# Sedric

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sedric

- Industry: Software
- Headquarters: New York, US
- Website: www.sedric.me
- Total disclosed funding: $22M
- Latest round: Series A (Sep 5, 2024)
- Investors on record: 5

## About

Established in 2020 and based in New York, US, Sedric operates as a software company offering compliance co-pilot, that enables its customers to activate rules, automate detection and mitigation, and produce reports. In September 2024, Sedric raised USD 18.5 million in series A funding led by new investor Foundation Capital, with participation from another new investor American Express. Returning investor StageOne Ventures, The Garage also participated in the round.

Sedric AI’s platform automates compliance processes by integrating with existing tools to monitor customer engagements across multiple languages. The solutions provided by the firm are AI reviewer, real-time co-pilot, AI summarizer, AI coach, and partner compliance. Features include live dashboards, one-click reporting, and real-time contextual analysis of various communication forms. This technology empowers compliance teams to manage policies and mitigate risks.

The company plans to use the September 2024 funding to support the development of the company laboratory and expand its market reach.

## Funding rounds

- Series A, Sep 5, 2024, $19M — Foundation Capital, StageOne Ventures, American Express Ventures, The Garage
- Seed, Jan 1, 2023 — The Garage
- Seed, Nov 17, 2021, $3.5M — StageOne Ventures, Homeward Ventures

## Investors

- StageOne Ventures (https://capitalatlas.ai/funds/stageone-ventures) — Seed, Series A
- Homeward Ventures (https://capitalatlas.ai/funds/homeward-ventures) — Seed
- The Garage (https://capitalatlas.ai/funds/the-garage) — Seed, Series A
- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Series A
- American Express Ventures (https://capitalatlas.ai/funds/american-express-ventures) — Series A