Castellum.AI, a FinTech firm specialising in AI-powered financial crime compliance, has raised $8.5m in a Series A round.
The round was led by Curql, which is backed by credit unions including Navy Federal, with participation from BTech Consortium and Framework Venture Partners, alongside existing investors Spider Capital, Remarkable Ventures and Cameron Ventures.
The company offers a compliance platform that integrates in-house risk data with AML and KYC screening, using AI agents to reduce false positives and review times for financial institutions.
With the new funding, Castellum.AI plans to deepen integrations with banks, credit unions and digital asset exchanges, providing tools that speed up compliance checks while maintaining regulatory oversight.
The company shared that its AI agents have passed CAMS practice exams and are being positioned to meet certification standards. Castellum.AI also helps reduce switching costs for clients by layering its AI agents onto existing systems.
Castellum.AI CEO and co-founder Peter Piatetsky said, “Compliance teams are drowning in false positives while financial crime slips through the cracks. We’ve eliminated the tradeoff of choosing accuracy and risk mitigation. You no longer have to delay transactions or onboarding to identify true positives. Our explainable AI powers Level 1 and Level 2 alert adjudications and supports Level 3 investigations, all with detailed audit trails.”
Framework Venture Partners partner Ajay Gopal said, “One of the biggest pain points for our financial institution backers is the switching cost of changing providers. Castellum.AI’s ability to layer AI agents on top of existing tools – working with, not against a client’s tech stack, gave us the confidence in their ability to rapidly support clients.”
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