Today I'm excited to share that @usefootprint has raised a $25M Series B, bringing our total funding to $45M. Financial institutions are in an arms race with cartels and oligarchs. The movement of illicit money globally has grown by $1.3 trillion since 2023, now sitting at $4.4 trillion. And bad actors have taken full advantage of AI’s capabilities: generating fake identities and shell companies faster than any team can manually review. Yet, the work to combat financial crimes is still being done the old way - risk teams sifting through spreadsheets, PDFs, and disconnected tools one case at a time. AI lets us reimagine this sector. We're solving for this at @usefootprint by focusing on two things: time and memory. → Time: Percy runs your compliance program end-to-end in 1/10th the time, so your institution has extra eyes on every case, and your human analysts dedicate their time to the ones that truly matter. → Memory: Trust Fabric makes sure the grey area is removed and learnings are universal so your team (whether 5 or 500 people) catches more true positives and identifies fraud rings before they form. With this raise, we're doubling down on the thesis that risk operations will be re-envisioned for the AI-native era. As AI increases financial crime in the global economy, we're building the defense system that can expand to meet and defeat it. We're honored @QEDInvestors doubled down on their conviction, leading our Series B two years after leading our Series A. The same goes for those who have invested since day one: @lererhippeau, @indexventures, @BoxGroup, Operator Partners, Definition, and @animalcapitalco. And for new investors @am_mufg_jp, @commercevc, @lightbank, and @alumniventures. To the Footprint team: this company would be nowhere without your belief in building a digital world full of trust. I thank you from the bottom of my heart for being on this journey with us. To our customers: thank you for trusting us with your most important decisions. Your partnership is helping us build a better future for financial crime compliance. Full story on our blog: