TrackLight, an innovative leader in AI-assisted fraud detection and prevention has raised $3M Seed Funding led by BarronKent and Growth Factory, to accelerate TrackLight’s platform development, sales, and marketing efforts.
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TrackLight also announces the launch of its groundbreaking platform to combat fraud across government and corporate sectors
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“TrackLight is leading a major shift in the fraud detection and prevention industry. Their innovative use of AI to identify and address fraud before it happens is truly groundbreaking. We are excited to support TrackLight’s mission to bring unprecedented effectiveness and efficiency to this area. The momentum they’ve built and their potential to transform fraud prevention make them a standout in the market,” said David Peregrine, Managing Director, BarronKent.
“We are thrilled to invest in TrackLight, whose AI-driven approach is setting a new standard in fraud prevention. The impressive results they have demonstrated for customers highlights the significant impact they are poised to make in the private and public sectors,” said Rick Spencer, Managing Partner, Growth Factory.
“Over the course of my career, I’ve seen tens of billions in fraud discovered, but only a fraction of it recovered. As a taxpayer, this doesn’t sit well with me. I made a decision to come back to the fraud-fighting industry to deal with ‘unfinished business,’ applying new breakthroughs in AI technology to create a platform that meaningfully solves the fraud problem,” said Greg Loos, CEO of TrackLight.
About TrackLight
TrackLight is a trusted partner for government agencies and corporations needing to make critical decisions about dispersing funds, insider threats, business risks, and more. Our innovative solution makes fraud detection an integrated part of your workflow, delivering the information you need to make intelligent decisions quickly. With an integrated suite of products—Due Diligence, Fraud Analytics, Social Network Analysis, and Case Management—TrackLight empowers you to stay proactive, efficient, and confident in your fight against fraud.
