Unit21 Recognized for Enabling Risk and Compliance Teams at Chime, Crypto.com, and Twitter to Fight Financial Crime With No-Code AI Solutions
"CB Insights recognizes the most promising private artificial intelligence companies with the AI 100. This year's cohort spans 13 industries, working on everything from recycling plastic waste to improving hearing aids," said Brian Lee, SVP of CB Insights’ Intelligence Unit. “We’re excited to watch the companies on this year’s list continue to grow and create products and services that meaningfully impact the world around them.”
“As stagnant financial institutions get replaced by newer Fintech and crypto platforms, there is an increase in the sophistication and velocity of fraud and money laundering attacks”, said Unit21’s Founder/CEO, Trisha Kothari,
“At Unit21, we aim to unlock the power of data that is historically gated by engineering teams. We empower risk and compliance customers like Chime, Crypto.com, and Twitter to fight financial crime. We are thrilled to be acknowledged by CBInsights, an affirmation of the impact that democratizing data operations has in reducing organized crime.
Utilizing the CB Insights platform, the research team picked 100 private market vendors from a pool of over 7,000 companies, including applicants and nominees. They were chosen based on factors including R&D activity, market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength, and tech novelty. The research team also reviewed thousands of Analyst Briefings submitted by applicants.
Quick Facts on the 2022 AI 100:
- Equity funding and deals: Since 2017, the 2022 AI 100 cohort has raised $12 billion+ from 650 investors, across 300+ equity deals.
- Geographic distributions: Seventy-three of the selected companies are headquartered in the US. Eight of the winners are based in the UK, followed by five in Canada. Other countries represented in this year’s list include India, Sweden, China, and Germany.
Unit21 empowers fraud and AML teams to make data-driven decisions on a no-code platform. Over 150 Fintechs and crypto platforms such as Chime, Intuit, and Crypto.com have chosen Unit21 because the platform’s pre-built rules, customizability, and automation reduces their reliance on engineering resources. To see our product in action, schedule a demo.
About CB Insights
CB Insights builds software that enables the world's best companies to discover, understand, and make technology decisions with confidence. By marrying data, expert insights, and work management tools, clients manage their end-to-end technology decision-making process on CB Insights.