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Elucidate

Berlin, DE · Founded 2018 · 16 employees on LinkedIn · 7 known investors

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Elucidate develops AI-powered financial crime risk management solutions for banks, payment providers, and other financial institutions. The company provides a regulated benchmarking standard for assessing financial crime risk across payments and transactions.

AI & Machine LearningData & InfrastructureEnterprise SoftwareFintech

Founders & leadership

Elucidate was founded in 2018 by Shane Riedel.

SRShane Riedel
Shane RiedelFounderShane Riedel is founder and CEO of Elucidate, an AI-powered financial crime risk management platform for banks and payment providers. He has held roles across global financial institutions and public sector organizations focused on compliance and financial crime prevention.

Investors · 7

AV8 Ventureslisted by AV8 VenturesPalo Alto · $500K – $10M

How we know: the VCSheet dataset · Not right? Tell us

Elevator Ventureslisted by Elevator VenturesVienna · $1.1M – $3.3M

How we know: the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

Frontline Ventureslisted by Frontline VenturesSan Francisco · $540K – $3.2M

How we know: Frontline Ventures's portfolio page · a partner's Signal profile · funding news · open dataset · 5k.vc investor directory · Not right? Tell us

Seed Xlisted by Seed XSchaan · $300K – $1M

How we know: Seed X's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us

APEX VenturesreportedVienna · $540K – $1.1M

How we know: open dataset · 5k.vc investor directory · Not right? Tell us

SixThirty VenturesreportedSt. Louis · $100K – $250K

How we know: the VCSheet dataset · Not right? Tell us

Funding

SEC filings, press & company announcements

$8M disclosed across 1 of 2 rounds · 2021–2022

Source: company announcements and press reports — follow each round's link for the claim.

Related companies · 2

TookitakiTookitaki provides an anti-financial crime platform designed for banks and fintech companies, leveraging community intelligence and real-time responsiveness to detect and prevent financial crimes. The platform uses federated learning and transparent AI frameworks to serve financial institutions across APAC and the Middle East.
IadbThe Inter-American Development Bank Group provides financing and knowledge to support public sector, private companies, and entrepreneurial innovation across Latin America and the Caribbean. It comprises the IDB, IDB Invest, and IDB Lab, working on development priorities such as security, care, and resilience.

Companies working in the same space as Elucidate.

Frequently asked questions

What does Elucidate do?
Elucidate develops AI-powered financial crime risk management solutions for banks, payment providers, and other financial institutions. The company provides a regulated benchmarking standard for assessing financial crime risk across payments and transactions.
Who founded Elucidate?
Elucidate was founded by Shane Riedel in 2018.
Who are Elucidate's investors?
Elucidate's investors include 11.2 Capital, AV8 Ventures, Elevator Ventures, Frontline Ventures, Seed X, APEX Ventures, SixThirty Ventures.
How much funding has Elucidate raised?
Elucidate has disclosed $8M raised across 1 of its 2 known rounds.
Where is Elucidate headquartered?
Elucidate is headquartered in Berlin, DE.