Latest news with #WillLawrence
Yahoo
04-08-2025
- Business
- Yahoo
AI Companies Fueling San Francisco Comeback
Popular SOMA Office Building Signs Lease With Greenlite AI SAN FRANCISCO, August 04, 2025--(BUSINESS WIRE)--The ownership group of Millennium Play, LLC and 612 Howard Street, a six-story, commercial office building in San Francisco, is pleased to announce it has leased an entire floor to a financial services AI company. The deal was managed by top commercial real estate firm Newmark of San Francisco. Will Lawrence, Co-Founder and CEO of Greenlite AI said, "We needed office space that could handle our growth trajectory, and 612 Howard delivers exactly that. The building itself has a modern industrial yet clean aesthetic that aligns perfectly with our company culture -- sophisticated, collaborative, and accessible. The location puts us right in the heart of downtown, which is where the action is. San Francisco's comeback is real, and we're seeing it firsthand: this area is central and lively," he added. The building at 612 Howard was constructed in 1907 and has individual floor plates of approximately 10,000 sq feet each with their original massive redwood beams and all-hardwood floors. The fully renovated building is located between Second Street and New Montgomery, is only 2 blocks from Moscone Center, and offers easy access to Bart, Muni, CalTrain, and Highways 101 and 280. Space is available on flexible multi-year terms. Greenlite AI, which recently closed a $15 million Series A led by venture firm Greylock, is hiring aggressively in every department to support a waitlist of customers looking to automate and improve their financial compliance workflows. Lawrence added, "As an AI company building cutting-edge services for our customers, Greenlite wanted to be in an area that's attracting other forward-thinking companies. We love being steps away from Downtown First Thursdays on 2nd and Howard. The monthly event gathers a mix of local businesses, food, and community and is perfect for team building." About Greenlite AI Greenlite AI is the leading agentic AI platform for financial services. Regulated banks and fintechs — including those overseen by the OCC, FDIC, and SEC — trust Greenlite AI to automate mission-critical work like KYC, AML, and sanctions compliance. Greenlite AI's agents are defined by their adherence to federal banking guidelines, ensuring compliance with stringent model validation and AI governance standards. Founded in 2023 by Will Lawrence and Alex Jin, Greenlite AI is headquartered in San Francisco and built by a team with deep expertise in compliance, AI, and financial infrastructure. Learn more at About Newmark Newmark Group, Inc. (Nasdaq:NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Visit or follow@newmark. View source version on Contacts Sabrina Horn, Millennium Play/612 HowardC 415-999-8777sabrina@ orCharlie Withers, Angeline Serrano, Greenlite AIangeline@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
04-08-2025
- Business
- Business Wire
AI Companies Fueling San Francisco Comeback
SAN FRANCISCO--(BUSINESS WIRE)--The ownership group of Millennium Play, LLC and 612 Howard Street, a six-story, commercial office building in San Francisco, is pleased to announce it has leased an entire floor to a financial services AI company. The deal was managed by top commercial real estate firm Newmark of San Francisco. Will Lawrence, Co-founder and CEO, Greenlite AI said, "We needed office space that could handle our growth trajectory, and 612 Howard in San Francisco delivers exactly that." Share Will Lawrence, Co-Founder and CEO of Greenlite AI said, 'We needed office space that could handle our growth trajectory, and 612 Howard delivers exactly that. The building itself has a modern industrial yet clean aesthetic that aligns perfectly with our company culture -- sophisticated, collaborative, and accessible. The location puts us right in the heart of downtown, which is where the action is. San Francisco's comeback is real, and we're seeing it firsthand: this area is central and lively,' he added. The building at 612 Howard was constructed in 1907 and has individual floor plates of approximately 10,000 sq feet each with their original massive redwood beams and all-hardwood floors. The fully renovated building is located between Second Street and New Montgomery, is only 2 blocks from Moscone Center, and offers easy access to Bart, Muni, CalTrain, and Highways 101 and 280. Space is available on flexible multi-year terms. Greenlite AI, which recently closed a $15 million Series A led by venture firm Greylock, is hiring aggressively in every department to support a waitlist of customers looking to automate and improve their financial compliance workflows. Lawrence added, 'As an AI company building cutting-edge services for our customers, Greenlite wanted to be in an area that's attracting other forward-thinking companies. We love being steps away from Downtown First Thursdays on 2nd and Howard. The monthly event gathers a mix of local businesses, food, and community and is perfect for team building.' About Greenlite AI Greenlite AI is the leading agentic AI platform for financial services. Regulated banks and fintechs — including those overseen by the OCC, FDIC, and SEC — trust Greenlite AI to automate mission-critical work like KYC, AML, and sanctions compliance. Greenlite AI's agents are defined by their adherence to federal banking guidelines, ensuring compliance with stringent model validation and AI governance standards. Founded in 2023 by Will Lawrence and Alex Jin, Greenlite AI is headquartered in San Francisco and built by a team with deep expertise in compliance, AI, and financial infrastructure. Learn more at About Newmark Newmark Group, Inc. (Nasdaq:NMRK), together with its subsidiaries ('Newmark'), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Visit or follow@newmark.
