Sphinx Raises $7.1M to Put AI to Work in Bank Compliance - DeFiance Media - 2.19.26 by Defiance Media

DeFiance Daily — Sphinx has raised $7.1 million in seed funding led by Cherry Ventures to automate compliance work for banks and fintechs. Instead of selling another software dashboard, the company deploys AI agents that handle tasks like fraud checks and customer verification inside existing systems. The goal is simple: cut backlogs, reduce errors, and lower compliance costs.