blockquote>\n\n\n\n

Also Maxime Mandin<\/strong>, Managing Director at existing investor Blackfin Capital Partners, praises the Munich-based company:<\/p>\n\n\n\n

\n

"What makes Hawk special is its ability to deliver innovative technology in a way that is safe and reassuring for businesses in the financial sector. It's exciting to see their results, and we're very pleased to be involved in their continued growth."<\/p>\n<\/blockquote>\n\n\n\n

And Tobias Schweiger<\/strong>, CEO of Hawk, says:<\/p>\n\n\n\n

\n

"We are honored that Rabobank has recognized the importance of our technology and is partnering with us to build a global market-leading company, while benefiting firsthand from our solutions and experience. I would also like to thank our existing investors for their continued support and look forward to continuing our partnership."<\/p>\n<\/blockquote>\n<\/div>","protected":false},"excerpt":{"rendered":"

At the beginning of 2023, Hawk AI raised \u20ac15.6 million ($17 million) in its Series B financing. Now the software startup is expanding the round by an undisclosed amount. Rabobank is joining as a new investor.<\/p>","protected":false},"author":33,"featured_media":88720,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1],"tags":[52,4333],"acf":[],"yoast_head":"\nHawk AI erweitert Series-B-Finanzierung - Munich Startup<\/title>\n<meta name=\"description\" content=\"Das Software-Startup Hawk AI erweitert seine Series-B-Runde um eine nicht genannte Summe. 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