Bullet points of Sedric monitors the communications of employees at financial institutions to ensure compliance

Bullet points of Sedric monitors the communications of employees at financial institutions to ensure compliance
- Sedric, an AI-powered platform, helps financial institutions implement compliance rules and flag possible issues, reducing the cost of compliance for mid-size organizations.
- The platform uses generative AI to monitor employee interactions, flagging compliance problems as they happen and providing coaching to staff in many cases.
- Sedric's AI is designed to minimize bias, using fine-tuned models trained on proprietary datasets and monitoring for performance dips and retraining models when necessary.
- The platform offers tools to support call center agents and allows companies to configure data storage and implement controls for privacy and security.
- Sedric has hundreds of paying compliance officers and enterprise customers in the US and Europe, with revenue increasing fivefold over the last year.
- The company offers a hybrid model with tailored customizations for enterprises and banks, setting it apart from other workplace monitoring rivals.
- Sedric received an $18.5 million Series A investment from Foundation Capital and Amex Ventures, which will be used to grow the firm's go-to-market and R&D teams.