Castellum.AI, a New York-based financial crime compliance platform, announced on July 8, 2025, the close of an oversubscribed $8.5 million Series A funding round. Led by Curql, backed by over 130 credit unions including Navy Federal, the round included BTech Consortium, Framework Venture Partners, and existing investors Spider Capital, Remarkable Ventures, and Cameron Ventures. The funding will accelerate adoption of Castellum.AI’s AI-driven AML/KYC platform, which integrates in-house risk data, screening, and AI agents to reduce false positives by 94% and compliance review time by 83%.
Funding: $8.5M Series A, led by Curql, with BTech Consortium, Framework Venture Partners, Spider Capital, Remarkable Ventures, and Cameron Ventures.
Performance: Reduces AML/KYC false positives by 94%, compliance review time by 83%, and data refresh from 24 hours to 5 minutes.
AI Milestone: AI agent passed CAMS practice exam on first try, trained by ex-regulators on OCC, NCUA, NY DFS, and California DFPI guidelines.
Clients: Fortune 50 corporations, community banks, sponsor banks, crypto exchanges (e.g., Digital Mint), and NGOs like The Sentry.
Market: $22B RegTech market, 23.5% CAGR, driven by AI adoption and rising financial crime.
Previous Funding: $4M seed round in 2023, led by Spider Capital.
Castellum.AI’s platform combines proprietary risk data (sanctions, PEPs, adverse media) from 200,000+ global sources, AML/KYC screening, and AI agents into a single, audit-ready system. Unlike competitors like NICE Actimize, its in-house data pipeline, built by former U.S. Treasury sanctions officer Peter Piatetsky, ensures accuracy by collecting and enriching data every five minutes. The platform’s AI agents, trained by ex-regulators, automate Level 1 and Level 2 alert adjudications and support Level 3 investigations, reducing manual workload while maintaining regulatory compliance.
Peter Piatetsky, Co-Founder and CEO, stated, “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.” Nick Evans, Curql’s President and CEO, added, “We’re excited to invest in Castellum.AI because they’re deploying AI agents that are fast, precise, and explainable to regulators.”
Reduced False Positives: 94% reduction in AML/KYC alerts, with 83% faster compliance reviews.
Real-Time Risk Detection: Screens 1,000+ watchlists every 5 minutes, notifying clients instantly of risk exposure.
Modular Integration: Layers AI agents over existing tech stacks, minimizing switching costs.
Audit-Ready: Detailed audit trails ensure compliance with OCC, NCUA, and GDPR standards.
Client Wins: A sponsor bank cut AML/KYC costs by 88%, a community bank reduced transaction screening false positives by 94%, and a crypto brokerage slashed data refresh times.
The $22B RegTech market is driven by rising financial crime, with $5B in AML fines in 2022 alone. Castellum.AI’s platform addresses the 62% of financial institutions using AI for AML, projected to reach 90% by 2025. Its CAMS exam success and partnerships with entities like USAID and The Sentry underscore its credibility. Posts on X, like @pymnts, highlight the platform’s ability to combat AI-driven financial crime, with sentiment reflecting strong industry validation.
Castellum.AI is the only financial crimes compliance platform with in-house risk data, AML/KYC screening and AI agents. Trusted by community banks, sponsor banks, leading crypto exchanges and financial services firms, Castellum.AI enables compliance teams to scale their operations while maintaining precision, accountability and oversight.
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