Anti-money laundering tech startup InsightAI raises Rs 1.1 crore; founder says, 'It will help establish...'

New Delhi-based AI-native anti-money laundering (AML) investigation startup InsightAI has raised 1.1 crore in a pre-seed funding round led by accelerator and startup ecosystem enabler PedalStart and prominent angels.

InsightAI will utilise the newly acquired pre-seed capital to optimize AML case investigations for financial institutions, expand its presence across India and the Middle East, and enhance its data protection, auditability, and regional compliance capabilities to comply with international regulatory standards.

Additionally, it will focus on hiring across AI, infrastructure, security, and business development. The startup also aims to develop a solid sales pipeline targeting leading banks and payment companies in both regions, supported by strategic local partnerships and system integrators.

InsightAI is transforming AML investigation and compliance automation for banks and payment companies across the globe with its proprietary AI-powered models and technology solutions.

Founded by IIT alumni, the startup claims to have has developed a deeptech solution backed by extensive R&D, combining strong technical expertise with a deep understanding of real-world challenges faced by modern financial institutions. It is currently working with one of the leading banks in the UAE, the release notes. 

Akash Chandra and Vivek Kumar, Co-Founders, InsightAI, said, “We are excited to announce the pre-seed investment from PedalStart. It will help establish ourselves as a leading intelligence layer in the evolving compliance and risk management ecosystem. As we grow and navigate the complex global financial-technology landscape, we have already prototyped our flagship solution with strong performance benchmarks. Thanks to the pre-seed funds, we are ready for enterprise-grade product scaling as we make our platform even more robust, secure, and cloud-agnostic, deployable across multiple geographies. Going ahead, we aim to position ourselves as a leading innovation partner for global banks and payment companies, starting with setting up our base in Dubai and serving several key players in the Middle East.”

 “InsightAI is addressing a crucial need in the compliance and risk management space with its advanced technology and strong execution focus. Vivek and Akash bring deep domain understanding and technical expertise, which reflects in the maturity of their product and vision. At PedalStart, we believe their innovation has the potential to redefine how financial institutions strengthen compliance frameworks globally. We are excited to partner with them in this journey and support their growth as they scale across markets,” said Manas Pal and Aditya Darolia, Co-Founders of PedalStart.