Compliance AI firm Axle Automation raises $2.50 million in seed funding

Artificial intelligence solution Axle Automation, Inc. announced the successful closing of its seed round. The company will use the $2.50 million to expand team size and optimize and enhance compliance teams in Fintech, Banking and other Financial Institution Groups. The round was led by Diagram Ventures, with participation from Mistral Ventures, Uphonest Capital, StreamingFast and other strategic angel investors.