About Lucinity
Lucinity is a Technology company based in Reykjavik (Iceland) founded in 2018 by Gudmundur Kristjansson. It operates as an AI-enabled cloud-based AML solutions are delivered to financial institutions. It operates on a SaaS (Software-as-a-Service), AI-as-a-Service, and FinTech model in Technology, Industrial Goods & Manufacturing, and Financial Services sectors. Lucinity has raised $25.1 million across 4 funding rounds from investors including Technology Development Fund, Keen Venture Partners and Crowberry Capital. Its chief executive is Gudmundur Kristjansson. Lucinity offers products and services including Luci AI Agent, Case Management, Transaction Monitoring, Customer 360°, and Regulatory Reporting. Its focus areas include Financial Technology, Compliance Solutions, Finance and Banking. Its legal entity is Lucinity Group hf. Its competitors include Quantexa, ComplyAdvantage, Riskified, Alloy and Megvii and 3 more; 8 of its 8 listed competitors have raised funding.
Company details
Lucinity is engaged in developing AI-driven platforms for financial crime prevention. The company operates within the financial technology sector, offering solutions to streamline investigations, transaction monitoring, and regulatory reporting. Its flagship product, Luci AI Agent, automates complex investigations, while other tools like Customer 360 and Case Management integrate data for comprehensive compliance. Services are provided to financial institutions globally, ensuring faster fraud detection and reduced operational risks through innovative technology.
- Headquarters Reykjavik, Iceland
- Founders Gudmundur Kristjansson
- SectorsTechnologyIndustrial Goods & Manufacturing Financial Services
- Email••••••••
- Phone•••• ••••
- Website lucinity.com
- Social LinkedIn X Facebook
- Legal Name Lucinity Group Hf
- Total Equity Funding$25.1M (USD)
in 4 rounds
- Latest Funding Round$17M (USD), Series B
Jul 2022
- InvestorsTechnology Development Fund
& 7 more
Products & Services of Lucinity
Lucinity offers a comprehensive portfolio of products and services, including Luci AI Agent, Case Management, Transaction Monitoring, Customer 360°, and Regulatory Reporting.
AI agent automates complex FinCrime investigations efficiently.
Platform unifies alerts, investigations, and reporting seamlessly.
System detects FinCrime using AI and scenarios.
Tool integrates KYC, transactional, and behavioral data.
Solution streamlines submission of regulatory reports accurately.
Funding Insights of Lucinity
Lucinity has successfully raised a total of $25.1M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $17 million completed in July 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $25.1M
- Total Rounds 4
- Last Round Series B — $17M
- First Round $2M
(Jun 2019)
- Investors Count 8
All 4 funding rounds of Lucinity with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2022 | $17M | Series B | – | Keen Venture Partners | |
| Jul 2020 | $6.1M | Series A | – | Karma Ventures, Byfounders | |
| Jan 2020 | – | Grant | – | – | |
| Jun 2019 | $2M | Seed | – | Crowberry Capital |
8 investors in total: 8 institutional.
Investors in Lucinity
Lucinity has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Technology Development Fund, Keen Venture Partners and Crowberry Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of venture capital funding for technology and defence companies | – | keenventurepartners.com | London, United Kingdom | |
A Nordic venture capital firm investing in tech startups. | – | crowberrycapital.com | Reykjavík, Iceland | |
Karma Ventures is focused on investing in deep-tech software startups. | – | karma.vc | Tallinn, Estonia | |
Early-stage centric VC firm investing primarily in the Nordics | – | byfounders.vc | Copenhagen, Denmark | |
Early-stage businesses are funded through venture capital investments. | – | preceptorcapital.com | Westlake Village, United States | |
Credit scoring solutions are developed for individuals and SMEs. | – | experianplc.com | Dublin, Ireland | |
Offers comprehensive support including marketing, financial, legal, and HR for tech and marketing firms. | 2021 | venturing.tech | Almelo, Netherlands | |
Government agency focused on technology development | 2016 | tdf.drdo.gov.in | Delhi, India |
Investor details for Lucinity
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People of Lucinity
21 people are tracked at Lucinity (8 in leadership, 1 in board & advisors, 12 in team).
| Name | Role | Group |
|---|---|---|
Gudmundur Kristjansson | Founder & CEO | Leadership |
Evan Peters | Chief Business Officer (fractional) | Leadership |
Johann F. Haraldsson | Chief Technology Officer | Leadership |
Cj Leedy | Vice President Of Customer Experience | Leadership |
Ægir Örn Símonarson | Vice President Of Engineering | Leadership |
Hildur Gunnarsdóttir | Director of Product Management | Leadership |
Theresa Bercich | CPO & Co-founder | Leadership |
Lára Hrafnsdóttir | VP, Marketing | Leadership |
Helga Valfells | Chairman | Board & advisors |
Gabríel Sighvatsson | Site Reliability Engineer | Team |
Fridrik Laxdal Karason | Staff ML Engineer & Tech Lead | Team |
Árni Oddsson | Software Engineer | Team |
Asdis Eir Simonardottir | People and Culture | Team |
Grétar Rafn Árnason | Principal Engineer | Team |
Atli Örn Guðmundsson | Software Engineer | Team |
Haukur Lúðvíksson | Software Engineer | Team |
Hafdís Ósk Pétursdóttir | Software Engineer | Team |
Ragnar Bjarni Stefánsson | IT Security Manager | Team |
Bergur Páll Gylfason | Site Reliability Engineer | Team |
Ingvar Bjarki Einarsson | Senior Software/data Engineer | Team |
1 more people are available in the full profile.
