# Silent Eight Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/silent-eight-pte

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.silenteight.com
- Total disclosed funding: $57M
- Latest round: Series B (Mar 21, 2023)
- Investors on record: 10

## About

Silent Eight Pte. Ltd. specializes in AI-driven solutions that combat financial crime, particularly through their Iris 6 platform, which enhances anti-money laundering efforts for financial institutions worldwide.Founded in 2013 in Singapore, Silent Eight Pte. Ltd. focuses on providing advanced technology for anti-money laundering (AML). The company has successfully raised USD 43.50 mn in Series B funding as of March 2023. Silent Eight is co-founded by Martin and Julia Markiewicz, with Martin currently serving as the CEO. The company has engaged in four significant funding deals to date, with a total amount raised of USD 43.50 mn and a current valuation of USD 138.149 mn.Silent Eight offers an advanced suite of AI-powered solutions aimed at combating financial crime, primarily through their flagship Iris 6 platform. This platform enables organizations to efficiently identify and manage anti-money laundering (AML) risks by processing billions of transactions annually with speed and precision. Key product offerings include Name Screening Detection and Transaction Screening Detection, which help clients detect true risks faster while minimizing false positives. Additionally, the platform features AI adjudicators for case resolution, such as the Name Screening Adjudicator and Transaction Screening Adjudicator, which streamline the workflow across the entire alert lifecycle. Silent Eight primarily serves financial institutions, including banks and payment providers, across various markets, with deployments in over 150 regions globally, including North America, Europe, and Asia-Pacific.In the most recent fiscal year, Silent Eight reported a revenue of USD 5.47 mn and an EBITDA of USD -5.25 mn. The revenue model is structured around B2B transactions, where financial institutions subscribe to their AI solutions to enhance compliance and risk management processes, typically through annual or multi-year agreements for access to the Iris 6 platform.Following the recent Series B funding round of USD 43.50 mn in March 2023, co-led by SC Ventures and Wavemaker Partners, Silent Eight plans to expand its product offerings and improve its existing solutions. The company aims to enter new geographic markets, including targeted expansions in Europe and Asia-Pacific, by the end of 2024. The funding will support the development of upcoming features within the Iris 6 platform and enhance customer support operations.

## Funding rounds

- Series B, Mar 21, 2023, $44M — HSBC Investments, Wavemaker Partners, Great Noble International, SC Ventures, TYH Ventures
- Series A, Oct 14, 2020, $5.2M — Wavemaker Partners, JFDI Asia, Singapore Angel Network, Fintonia Group, OTB Ventures, Great Noble International, SC Ventures
- Series A, Nov 1, 2019, $7.6M — Wavemaker Partners, JFDI Asia, Singapore Angel Network, Fintonia Group, OTB Ventures, SC Ventures, Great Noble International
- Seed, Sep 15, 2015, $0.4M — Wavemaker Partners, SGInnovate, Singapore Angel Network

## Investors

- Wavemaker Partners (https://capitalatlas.ai/funds/wavemaker-partners) — Seed, Series A, Series B
- SGInnovate (https://capitalatlas.ai/funds/sginnovate) — Seed
- Singapore Angel Network (https://capitalatlas.ai/funds/singapore-angel-network) — Seed, Series A
- JFDI Asia — Series A
- Fintonia Group — Series A
- OTB Ventures (https://capitalatlas.ai/funds/otb-ventures) — Series A
- SC Ventures — Series A, Series B
- Great Noble International — Series A, Series B
- HSBC Investments — Series B
- TYH Ventures (https://capitalatlas.ai/funds/tyh-ventures) — Series B