Cherry Ventures led a $7.1m seed round in Sphinx.

Cherry Ventures, an early-stage venture capital firm led a $7.1m seed round in Sphinx, the company building browser-native compliance agents for financial institutions, with participation from Y Combinator, Rebel Fund, Deel Ventures, and Singularity Capital. “Compliance today is mostly human glue between systems that were never designed to work together. Sphinx takes on that work directly so analysts can focus on the judgment calls — and institutions finally get a complete, defensible record of how every decision was made," Alexandre Berkovic, Sphinx Co-Founder and CEO.