Complete people profiles for Lucinity
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Lucinity
3 dated milestones of Lucinity across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Lucinity is founded.
- Funding First funding round of $2.0M.
- Funding Latest funding round, Series B, of $17.0M.
Competitors of Lucinity
Lucinity has 8 listed competitors in our database, 8 of them funded. They include Quantexa, ComplyAdvantage, Riskified, Alloy and Megvii, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| quantexa.com | 2016 | London, United Kingdom | $545.02M | 552 | AI-powered data and decision intelligence solutions are provided for businesses. | |
| complyadvantage.com | 2014 | London, United Kingdom | $167.21M | 443 | Cloud-based anti-money laundering solutions are provided for compliance. | |
| riskified.com | 2013 | New York, United States | $232.02M | 781 | AI-based fraud prevention for e-commerce payments is provided. | |
| alloy.com | 2015 | New York, United States | $211.37M | 216 | Identity decisioning platform is provided for banks and fintech firms. | |
| megvii.com | 2011 | Beijing, China | $1.98B | – | Facial recognition and AI video analysis solutions are provided. | |
| signifyd.com | 2011 | Palo Alto, United States | $394.38M | 399 | Provider of fraud prevention and payment validation for online retailers | |
| feedzai.com | 2011 | San Mateo, United States | $346.8M | – | Cloud-based big data and fraud prevention solutions are offered. | |
| fenergo.com | 2009 | Dublin, Ireland | $180.97M | 74 | Cloud based KYC and AML management software |
Detailed competitors of Lucinity
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Lucinity
The website of Lucinity (lucinity.com) receives about 9.3K visits a month.
- Monthly visits9.3K
▲ 5.9% vs previous month
Websites whose visitors overlap most with Lucinity. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| goautonomous.io | 100% | 7K | #2,937,598 | View details | |
xcubelabs.com | xcubelabs.com | 93% | – | #1,259,711 | – |
| omdena.com | 88% | 91K | #374,532 | View details | |
| symphonyai.com | 86% | 100K | #420,933 | View details | |
| coveo.com | 86% | 191.6K | #178,121 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 21 similar websites and full traffic analytics for Lucinity
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 21 similar websites
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Top companies in AI Core Platforms & Infrastructure
10 companies that operate in the same segment as Lucinity (AI Core Platforms & Infrastructure), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Photo editing and sharing apps are developed by Meitu. | 2008 | Xiamen, Fujian, China | USD 525 M | USD 536.99 M | 719 | |
Platform that provides data analysis and management solutions | 2003 | Denver, Colorado, United States | USD 2.46 B | USD 2.87 B | 5,915 | |
OpenAI is engaged in developing advanced artificial intelligence technologies. | 2015 | San Francisco, California, United States | USD 180.07 B | – | 11,115 | |
AI-based system-on-chips are developed for advanced driver assistance systems. | 1999 | Jerusalem, Jerusalem District, Israel | USD 530 M | USD 1.89 B | 3,820 | |
AI models and chatbots are offered for industry applications. | 2021 | San Francisco, California, United States | USD 132.31 B | – | 6,146 | |
AI and SaaS-based self-driving solutions for autonomous vehicles are provided. | 2017 | Mountain View, California, United States | USD 692.62 M | USD 3 M | 2,619 | |
AI-based conversational solutions are provided for user interactions and learning. | 2021 | Menlo Park, California, United States | USD 193 M | – | 325 | |
Analytics and digital solutions for healthcare and banking are provided. | 1999 | New York, New York, United States | USD 10 M | USD 2.09 B | 59,500 | |
Provider of AI-based drone surveillance solutions for defense and maritime sector | 2017 | Orange, California, United States | USD 11.29 B | – | 9,670 | |
Citation-based AI answer engine with real-time sourcing is operated. | 2022 | San Francisco, California, United States | USD 1.72 B | – | 1,401 |
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Related news about Lucinity
Complete news archive for Lucinity
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Frequently Asked Questions about Lucinity
Lucinity was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Lucinity is headquartered in Reykjavik, Iceland.
Gudmundur Kristjansson is the current CEO of Lucinity. They have also founded this company.
Lucinity is a funded company, having raised a total of $25.1M across 4 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Jun 2019.
Lucinity is engaged in developing AI-driven platforms for financial crime prevention. The company operates within the financial technology sector, offering solutions to streamline investigations, transaction monitoring, and regulatory reporting. Its flagship product, Luci AI Agent, automates complex investigations, while other tools like Customer 360 and Case Management integrate data for comprehensive compliance. Services are provided to financial institutions globally, ensuring faster fraud detection and reduced operational risks through innovative technology.
Lucinity's top competitors include ComplyAdvantage, Riskified and Quantexa.
Lucinity offers Luci AI Agent, Case Management, Transaction Monitoring, Customer 360°, and Regulatory Reporting.
Lucinity has 8 investors. Key investors include Technology Development Fund, Keen Venture Partners, Crowberry Capital, Karma Ventures, and Byfounders.
Lucinity operates through Lucinity Group Hf.