Aptus.AI, a pioneering RegTech startup based in Pisa, has successfully closed a pre-Series A funding round, securing €3m.
The round was led by Programma 103 by VC P101 Sgr. Fin+Tech, an accelerator from CDP Venture Capital, also played a significant role, contributing to the round and reaffirming its support from a previous investment.
Aptus.AI is redefining the way large organizations, particularly banks and insurance companies, engage with legal documents. The startup’s innovative approach transforms these documents into interactive, machine-readable formats, thereby streamlining compliance and risk management processes. This technology not only enhances operational efficiency but also turns compliance into a strategic business advantage.
The €3m injection will be instrumental in furthering Aptus.AI’s mission. Its flagship product is Daitomic – a groundbreaking platform that revolutionizes the accessibility and usability of legal documents. Daitomic enables users to seamlessly navigate regulatory landscapes, compare legal texts across different versions, and simulate potential regulatory impacts.
Aptus.AI’s journey began with the creation of their transformative technology, developed by co-founders Andrea Tesei and Lorenzo De Mattei. The company’s successful pilot application, launched in late 2021, garnered immediate attention for its innovative approach to compliance management. Following this, a seed round in 2022 allowed Aptus.AI to expand its solution, catering to the complex needs of major financial institutions.
Lorenzo De Mattei, Co-Founder and CTO of Aptus.AI, emphasized the company’s AI capabilities. “The heart of our artificial intelligence is its revolutionary ability to convert legal documents of any format into a machine readable standard. This innovation opens up a world of previously inconceivable interactions with legal texts for AI users and systems.
“The result is a suite of extraordinarily efficient tools that include interactive regulatory consultation, automatic custom notifications, automatic management and updating of legal inventory, and instant impact analysis. Our machine readable format provides a set of data and legal information in digital format that allows us to create more precise Generative AI models, significantly limiting so-called ‘hallucinations’ in an area like the legal one, where the accuracy of responses is essential.”
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