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Castellum.AI

Category: AI in Legal

An AI-powered global financial crime compliance platform that provides real-time risk screening and automation to reduce false positives and streamline compliance workflows. Castellum.AI was founded in 2019. The company is led by Peter Piatetsky. Based in New York, NY, USA. Team size: 11-50. Total funding raised: $12.5M. Latest round: $8.5M Series A (July 2024). Key investors include Curql, BTech Consortium, Framework Venture Partners, Spider Capital, Remarkable Ventures, Newfund, Cameron Ventures.

Founded
2019
Headquarters
New York, NY, USA
Team size
11-50
Total funding
$12.5M

Value proposition

Reduces compliance false positives by up to 94% and cuts alert review time by 83% through real-time, accurate global screening and AI-powered agents that can automate L1 and L2 alert resolution.

Products and solutions

Real-time Sanctions, PEP, and Adverse Media Screening API, AI Agents for alert review and compliance process automation, Continuous Monitoring and pKYC, Compliance Dashboard with Case Management, Sanctioned Beneficial Ownership Data

Unique value

Leverages proprietary AI and machine learning to ingest and analyze data from thousands of global sources in real-time. The platform combines proprietary risk data, a high-performance screening engine, and AI agents all built in-house.

Target customer

Banks, credit unions, fintechs, payment processors, crypto companies, insurance companies, and corporations.

Industries served

Financial Services, Fintech, Banking, Cryptocurrency, Insurance, Supply Chain

Technology advantage

Real-time data updates (every 5 minutes) from a broad array of international sanction lists, advanced NLP for name-matching, and developer-friendly APIs. AI agents are explainable and audit-ready for regulators.

How they differentiate

Focuses on the speed and freshness of data (updated every 5 minutes), superior accuracy via modern machine learning to significantly reduce false positives, and providing developer-centric API tools. Offers AI agents to automate alert reviews, contrasting with slower, legacy enterprise systems.

Main competitors

ComplyAdvantage, Dow Jones Risk & Compliance, Refinitiv World-Check, Napier, Norm Ai, FinScan

Key partnerships

The Sentry, Curql (Investor & Partner), BTech Consortium (Investor & Partner)

Notable customers

Digital Mint, Fortune 500 banks and insurance companies, Community banks and credit unions, Leading crypto exchanges

Major milestones

Raised $8.5M Series A round led by Curql (July 2024) Launched AI Agent that passed a CAMS (Certified Anti-Money Laundering Specialist) practice exam Named to the AIFinTech100 list Demonstrated up to 94% reduction in false positives for clients Raised $4M Seed Round (October 2023)

Growth metrics

Serves hundreds of customers globally, including community banks, sponsor banks, and leading crypto exchanges. Processes millions of screenings monthly. User base grew over 1,250% since beta launch in March 2022.

Market positioning

A next-generation RegTech disruptor targeting both fast-growing fintechs needing agility and established financial institutions seeking to modernize compliance operations.

Geographic focus

Global, with a particular strength in covering emerging market sanction lists often missed by US/EU-centric incumbents.

Patents and IP

The company states it has a "patented data collection and machine learning enrichment process."

About Peter Piatetsky

Peter Piatetsky is the Co-Founder and CEO of Castellum.AI. He has over a decade of experience in risk and compliance. Prior to co-founding Castellum.AI, he served at the US Treasury Department in multiple roles, including as Senior Policy Advisor. He also has experience in the private sector, having worked at a large Asian bank.

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