Saris, an AI-powered workflow automation platform built for banks and credit unions, announced it has raised $28.8 million in Series A funding. The round was led by 8VC, with participation from Audacious Ventures, Homebrew, Btech Consortium, and Service Ventures.
The company said the funding will be used to scale its platform across additional financial institutions, deepen integrations with partners including Fiserv, Encompass, and MeridianLink, and expand the team responsible for training and deploying Saris AI agents.
Saris focuses on automating manual, repetitive workflows within lending, compliance, and banking operations. The company said its agentic workflow platform can reduce tasks that previously required hours down to minutes, while automating up to 70% of consumer, mortgage, and commercial lending tasks. Saris also said financial institutions using the platform have reduced operational costs by up to 35% and more than doubled output without increasing headcount.
According to the company, many banks and credit unions continue to rely on labor-intensive processes such as document review, data validation, and operational workflows that require significant manual effort. Saris aims to streamline those activities through AI agents trained on institution-specific workflows and systems while maintaining human oversight.
The platform integrates with widely used banking technology systems, enabling financial institutions to adopt AI-driven automation without replacing existing infrastructure or operational teams.
Saris said its technology is designed specifically for financial services institutions looking to modernize operations amid increasing customer expectations, evolving technology demands, and pressure to improve efficiency with existing resources.
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“Financial institutions of every size are under pressure to modernize their operations, and most have been underserved by technology that wasn’t built for the complexity of today’s banking. Saris is changing that. Their platform delivers real, measurable results without disrupting the systems and teams institutions depend on.”
Alex Kolicich, Founding Partner, 8VC
“We needed an AI strategy with a clear ROI, something that can help us compete and grow using existing resources. Saris provided a single, end-to-end solution that streamlines workflows and integrates with our existing technology for easy adoption. The results have been incredible and appreciated by our teams. It’s clear that Saris built this solution with bankers in mind.”
Matt Mayo, CRO, Community Bank
“With Saris, we reduced manually intensive processes while improving accuracy and maintaining human oversight. Their strategy to focus on high-impact business cases and close collaboration with our team helped us deliver meaningful changes to our customers.”
Diana Hennel, CTO And SVP, Catalyst Corporate Credit Union
“Our vision is a future where humans and AI work side by side in financial services. The best institutions won’t replace people; they’ll give people the leverage to do more with less strain and better serve customers and members as a result. Our platform already delivers measurable results, and this funding lets us bring that to more institutions, faster.”
Danial Jameel, Co-Founder And CEO, Saris
