5 years ago

Ripjar Secures £28 Million in Series B Funding to Expand Data Intelligence Platform

  • Ripjar, a UK-based data intelligence company, has raised £28 million in Series B funding from Long Ridge Equity Partners

  • The funding will accelerate new product development, expand Ripjar's data intelligence platform Labyrinth, and grow its sales and marketing presence in Asia, North America, and Europe

  • Ripjar's technology helps leading institutions and government agencies address criminal threats, including money laundering, fraud and terrorism

  • The company has grown rapidly since its founding in 2013 and has doubled in size during the COVID-19 pandemic.

      • ProblemTechnology

      "Financial institutions, corporates and government agencies face ever-increasing risks associated with financial crime and cyber threats. They need to reduce the cost of compliance, while uncovering new threats through automation."

      Solution

      "Ripjar's Labyrinth platform uses proprietary artificial intelligence technology to uncover new risks, and reduces false positives by over 90%. It enables human analysts to make better informed decisions with speed and accuracy, saving significant cost and time for its clients."

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