# Lucinity: Information technology & services, Reykjavik, Iceland

> Lucinity: Lucinity is a global Software-as-a-Service (SaaS) company founded in 2018 and based in Reykjavík, Iceland. Based in Reykjavik, Iceland. Founded 2018.

Source: https://millionrounds.com/startup/lucinity (Millionrounds; every figure on the page links to its filing or article)

Iceland · [Information technology & services startup](https://millionrounds.com/companies)

# Lucinity

Lucinity is a global Software-as-a-Service (SaaS) company founded in 2018 and based in Reykjavík, Iceland.

Funding reported Last round: Series B

Information technology & services Reykjavik, Iceland

Company summary

- **Founded:** 2018 8 years old
- **Team:** 31 11 to 50 people
- **Funding reported:** 25.1M as listed, currency not stated
- **Last round:** Series B Jul 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Lucinity has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Lucinity

Lucinity is a global Software-as-a-Service (SaaS) company founded in 2018 and based in Reykjavík, Iceland.

The company specializes in AI-driven anti-money laundering (AML) and financial crime compliance solutions. With offices in New York, London, and Brussels, Lucinity serves clients across Europe and the US, aiming to "Make Money Good" by enhancing the efficiency of compliance processes for financial institutions. Lucinity offers cloud-based AML software that detects suspicious behavior patterns and reduces false positives. Key products include the Human AI Case Manager for investigating suspicious activities, Actor Intelligence for analyzing customer behavior, and Luci, an AI copilot that supports AML teams with insights. The company also provides Surveillance Cloud Services, which continuously learns to map money laundering behaviors. Lucinity holds patents for its federated learning technology, enabling secure algorithmic learning across global systems. Its clients include banks, fintech challengers, and payment service providers.

## What company datasets say Lucinity raised

Funding, as reported

Reported in all **25.1M** in the source's currency

Rounds **3**

Last round **Series B**

Last round size **17M**

Last round date **Jul 2022**

Investors listed **6**

## On 2 portfolio pages

Investors who name them

- [Keen Venture Partners](https://millionrounds.com/fund/keen-venture-partners)
- [FirstTracks Ventures](https://millionrounds.com/fund/firsttracks-ventures)

Each firm lists Lucinity on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

ai regulatory reporting api ai-powered detection ai security certifications investigation workflows ai for suspicious transaction analysis ai collaboration tools ai plug-in deployment ai in finance ai for transaction flow visualization ai data analysis ai in banking computer & network security data science transaction monitoring ai-powered case management

Built with from their website

Atlassian Google Optimize CloudFlare Viewport Meta webpack OpenAI Apple Business Manager AI Microsoft Entra ID CloudFlare CDN

+8 more

React Microsoft Exchange Microsoft Azure Microsoft 365 Apps & Services ASP.NET Mobile Friendly Vercel Open Graph

- **Sector:** Information technology & services
- **Industry code:** NAICS 54169, 513210, 561110, SIC 7375, 7372, 7389
- **Region:** Capital Region
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/lucinity)

## Information technology & services in Iceland

Startups like it

- [**Agentrys** founded 2025 *Raised*](https://millionrounds.com/company/agentrys)
- [**TripCreator** Reykjavik · founded 2013 *Raised*](https://millionrounds.com/company/tripcreator)
- [**50skills** Kopavogur · founded 2017 *Raised*](https://millionrounds.com/company/50skills)
- [**Encore Pro** Reykjavik · founded 2013](https://millionrounds.com/startup/encore-pro)
- [**Treble Technologies** Reykjavik · founded 2019](https://millionrounds.com/startup/treble-technologies)
- [**GRID** Reykjavik · founded 2018](https://millionrounds.com/startup/grid-7)
- [**River** founded 2024](https://millionrounds.com/startup/river-5)
- [**hopp** Reykjavik · founded 2019](https://millionrounds.com/startup/hopp-3)

## Is this your company?

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