Sardine Raises $70M to Expand AI Fraud Prevention Platform

Sardine, an AI-driven fraud, compliance, and credit underwriting platform, has secured $70 million in a Series C funding round led by Activant Capital, bringing its total funding to $145 million. Investors include Andreessen Horowitz, Google Ventures, Moody’s Analytics, and Experian Ventures.

Founded by veterans from Coinbase, Revolut, and PayPal, Sardine’s AI platform leverages device intelligence, behavioral biometrics, and machine learning to detect fraud in real time, optimize compliance, and enhance risk operations. The company provides intelligent agents for KYC onboarding, sanctions screening, and fraud detection, reducing manual workloads for over 300 enterprise clients, including FIS, Ascensus, Deel, and GoDaddy.

With 130% year-over-year ARR growth and an 800% surge in fraud alerts, Sardine is scaling its AI infrastructure to help risk teams process alerts faster, minimize false positives, and tackle complex fraud threats. CEO Soups Ranjan emphasizes that AI automation is critical for reducing manual reviews and combating financial crime at scale.