About
Hummingbird provides AI-powered AML and compliance software. Raised $41.8M total including $30M Series B (Battery Ventures). Acquired LogicLoop (Sep 2024) for data automation. Launched AI investigation product (Feb 2024). Partnered with PortX. Customers include BHG Financial and banks/fintechs needing streamlined BSA/AML. Founded 2016 in Boston by Jesse Reiss and Matt Van Buskirk.
Key Facts
- [1]Funding: Total funding: $38M. Last round: Nov 2021. Stage: Early Stage.
- [2]Employees: Employee count: 51-200.
- [3]Website: Official website: hummingbird.co.
- [4]AI Technology: Core AI/ML technologies: Predictive ML.
- [5]Region: Region: Americas (United States).
Founders
Matthew Van Buskirk
Co-founder & CEO
Brian Mullins
Co-founder & CTO
AI Technology
Predictive ML
Traditional ML algorithms for classification, regression, and scoring models
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Hummingbird?
Hummingbird provides AI-powered AML and compliance software. Raised $41.8M total including $30M Series B (Battery Ventures). Acquired LogicLoop (Sep 2024) for data automation. Launched AI investigation product (Feb 2024). Partnered with PortX. Customers include BHG Financial and banks/fintechs needing streamlined BSA/AML. Founded 2016 in Boston by Jesse Reiss and Matt Van Buskirk. Hummingbird is classified in the Risk & Compliance segment at the Applications layer of the financial AI stack.
Who founded Hummingbird?
Hummingbird was founded by Matthew Van Buskirk (Co-founder & CEO) and Brian Mullins (Co-founder & CTO).
How much funding has Hummingbird raised?
Hummingbird has raised $38M in total funding, placing the company at the Early Stage stage. The most recent round closed in Nov 2021. Among 74 funded Risk & Compliance companies, Hummingbird ranks #51 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Hummingbird use?
Hummingbird primarily leverages Predictive ML technology. Traditional ML algorithms for classification, regression, and scoring models. Within the Risk & Compliance segment, 42 companies use this technology.
What market segment does Hummingbird operate in?
Hummingbird operates in the Risk & Compliance market segment. AI risk and compliance companies protect financial institutions from fraud, money laundering, identity theft, and regulatory violations. This is one of the largest and most critical segments in the AI finance landscape, as the cost of financial crime and non-compliance runs into the hundreds of billions annually.
Where is Hummingbird headquartered?
Hummingbird is headquartered in San Francisco, United States. The company operates in the Americas region. The team consists of 51-200 employees. United States is home to 324 financial AI companies tracked by AIFI Map.
Who are Hummingbird's competitors?
Companies similar to Hummingbird in the Risk & Compliance space include Feedzai ($431M raised), Sardine ($170M raised), Hawk AI ($83M raised), Resistant AI ($55M raised), Flagright ($8M raised). These companies operate in related areas of financial AI: Feedzai focuses on ai-native fraud and financial crime prevention platform for major banks. Sardine focuses on ai risk platform for fraud, credit, and compliance. Hawk AI focuses on ai-powered aml and fraud detection for banks and fintechs. (Based on AIFI Map classification data.)
What products does Hummingbird offer?
Hummingbird builds applications-layer solutions for the financial services industry. The company's core offering: AI-powered AML and compliance. The platform is powered by Predictive ML technology.