Coris, innovator in SMB risk management, announces $3.7m funding

Coris, innovator in SMB risk management, announces $3.7m funding

Coris, a pioneering risk platform, has successfully closed a fundraising round totalling $3.7m.

This notable financial injection was co-led by Lux Capital and Exponent Founders Capital, accompanied by the participation of prestigious entities including Y Combinator, Blank Ventures, as well as individual investors such as Bill Clerico, co-founder of WePay, and Immad Akhund, CEO & co-founder of Mercury.

Coris stands out in the FinTech sector for its revolutionary approach to risk management. The company is acclaimed for being the first to harness Large Language Models (LLMs) at an extensive scale, specifically catering to major enterprises like Mindbody and Stax Payments. This innovative application of technology is setting new standards in the way businesses manage and mitigate risks.

The company is pioneering in this sector with the launch of CorShield, touted as the world’s first SMB fraud model. Additionally, Coris is introducing a novel business verification product, further cementing its position as a trailblazer in the FinTech space.

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