📝 Saris AI raises $28.8M

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The Canadian founders behind the Y Combinator-backed edtech startup Oohlala Mobile have reunited to launch Saris AI, a Montreal and San Francisco-based venture that recently secured a $28.8 million Series A funding round led by 8VC. Co-founders Danial Jameel, Alice Dinu, and James Dang are leveraging their latest capital injection to scale autonomous AI agents designed to take over repetitive back-office, administrative, and lending tasks for banks and credit unions. By partnering with major financial infrastructure providers like Fiserv and MeridianLink, the startup claims its agentic workflows can automate up to 70% of consumer, mortgage, and commercial lending processes, delivering an estimated 35% reduction in operational costs. This expansion aligns with a broader institutional push toward automation in the financial sector, where a recent KPMG study notes that 90% of Canadian financial services leaders now view generative artificial intelligence as critical to maintaining a competitive advantage.

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