TrackLight provides an AI-powered platform that integrates due diligence, fraud analytics, and social network analysis to proactively prevent fraud and risk. The system utilizes expert-trained AI agents and LLMs to analyze data sources, surface risks, and recommend actions at machine speed. This solution helps government agencies and corporations stop fraud before it occurs by embedding real-time risk scoring directly into existing workflows.
Funding
$3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Government agencies and corporations face increasing challenges in detecting and preventing fraud, leading to significant financial losses and operational inefficiencies. Traditional fraud detection methods often rely on manual processes and fragmented data sources, making it difficult to identify complex fraud schemes in real-time. This results in delayed detection, increased costs, and potential misuse of resources.
Solution
TrackLight offers an AI-powered fraud detection platform designed to identify and prevent fraudulent activities before financial losses occur. The platform leverages a library of over 3,000 fraud schemes and more than 1 billion open-source intelligence records, combined with a specialized large language model and generative AI, to provide real-time risk assessments and actionable insights. TrackLight's suite includes modules for due diligence, fraud analytics, social network analysis, and case management, all integrated into a single platform. The AI copilot, Ray, assists users in navigating complex datasets by providing AI-generated summaries and tailored recommendations, ensuring informed decisions are made quickly and confidently. By embedding advanced fraud detection directly into existing workflows, TrackLight eliminates the need to toggle between tools, providing real-time alerts and AI-powered insights without disrupting operations.
Target Audience
TrackLight serves government agencies and corporate enterprises seeking to enhance their fraud prevention capabilities, improve operational efficiency, and maintain compliance with evolving regulations.
Features
- AI-driven models that continuously analyze program behaviors and financial transactions to identify suspicious activities in real-time
- Risk scoring that assigns risk levels to individuals and entities, enabling users to focus on the highest-risk areas
- A fraud scheme library with thousands of pre-built fraud schemes tailored by subject matter experts
- Anomaly detection to automatically identify outliers and unusual patterns, flagging suspicious behavior
- Real-time alerts that provide instant notifications when high-risk activities or fraud are detected
- Continuous monitoring that delivers notifications when there are updates to monitored subjects
- Social network analysis to identify high-risk relationships with list and graph displays of potential fraud actors
- Customizable AI Agents that can be tailored to meet specific program or organizational needs
- API access to integrate real-time due diligence directly into existing systems and workflows