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Baselayer raises $6.5M in a seed round led by Torch Capital, Afore Capital, and others to redefine business risk with AI risk engine.

May 01, 2024•about 1 year ago

Amount Raised

$6.5 Million

Round Type

seed

New YorkArtificial Intelligence

Investors

Gilgamesh VenturesPicus CapitalFounder CollectiveAfore CapitalTorch Capital

Description

Baselayer, a B2B platform leveraging Graph AI technology to combat fraud and streamline business onboarding, has emerged from stealth with a $6.5 million seed round. Led by Torch Capital, Afore Capital, and other notable investors, the round signals significant market interest in innovative solutions for fraud prevention and business accessibility.

Company Information

Company

Baselayer

Location

New York, New York, United States

About

Baselayer is an innovative B2B platform utilizing proprietary artificial intelligence technology to reduce fraud, automate business onboarding for SMBs, and increase security throughout the entire banking system. Its platform transforms the silo of data sharing that has previously existed across financial institutions to elevate levels of customer confidence and provide an enhanced sense of security to all banks across the country.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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