Saudi's KBW Ventures Joins $60M Round for US AI Risk Assessment Firm Clearspeed
The Saudi-led venture capital firm KBW Ventures has participated in a $60 million Series D funding round for Clearspeed, a US-based company specializing in advanced risk assessment technologies. This investment brings Clearspeed's total funding to $110 million and underscores KBW Ventures' strategy of backing globally impactful deep-tech companies.
By the Numbers
$60 million: The total value of the Series D funding round.
$110 million: Clearspeed's total funding raised to date.
KBW Ventures' Strategic Investment in Security and AI
This investment from KBW Ventures highlights the firm's strategic focus on technologies that address critical global challenges. By backing Clearspeed, the Saudi-led VC is investing in a company whose proprietary AI can significantly enhance security and reduce fraud for major enterprise and government clients. This move aligns with a broader trend of MENA-based investors seeking out best-in-class technology solutions with worldwide applications.
The Technology: Clearspeed's AI-Powered Voice Analytics
Clearspeed has developed a unique AI-powered platform that uses voice analytics to quickly and accurately assess risk. This technology helps organizations to significantly reduce fraud and lower costs without negatively impacting the user experience. Government and enterprise clients already use Clearspeed's technology in critical areas such as counter-fraud, anti-threat financing, and security screening for personnel.
A High-Profile Investment Syndicate
KBW Ventures joined a strong syndicate of investors in this round, including Align Private Capital, IronGate Capital Advisors, and Bravo Victor Venture Capital. Notably, the round also drew investment from General David Petraeus, the former Director of the US Central Intelligence Agency (CIA), signaling high confidence in Clearspeed's technology and its applications in the security and defense sectors.
About KBW Ventures
Founded by Saudi Arabia's Prince Khaled bin Alwaleed bin Talal Al Saud, KBW Ventures is a venture capital firm that invests in innovative, high-growth companies. The firm has a diverse portfolio with a strong focus on backing businesses that are developing transformative technologies for global markets.
About Clearspeed
Clearspeed is a US-based technology company that provides AI-powered voice analytics for risk assessment. Its solutions are used by leading organizations in government, defense, insurance, and banking to accelerate risk screening and detect fraud with high accuracy.
Looking Ahead
According to Clearspeed's CEO, Alex Martin, this new capital will be used to fuel the company's expansion into its key target sectors and to meet the growing global demand for rapid and reliable screening solutions. For KBW Ventures, this investment adds a pioneering security and AI company to its portfolio, with strong potential for long-term growth.
Source: Jawlah