Baselayer, a New York-based startup providing AI-driven business verification tools, has raised $20 million in a Series A round, bringing its total funding to approximately $47 million. The round was co-led by Koro Capital and Santa Monica-based M13. Baselayer’s main objective is to scale its AI-powered Know Your Business (KYB) platform, which helps financial institutions replace manual reviews with automated onboarding, risk assessment, and continuous portfolio monitoring for sanctions, fraud, and entity changes; the fresh capital will go toward enhancing that platform and expanding its footprint among banks, fintech companies, and government agencies to automate risk checks. Key players are Baselayer’s co-founders, Jonathan Awad, Timothy Hyde, and William Slessman, who launched the company in 2023, alongside lead investors Koro Capital and M13.
Baselayer Raises $20M Series A to Scale Its AI-Powered KYB Platform
