Baselayer, which uses AI to help financial institutions verify businesses and assess fraud risk, raised a $35M Series A led by M13, for ~$40M in total funding (Mary Ann Azevedo/Crunchbase News)

Baselayer, an AI platform that verifies businesses and assesses fraud risk for financial institutions, secured a $35 million Series A round led by M13. The investment brings the company’s total funding to approximately $40 million, positioning it to expand its fraud-risk analytics services.