Tangos AI, an autonomous AI platform for financial crime investigations, announced it has raised $20 million in seed funding to expand its technology and help financial institutions accelerate complex compliance and investigative workflows. The funding round was led by Red Dot Capital Partners, with participation from Leaders Fund, Clarim, Venture Israel, Signal Fire, Clutch Capital, Selah Ventures, and a strategic investment from Bright Data.
Founded in 2025 by serial entrepreneur Eyal Azoulay, whose previous ventures include a company acquired by BNY, Tangos was built by experts in financial crime investigations, sanctions enforcement, intelligence operations, banking, and artificial intelligence. The company aims to address growing challenges faced by financial institutions as financial crime continues to expand globally while regulatory requirements become increasingly demanding.
According to the company, financial crime generates more than $1.5 trillion in illicit proceeds annually, while banks and other financial organizations face mounting compliance alerts, stricter oversight, and a shortage of experienced investigators. These constraints often force organizations to investigate only a portion of potentially suspicious cases.
Tangos has developed an autonomous AI platform that conducts end-to-end financial crime investigations for banks, fintech companies, government agencies, and intelligence organizations. Rather than simply flagging suspicious activity, the platform performs investigative work by gathering and validating evidence, evaluating competing hypotheses, and generating regulator-ready case files supported by complete audit trails.
The platform supports investigations involving suspicious activity alerts, sanctions compliance, anti-money laundering (AML), fraud detection, beneficial ownership analysis, hidden relationship discovery, entity and counterparty network mapping, and evidence validation across multiple data sources.
By combining domain-specific AI models with structured investigative workflows and reasoning systems trained by subject matter experts, Tangos enables investigators to review, approve, and act on comprehensive case files instead of manually assembling evidence. The company says this approach allows organizations to significantly increase investigative capacity without proportionally expanding compliance teams, while improving consistency, quality, and regulatory readiness.
KEY QUOTES:
“Financial institutions don’t need another co-pilot. They need investigators that can actually do the work. Tangos represents a fundamental shift from AI that assists investigations to AI that autonomously completes them with transparency, evidence and regulatory rigor.”
Eyal Azoulay, Founder and CEO of Tangos AI
“The compliance industry is facing a massive talent shortage at the exact moment regulatory complexity and financial crime are accelerating. Tangos has assembled an exceptional team with deep domain expertise and built technology capable of transforming how investigations are conducted globally. We believe this is one of the most compelling AI infrastructure opportunities in enterprise software.”
Rotem Eldar, General Partner at Red Dot Capital Partners
