Today we're announcing Footprint's $25M Series B fundraise. Our expansion comes at a critical time for compliance and risk teams around the world, as generative AI fuels a new era in financial crime. This funding will double our engineering and sales teams as we advance the research and development of Percy, the world's first end-to-end AI operating system built for financial crime compliance, and Trust Fabric, the governed infrastructure beneath it that turns every investigation into compounding organizational memory. 

Financial institutions are in an arms race – with global illicit activity growing faster than the economy, surging $1.3 trillion since 2023 to $4.4 trillion total. This has taken both a human and financial toll, with compliance costs growing to over $60 billion in the US and Canada alone. Bad actors have taken full advantage of AI’s capabilities: generating more synthetic identities, more shell companies, more sophisticated systems to launder money, and more volume for risk teams to manually review. 

On the opposite end, the work to combat financial crimes is still being done the same old way – via risk teams sifting through spreadsheets, PDFs, and disconnected tools one case at a time. That approach is decades old, built when less than 20% of banking customers were online. We believe it’s high time for compliance functions to rebuild dated workflows and processes that leave them at a structural disadvantage, and transition to a battlefield where the defenders are deploying AI more effectively than the attackers. 

This requires solving for two things: time and memory. 

• More time, because the queue is growing faster than any team can staff against it. Winning means working every case with speed and precision, not triaging which ones get looked at at all.

• Better memory, because risk analysts are expected to keep a vast amount of context in their heads as they work through cases. Too often, this context fails to get passed along to other analysts, or is forgotten entirely. 

We've built Footprint to arm risk teams with the time to investigate every case and the ability to remember every one. Percy, our agentic system, learns your compliance program and runs it end-to-end – automating your policies and procedures, grounding your investigations in trusted data sources and vendors across KYC, KYB and AML, and investigating every case with greater speed and accuracy. Trust Fabric, the infrastructure beneath Percy, commits every learning to an organizational memory that compounds. A precedent set by one investigator is instantly available across KYC, EDD, sanctions, and monitoring, whether your team is five analysts or 500. Every memory has provenance; agents propose, humans approve. Institutional knowledge grows with usage, and is instantly mobilized for the next case.

What does this look like in practice? Watchlist hits that once took an analyst 30 minutes to resolve now take less than a minute. Enhanced due diligence that once took three hours now takes under fifteen minutes – with 35% more evidence gathered. Percy's ability to go deeper and work faster allows it to uncover scores of patterns that many analysts using us today say they couldn’t see. In one of them, a true sanctions match was hidden across two Cyrillic transliterations of the same name that a human reviewer had cleared. The bank's BSA officer said: "You and I would never find that. Never." Due to Trust Fabric, this catch is immediately committed to an organizational memory that every future case benefits from.

With this raise, we're doubling down on the thesis that risk operations will be re-envisioned for the AI-native era. As AI expands the volume of financial crime in the global economy, we're building the agentic defense system that can expand to meet and defeat it.