Lucinity Holding ehf.
Latest round
- Series B
Last raised
- Jul 2022
Total raised
- $25M
Investors
- 6
About Lucinity Holding ehf.
Lucinity Holding ehf.Founded in 2018, Lucinity Holding ehf. is based in Reykjavik, Iceland. The company specializes in AI solutions for financial crime prevention, particularly through its flagship product, the Luci AI Agent. The founder, Gudmundur GK, has a history of entrepreneurship and is currently serving as the CEO.Lucinity primarily offers an AI-powered platform designed to streamline financial crime operations and investigations, focusing on compliance for financial institutions. Their flagship product, the Luci AI Agent, automates various investigative tasks, significantly reducing the time taken for financial crime investigations from hours to minutes. This platform integrates seamlessly with existing technologies used by clients, unifying various aspects of Anti-Money Laundering (AML), fraud detection, and sanctions compliance into one cohesive solution. Key features of the platform include customizable AI skills for tasks such as case summarization, money flow visualizations, and regulatory reporting.In the most recent fiscal year, 2023, Lucinity reported a revenue of USD 3,300,432. The company operates on a subscription-based model for its AI-powered compliance platform, allowing clients, primarily banks and financial institutions, to access the Luci AI Agent and associated services. The pricing structure is tiered based on service level and user count, supporting both B2B and direct-to-consumer transactions. Upcoming product enhancements for the Luci AI Agent are in development, aimed at further automating compliance operations. The company seeks to penetrate new markets in Asia and expand its footprint in North America and Europe by 2024.
Who invested in Lucinity Holding ehf.
6 investors across 3 rounds
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Questions about Lucinity Holding ehf.
Who invested in Lucinity Holding ehf.?
Lucinity Holding ehf. has 6 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Lucinity Holding ehf. raised?
Lucinity Holding ehf. has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Lucinity Holding ehf. last raise money?
Lucinity Holding ehf.'s most recent round on record is a Series B, in Jul 2022.
What does Lucinity Holding ehf. do?
Lucinity Holding ehf. is a software company.
Where is Lucinity Holding ehf. headquartered?
Lucinity Holding ehf. is headquartered in Reykjavik, Iceland.
Which VCs invest in companies like Lucinity Holding ehf.?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Highland Europe and Balderton Capital back software companies at Lucinity Holding ehf.'s stage. Their profiles are linked below.
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