Novee has emerged from stealth with $51.5m in total funding, marking one of the fastest early-stage funding trajectories seen in the cybersecurity sector. The funding round was led by YL Ventures, Canaan Partners and Oren Zeev through Zeev Ventures, backing the company less than four months after its founding as investor interest accelerated alongside growing concerns around AI-powered cyber threats. Founded...

New York Life has entered into a strategic partnership with artificial intelligence firm Norm Ai to strengthen and modernise its compliance operations. NYL Ventures began working with Norm Ai before the company’s official launch, engaging with founder and CEO John Nay to provide early feedback on product development. As the relationship developed, NYL Ventures introduced Norm Ai to New York Life’s...

As financial institutions accelerate their use of artificial intelligence to combat financial crime, explainability has moved from a technical consideration to a strategic priority. The new 'Guide to Explainable AI in Financial Services' by SymphonyAI sets out why transparency, accountability, and defensible decision-making are now essential for firms deploying AI across AML and sanctions screening. The report explores how explainable AI...

As organisations look ahead to 2026, competitive advantage is no longer defined by whether a business has adopted AI, but by how effectively it connects people, processes and information into a single, intelligent operating model. Enterprises drowning in disconnected documents, siloed systems and manual workflows are finding that AI alone does not eliminate friction. Instead, performance gains are emerging where...

Unitary, an automation platform helping businesses reduce manual repetitive work without costly, multi-year overhauls, has joined the British Insurance Brokers’ Association (BIBA) as an associate member, marking a step forward in its commitment to the UK broker market. The move follows strong momentum for Unitary in the insurance sector, particularly through its work with managing general agents (MGAs) and the...

osapiens, a provider of enterprise software for sustainable growth, has secured $100m in Series C financing, pushing the company to unicorn status. The funding round is being led by Decarbonization Partners, a joint venture between BlackRock and Temasek, and is subject to regulatory approvals. The latest investment builds on strong backing from existing shareholders, including Goldman Sachs Alternatives, which led...

GrowthPal, an AI-powered M&A software provider focused on deal sourcing and execution, has raised $2.6m to accelerate the development of its platform and expand its international footprint. The funding round was led by Ideaspring Capital, with participation from prominent angel investors globally. The new capital will be used to support ongoing product development and to grow GrowthPal’s presence across the...

Meld, a provider of infrastructure for accessing digital assets and stablecoins, has closed a $7m strategic funding round to support the expansion of its global network and accelerate go-to-market initiatives. The funding round was led by Lightspeed Faction, with participation from F-Prime, Yolo Investments, and Scytale Digital. Through its platform, Meld enables seamless access and conversion between more than 150 fiat...

WitnessAI has secured fresh capital of $58m as it looks to accelerate global expansion and broaden its product offering in response to growing demand for secure AI adoption across regulated industries. The company has raised $58m in strategic funding in a round led by Sound Ventures, with participation from Fin Capital, Qualcomm Ventures, Samsung Ventures and Forgepoint Capital Partners. Sound...

For years, many lenders operated on the assumption that strong customer onboarding and sensible case handling were enough to satisfy financial crime compliance requirements. That mindset is rapidly becoming outdated. According to Salv, across Europe, lenders and lending-adjacent firms are now being assessed against the same expectations as banks, despite operating with smaller teams, leaner budgets and less mature...