By PAUL O’DONOGHUE, Senior Correspondent
SPHINX, a company that develops browser-native AI compliance agents for financial institutions, has raised $7.1 million in a seed funding round.
The firm said it will use the money to scale its “agentic compliance workforce.”
Alexandre Berkovic, Co-Founder and CEO, said: “Compliance today is mostly human glue between systems that were never designed to work
together.
“Sphinx takes on that work directly. So analysts can focus on the judgment calls. And institutions finally get a complete, defensible record of how every decision was made.”
Cherry Ventures led the funding round. Y Combinator, Rebel Fund, Deel Ventures, and Singularity Capital also participated.
Sphinx said its technology differs from traditional RegTech platforms because it does not require new systems. Instead, its agents work with existing tools such as case management platforms, third-party portals, PDFs, email, and internal dashboards.
They review alerts, perform AML and KYB checks, gather research, draft requests for information, and record their reasoning in a regulator-ready audit trail.
“Sphinx’s browser-native architecture has allowed it to operate globally from day one,” the company said.
Teams can deploy the system within days and avoid integrations or system replacements, it added.
Its customers include banks, public companies, and fintechs. They use the platform to reduce manual reviews, cut backlogs, and scale operations without hiring more analysts.
“Sphinx isn’t just software, it’s critical operational infrastructure that meets teams where they are,” said Filip Dames, founding partner at Cherry Ventures.
Sphinx said it aims to address the more than $200 billion spent each year on compliance teams and outsourced review functions.
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