Tech Explained: NEWS: Sigma360 raises $17m to scale AI-powered financial crime prevention tech in Simple Terms

By PAUL O’DONOGHUE, Senior Correspondent

SIGMA360 has raised $17.3 million in an oversubscribed Series B funding round to expand its financial crime prevention and compliance platform.

Sigma360 said it will use the funds to strengthen its proprietary risk intelligence datasets. It also said it will use the money to “deepen AI automation capabilities, and expand the company’s global go-to-market presence across banks, payment providers and other regulated financial institutions”.

Sigma360 provides a platform that combines global risk data, proprietary intelligence, screening technology and AI automation in one system. The platform is designed to help firms manage compliance and financial crime risks.

Sigma360 founder Stuart Jones Jr said: “We live in an increasingly risk-on world, where financial crime is evolving faster than traditional approaches can keep up.

“To solve this, we’ve built the first full-stack platform that unifies risk data, intelligence, core technology, and AI – accelerating and strengthening decisioning across every level to help our clients manage risk, meet regulatory expectations and protect the integrity of the global financial system.”

The company said it has grown rapidly in recent years. Over the past two years, Sigma360 reported fivefold growth. It also reached profitability in 2025.

The round was led by Moderne Ventures. Investors Vocap Partners and Orrick also participated. Existing backers Contour Ventures and Mosaik Partners joined the round.

Sigma360 operations

According to the company, its platform now protects more than $2 trillion in assets and company value. It also supports billions of dollars in transactions each month across banks, payments firms, fintechs and multinational corporations.

Jones founded Sigma360 after working at the U.S. Department of the Treasury and the National Counterterrorism Center. His work included counterterrorism and anti-corruption operations in Washington. He also worked in Afghanistan and the Arabian Gulf following the September 11 attacks.

Liza Benson, partner at Moderne Ventures., said: “Sigma360 is redefining a $300 billion financial crime compliance industry by building trusted AI infrastructure for highly regulated markets.

“For Moderne, the opportunity is compelling because we believe Sigma360 will materially reduce operational burden and regulatory risk across our industries… For our partners across real estate, insurance and financial services, Sigma360 will drive faster onboarding, lower compliance headcount and create stronger risk controls.”