Spring Labs

Spring Labs is a company.

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Updated: Dec 10, 2025 ·

Recent News & Mentions

Apr 1, 2021FundingSpring Labs - Series B Jun 1, 2019FundingSpring Labs - Series A Mar 1, 2018FundingSpring Labs - Seed

Financial History

Spring Labs has raised $69.0M across 3 funding rounds. Most recently, it raised $30.0M Series B in April 2021.

Total Raised

$69.0M

Valuation

N/A

Funding Rounds Raised

Date	Round	Other Investors
Apr 1, 2021	$30.0M Series B	Lobby Capital, Trinity Ventures, Darrell Cavens
Jun 1, 2019	$23.0M Series A	Camber Creek, Jenny Fielding, Lobby Capital, Lux Capital, RRE Ventures, Social Capital, Marco DeMeireles, Third Prime, Trinity Ventures, Tusk Venture Partners, Ashish Toshniwal, Darrell Cavens, Jaffray Woodriff
Mar 1, 2018	$16.0M Seed	Bam Ventures, B Capital Group, Bonfire Ventures, BoxGroup, Bryant Stibel, Flex Capital, K2 Global, Lazerow Ventures, Lobby Capital, M13, Miramar Ventures, Moonshots Capital, NewView Capital, Pario Ventures, Race Capital, Science, Smash Capital, Howard Lindzon, Marco DeMeireles, Peter Chernin, Techstars, Trinity Ventures, Brendan Iribe, Clark Landry, Darrell Cavens, Donn Davis, Gil Elbaz, Zander Lurie

Financial History

Spring Labs has raised $69.0M across 3 funding rounds.

Total Raised

$69.0M

Valuation

N/A

Leadership Team

Key people at Spring Labs.

Cris Neckar

CISO

Leadership Team

Key people at Spring Labs.

Cris Neckar

CISO

Deep Dive

# Spring Labs: High-Level Overview

Spring Labs is a fintech software company that provides AI-powered solutions for financial institutions to streamline compliance, customer service, and operations.[1][4] Founded in 2017 and headquartered in Marina Del Rey, California, the company has evolved from a blockchain-focused data security platform into an AI-native technology provider serving banks, BaaS providers, and fintech companies.[2][5]

The company's core mission is to "enable quick, painless and ROI-positive adoption of AI" while helping financial institutions improve regulatory compliance, operational efficiency, and customer experience.[3] Spring Labs serves a critical need in financial services: automating labor-intensive compliance and customer support functions that are both costly and regulatory-sensitive. Its primary product suite—Zanko—includes specialized AI copilots for compliance (ComplianceAssist), operations (AgentAssist), and customer service (CustomerAssist).[4] The company demonstrates strong growth momentum, with customers reporting 70% faster complaint reviews, 50% fewer classification errors, and 300% first-year ROI.[7]

# Origin Story

Spring Labs was founded in 2017 by Adam Jiwan, John Sun, and Anna Fridman, three fintech entrepreneurs with deep experience in financial services innovation.[5] John Sun previously founded Avant, an early adopter of machine learning in consumer lending for underserved populations, which shaped his vision for bringing transformative technology to financial services.[4]

The company initially launched with the Spring Protocol, a blockchain-based platform designed to enable secure data exchange between financial institutions while preventing fraud.[2] This early focus on data security and privacy—solving the problem of how to share sensitive financial information without exposing personally identifiable information (PII)—established Spring Labs' core competency in cryptography and tokenization.[5] The company raised $14.75 million in seed funding in 2018 and $23 million in Series A funding, with backing from notable investors including GM Ventures, TransUnion, GreatPoint Ventures, and August Capital.[2][5]

The pivot toward generative AI and compliance automation represents an evolution of this founding mission: rather than just securing data exchange, Spring Labs now helps institutions extract actionable intelligence from customer interactions and complaints using AI.[4]

# Core Differentiators

AI-Native Architecture: Spring Labs reimagines financial processes from first principles using AI capabilities rather than automating existing workflows.[4] This approach enables faster deployment—companies can implement solutions in under two weeks—and immediate ROI.[4]

Human-First Design Philosophy: The company prioritizes AI use cases that augment human capabilities rather than replace labor, focusing on improving customer interactions and regulatory outcomes rather than pure cost-cutting.[4]

Compliance-First Focus: Unlike generic AI platforms, Zanko is purpose-built for financial services compliance, with features like automated complaint classification, Voice of Customer profiling, and root cause analysis that directly address regulatory requirements.[6]

Security and Data Control: Spring Labs' tokenization solutions (including TrueZero) ensure that institutions retain complete control over sensitive data—the platform never sees or duplicates cardholder data or PII.[5]

Proven Track Record with Major Institutions: The company counts leading BaaS banks and fintech providers among its clients, including WebBank and First Electronic Bank, which serve as early commercial validators.[6][7]

# Role in the Broader Tech Landscape

Spring Labs operates at the intersection of three powerful trends reshaping financial services: regulatory intensification, AI adoption, and operational efficiency demands. Financial institutions face mounting compliance costs and regulatory scrutiny, particularly around fair lending, complaint handling, and data security. Simultaneously, generative AI has created new opportunities to automate knowledge work that was previously too complex or nuanced for traditional automation.

The company's timing is strategic. As regulators increasingly scrutinize AI use in financial services, Spring Labs' emphasis on responsible, human-centered AI and SOC 2 Type 2 compliance positions it as a trusted partner for institutions navigating this transition.[1] The company's membership in the American Fintech Council reflects its role as a thought leader in responsible AI innovation within financial services.[1]

Spring Labs also influences the broader fintech ecosystem by demonstrating that AI can solve regulatory problems—not just create them. This shifts the narrative from AI as a cost-cutting tool to AI as a compliance and risk-management enabler, which is particularly valuable for heavily regulated industries.

# Quick Take & Future Outlook

Spring Labs is well-positioned to capture significant market share in the compliance automation segment of financial services software. The company's combination of domain expertise (founders with fintech backgrounds), technical differentiation (AI-native architecture), and proven customer results creates a strong competitive moat.

Looking ahead, the company's growth will likely be driven by three factors: (1) increasing regulatory pressure on financial institutions to improve complaint handling and fair lending practices, (2) broader adoption of generative AI across financial services operations, and (3) expansion beyond compliance into adjacent use cases like fraud prevention and customer acquisition.

The evolution from blockchain-based data security to AI-powered compliance automation reflects a broader industry maturation: Spring Labs has successfully pivoted from solving a niche problem (secure data exchange) to addressing a universal pain point (compliance automation). As financial institutions accelerate their AI transformation, Spring Labs' practical, compliance-focused approach positions it as a critical infrastructure provider in the modernization of financial services.

Sources

Frequently Asked Questions

How much funding has Spring Labs raised?

Spring Labs has raised $69.0M in total across 3 funding rounds.

Who are Spring Labs's investors?

Spring Labs's investors include Lobby Capital, Trinity Ventures, Darrell Cavens, Camber Creek, Jenny Fielding, Lux Capital, RRE Ventures, Social Capital, Marco DeMeireles, Third Prime, Tusk Venture Partners, Ashish Toshniwal.