Sigma360 Raises $17 Million in Series B Funding
Sigma360, based in New York City, has successfully raised $17 million in a Series B funding round. The round was led by Moderne Ventures, with participation from Vocap Partners, Orrick, Contour Ventures, and Mosaik Partners. Sigma360's platform uses artificial intelligence to automate compliance with KYC (Know Your Customer) and other financial crime regulations, significantly reducing false positives and providing real-time risk assessment.
Company Overview
Founded by Stuart Jones, a former U.S. Treasury Department and National Counterterrorism Center official, Sigma360 aims to modernize the infrastructure of financial crime prevention. The company offers a comprehensive platform that integrates global risk data, intelligence, and AI-driven automation to help financial institutions comply with regulatory requirements. By consolidating risk screening and monitoring into a single cloud-based system, Sigma360 enables continuous transaction monitoring and client screening in real-time.
Strategic Use of Funds
The newly acquired capital will be used to expand Sigma360's platform capabilities, enhance its proprietary risk intelligence datasets, and accelerate its global expansion. This includes extending its services to banks, payment providers, fintech companies, and other regulated financial institutions.
"We live in an increasingly risk-on world, where financial crime is evolving faster than traditional approaches can keep up," CEO Stuart Jones said. "To solve this, we’ve built the first full-stack platform that unifies risk data, intelligence, core technology, and AI."
Market Impact and Growth
Sigma360 has experienced significant growth over the past two years, achieving fivefold revenue expansion and reaching profitability in 2025. The platform supports institutions that manage over $2 trillion in assets and process billions of dollars in transactions monthly. The company reports a net revenue retention rate of over 140% and a gross revenue retention rate of 95%, indicating strong customer loyalty and expansion.
Lead Investor and Participants
The Series B round was spearheaded by Moderne Ventures, a venture capital firm known for investing in technology companies that modernize real estate, finance, insurance, and home services. Other participants included Vocap Partners, Orrick, Contour Ventures, and Mosaik Partners, who have previously shown interest in innovative fintech solutions.
Conclusion
With this latest funding, Sigma360 is well-positioned to further develop its technology and expand its market presence. As financial institutions face increasing regulatory demands and geopolitical risks, Sigma360's platform offers a timely solution to enhance compliance and reduce the burden of false positives in financial crime detection.