Sphinx Raises $7.1 Million in Seed Funding to Expand Browser-Native Compliance Agents
Chrisjan Wüst (left), Co-Founder and CTO, and Alexandre Berkovic (right), Co-Founder and CEO of Sphinx • Photo Credit: Sphinx
SAN FRANCISCO, February 17, 2026 (FINANCE INTERVIEWS) — Compliance technology company, Sphinx, a company specializing in browser-native compliance agents for financial institutions, has announced it has raised $7.1 million in seed funding to expand its agentic compliance workforce.
Finance Blog
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Finance Blog •
The funding round was led by Cherry Ventures, with participation from Y Combinator, Rebel Fund, Deel Ventures, and Singularity Capital. According to the company, the capital will be used to scale its compliance agents as banks and fintech companies increasingly rely on the platform for anti-money laundering (AML), know-your-customer (KYC), and know-your-business (KYB) operations.
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Finance News •
Sphinx’s agents operate within existing institutional systems, including case management platforms, third-party portals, PDFs, email, and internal dashboards, rather than requiring teams to adopt new software. The agents review alerts, conduct AML and KYB checks, gather supporting research, draft requests for information, and document decision-making in audit trails designed to meet regulatory requirements.
“Compliance today is mostly human glue between systems that were never designed to work together. Sphinx takes on that work directly so analysts can focus on the judgment calls — and institutions finally get a complete, defensible record of how every decision was made,” said Alexandre Berkovic, Co-Founder and CEO of Sphinx.
The company’s browser-native architecture allows it to adapt to workflows and regulatory requirements across more than a dozen regions. Customers include banks, public companies, and fintech firms using the platform to reduce manual review workloads and scale compliance operations.
“Sphinx isn’t just a software, it’s critical operational infrastructure that meets teams where they are: in their systems, procedures, and day-to-day reality. Very few products can function inside that level of complexity. That’s what’s driving such rapid adoption across banks and fintechs,” said Filip Dames, Founding Partner at Cherry Ventures.
In production environments, Sphinx reported that its agents have processed millions of alerts and hundreds of thousands of cases. According to the company, some customers have reduced false positives and operational costs, and in certain cases eliminated the need to expand compliance headcount.
Sphinx was founded by Alexandre Berkovic and Chrisjan Wüst. Wüst previously built AML and onboarding infrastructure at RelyComply, while Berkovic specialized in artificial intelligence research at Imperial and MIT. This is the founders’ second company together.
For more information, visit https://sphinxhq.com/.
Source: Sphinx
