Source: Fintech Global
Abstract, an AI company known for its pioneering work in regulatory intelligence, announced a successful $4.8m seed funding round. This latest financial boost was co-led by Bonfire Ventures and Communitas Capital, raising Abstract’s total funding to over $9m.
The seed funding will primarily support Abstract’s innovative platform that integrates AI to analyze and synthesize disparate regulatory data—from draft legislation to public comments and regulatory discussions. This integration creates a superintelligence platform that acts like a team of analysts, providing businesses with proactive insights into risks and opportunities that are relevant to their operations.
Abstract leverages cutting-edge technologies such as Large Language Models (LLMs) and Retrieval-Augmented Generation (RAG) to build its regulatory intelligence platform. It processes millions of data points from over 145,000 government bodies along with social media and news trends, offering real-time insights that help companies understand how regulatory changes could affect them.
“Instead of spending inordinate amounts of time manually reviewing changes from legacy bill tracking tools, corporate teams are presented with Abstract’s tailored insights into ‘risks’ and ‘opportunities’ for their businesses, allowing them to be proactive before proposed bills or regulatory changes are finalized,” said Pat Utz, CEO and co-founder of Abstract.
Read the full article: https://fintech.global/2025/01/10/abstract-gains-4-8m-to-propel-ai-solutions-for-managing-regulatory-risks/
