Resistant AI, a RiskTech company specializing in artificial intelligence (AI) and machine learning, has expanded its Series A funding to $27.6 million, after raising an additional $11 million in investment la from Notion Capital. This is in addition to existing funding from investors such as GV, Index Ventures, Credo Ventures and Seedcamp.

The new investment builds on Resistant AI’s product expansion, team, and geographic presence to help financial institutions protect their trading and referral systems from malicious attacks.

Resilient AI machine learning techniques protect financial services firms against growing threats, deter criminals from using AI, and adapt as their methods evolve. The company’s solutions scan for anomalies in documents, transactions, and behavior to provide a 360-degree view of every customer, which can double the number of threats detected. The company’s solutions have protected a number of banks and fintech companies throughout the customer lifecycle. Clients include Dun & Bradstreet, Payoneer, Habito, Planet42 and ComplyAdvantage; and Resistant AI currently have more than 80 team members working in offices in Prague, London, Brussels and New York.

“With this investment from Notion Capital we are able to bring our solution to more institutions in the face of these increasingly pernicious threats. We are excited to be working with Notion Capital, particularly because of their expertise and track record in successfully growing computer security companies.”

Martin Rehak, CEO and Founder of Resistant AI.

“Security and FinTech are two of the largest areas of focus for Notion and we love how the Resistant AI proposition ties them together. Synthetic identity fraud has been named the fastest-growing financial crime in the US, with $6 billion in total losses to the banking sector in 2021 alone, and the Resistant AI product is the only comprehensive solution out there that moves as fast as the fraudsters do. We’re excited to be working with them so they can meet the growing demand for their solution.”

Kamil Mieczakowski, Principal at Notion Capital.