Deep Tide TechFlow update: On June 17, according to PRNewswire, Flagright, an AI compliance infrastructure provider for financial institutions, announced the completion of a $12.5 million Series A funding round, led by Infinity Ventures, with participation from Y Combinator, Sella Direct Ventures, and existing investors including Frontline.

The new funding will be used to expand its capabilities in “explainable AI compliance” scenarios, integrating transaction monitoring, blacklist screening, risk scoring, case management, AI forensics, and governance workflows into a single platform to help institutions including banks, payments providers, lenders, and brokerages respond to more complex financial crimes.