Saris Raises $28.8M Series A for Bank AI Agent Automation

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Saris, a company that builds AI agents to automate back-office work for banks and credit unions, has raised $28.8 million in a Series A round. 8VC led the financing, with participation from Audacious Ventures, Homebrew, Btech Consortium, and Service Ventures. The company operates out of Montréal and San Francisco and was founded by chief executive Danial Jameel.

Saris plans to use the funding to scale its platform across more financial institutions, deepen integrations with partners such as Fiserv, Encompass, and MeridianLink, and grow the team that trains and deploys its agents.

The company provides agentic workflow automation built specifically for financial services. Its agents are trained on each institution’s existing workflows and systems and execute complex tasks under human supervision, automating the high-volume manual work that tends to slow down lending, compliance, and operations.

According to the company, its workflows turn tasks that once took hours into ones that take minutes. Up to 70% of consumer, mortgage, and commercial lending tasks are automated, and costs drop by as much as 35%. Banks and credit unions using the platform are more than doubling their output without adding headcount.