TrackLight builds an AI-assisted platform designed to identify and prevent fraud before payments are issued for government and corporate programs. The TrackLight Suite includes Due Diligence, Social Network Analysis, Fraud Analytics, Case Management, and an AI co-pilot called Ray the Parrot. The company leverages specialized machine-learning models, a library of over 3,000 fraud schemes, and the ability to scan over 1 billion open-source intelligence records. TrackLight ran $1.1 billion of government awards through its system and initially flagged high-probability fraud in 10.4% of payments. After operating in stealth for a year and onboarding a cohort of beta customers, TrackLight was accepted into NVIDIA’s Inception Program and received a $100,000 grant to test its models. The company has made several senior hires and plans to use new funding to accelerate platform development, sales, and marketing.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

Jun 2024