Flagright has raised USD 12.5 million in Series A funding led by Infinity Ventures, the company said on 17 June 2026. Sella Direct Ventures joined, with Frontline and Y Combinator among continuing backers, according to the PR Newswire announcement.
Co-founders Baran Özkan (chief executive) and Madhu Nadig (chief technology officer) are positioning Flagright as an AI operating system for financial-crime compliance. Proceeds are aimed at explainable AI across compliance operations and at US market expansion. The company said it is trusted by more than 100 fintechs and banks across more than 30 countries — a vendor claim.
Infinity Ventures' Jeremy Jonker backed the category thesis in the release. Flagright's Series A is a classic expansion round: deepen the product story banks will buy, then hire a US team that can sell it into larger compliance organisations.
Flagright wants compliance teams to run screening, monitoring and investigations on one AI-native control plane rather than a patchwork of disconnected point tools.
Figures and customer claims in this piece are those stated by the company or acquirer in the cited materials.
AI-360 has not independently audited operating metrics named in the announcement.