Regulatory Technology Company Data Sutram has secured $9 million in a Series A funding round co-led by international venture firms B Capital and Lightspeed. The firm aims to broaden its AI-driven fraud detection and compliance platform into new sectors and global markets.

The financing will assist Data Sutram in broadening its fraud detection abilities from banking to industries such as insurance, gaming, and cryptocurrency, while also growing its team and operations for global expansion.

Established in 2019, Data Sutram, located in Mumbai, assists financial firms in identifying fraud, maintaining regulatory compliance, and minimizing non-performing assets through alternative data and AI.

The platform analyzes more than 110 million unique identities, delivering immediate insights via its exclusive Trust Score, which assesses trends within digital footprints to uncover risks like synthetic identities, collusion, and identity theft.

When a user provides a name, phone number, and email, the system analyzes millions of digital and social traces—from government and telecom sources to ecommerce, logistics, and payment information—to quickly produce a fraud risk evaluation.

Rajit Bhattacharya, Co-founder and CEO says, “Our USP is external intelligence. Most of our partners had never sold data before,"

The company seeks to bring visibility into a customer’s behavior outside the bank’s environment—right at the entry point. Whether it's a new account, a loan, or an insurance application, the company can help assess if the transaction is trustworthy.

Data Sutram operates as a data processor, aggregating and analyzing data on the backend. Its machine learning models are designed to detect outliers and pattern deviations, rather than relying on rigid templates of fraud.

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Karan Mohla, General Partner at B Capital says, “The firm was drawn to Data Sutram’s architectural scalability and early enterprise traction. They’ve already onboarded large financial institutions—a rare feat for an early-stage startup in this space.”