Yahoo
04-08-2025
- Business
- Yahoo
AI Companies Fueling San Francisco Comeback
Popular SOMA Office Building Signs Lease With Greenlite AI SAN FRANCISCO, August 04, 2025--(BUSINESS WIRE)--The ownership group of Millennium Play, LLC and 612 Howard Street, a six-story, commercial office building in San Francisco, is pleased to announce it has leased an entire floor to a financial services AI company. The deal was managed by top commercial real estate firm Newmark of San Francisco. Will Lawrence, Co-Founder and CEO of Greenlite AI said, "We needed office space that could handle our growth trajectory, and 612 Howard delivers exactly that. The building itself has a modern industrial yet clean aesthetic that aligns perfectly with our company culture -- sophisticated, collaborative, and accessible. The location puts us right in the heart of downtown, which is where the action is. San Francisco's comeback is real, and we're seeing it firsthand: this area is central and lively," he added. The building at 612 Howard was constructed in 1907 and has individual floor plates of approximately 10,000 sq feet each with their original massive redwood beams and all-hardwood floors. The fully renovated building is located between Second Street and New Montgomery, is only 2 blocks from Moscone Center, and offers easy access to Bart, Muni, CalTrain, and Highways 101 and 280. Space is available on flexible multi-year terms. Greenlite AI, which recently closed a $15 million Series A led by venture firm Greylock, is hiring aggressively in every department to support a waitlist of customers looking to automate and improve their financial compliance workflows. Lawrence added, "As an AI company building cutting-edge services for our customers, Greenlite wanted to be in an area that's attracting other forward-thinking companies. We love being steps away from Downtown First Thursdays on 2nd and Howard. The monthly event gathers a mix of local businesses, food, and community and is perfect for team building." About Greenlite AI Greenlite AI is the leading agentic AI platform for financial services. Regulated banks and fintechs — including those overseen by the OCC, FDIC, and SEC — trust Greenlite AI to automate mission-critical work like KYC, AML, and sanctions compliance. Greenlite AI's agents are defined by their adherence to federal banking guidelines, ensuring compliance with stringent model validation and AI governance standards. Founded in 2023 by Will Lawrence and Alex Jin, Greenlite AI is headquartered in San Francisco and built by a team with deep expertise in compliance, AI, and financial infrastructure. Learn more at About Newmark Newmark Group, Inc. (Nasdaq:NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Visit or follow@newmark. View source version on Contacts Sabrina Horn, Millennium Play/612 HowardC 415-999-8777sabrina@ orCharlie Withers, Angeline Serrano, Greenlite AIangeline@ Sign in to access your portfolio
Finextra
21-05-2025
- Business
- Finextra
Greenlite AI raises $15m to help banks and fintechs fight financial crime
Greenlite AI, the leading AI agent platform for financial services, today announced a $15 million Series A funding round, bringing its total capital raised to $20 million. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Greenlite AI is trusted by OCC-regulated banks, SEC-regulated broker-dealers, and Fortune 500 firms. Its platform automates manual, mission-critical work — starting with Know Your Customer (KYC), Anti-Money Laundering (AML), and sanctions compliance. Customers include Ramp, Mercury, Betterment, Gusto, RSM UK, and multiple U.S. banks. AI Agents Built for High-Stakes Compliance At the core of Greenlite AI's platform is its Trust Infrastructure, a proprietary system that embeds U.S. federal banking regulatory guidance, like OCC 2011-12 and NYDFS 504, into every agent's foundation. This enables automated workflows to meet strict requirements for validation, testing, and accuracy, giving institutions the confidence to scale AI-based staffing. 'With regulatory pressure mounting and margins tightening, compliance teams can't keep throwing headcount at the problem,' said Will Lawrence, CEO and co-founder of Greenlite AI. 'They need automation that's not just powerful, but accountable. That's exactly what Greenlite AI delivers — AI agents built on a foundation of regulatory trust, ready to take on the front lines of financial crime and compliance.' Scaling to Meet Market Demand The company will use the new funding to scale its proprietary Trust Infrastructure — designed to become the industry standard for generative AI accuracy and model validation — while investing in new agent archetypes, expanding its regulatory presence, and growing its engineering, go-to-market, and partnerships teams to onboard the next wave of financial institutions. "Greenlite AI's agents are reducing the manual burden on compliance teams, and their unparalleled accuracy is helping organizations scale without adding headcount," said Seth Rosenberg, Partner at Greylock and Board Member at Greenlite AI. "It is a privilege to be partners to Will and team, and we're proud to double down on our support of the company as they raise the bar for what trustworthy compliance looks like in today's AI era.' Expanding Reach Through Trusted Partners Greenlite AI's agents are also being used by consulting and accounting firms that serve financial institutions, extending its reach beyond direct deployment into advisory and oversight services. "Thomson Reuters Ventures invests in innovative companies that align with our strategic objectives and the markets we serve," said Tamara Steffens, Managing Director, Thomson Reuters Ventures. "In the financial services sector, combating financial crime is a daunting task. AML risk and compliance teams are burdened with the manual review of screened transactions and entity due diligence. Greenlite AI's solution addresses these challenges with precision and reliability. It will become indispensable for organizations committed to growth and compliance." Driving Measurable Results in the Real World Greenlite AI's agents manage alert triage, customer risk scoring, and transaction monitoring reviews end-to-end, delivering speed and auditability while freeing compliance teams to focus on proactive risk management, regulatory strategy, and customer insight. Greenlite AI's clients are seeing strong results: an OCC-regulated bank cut Enhanced Due Diligence review time by 70%; a fast-growing fintech reduced routine alert handling by 90%; and an SEC-regulated broker expanded into 12 markets by deploying Greenlite Agents to manage thousands of additional adverse media, PEP, and sanctions alerts each month. 'What sets Greenlite AI apart is their focus on the messy middle, the unclear and time-consuming compliance cases that don't fit neatly into checkboxes,' said Justin Pirzadeh, Partner at Canvas Prime. 'Many companies think better data alone will solve the problem. Greenlite AI goes further. They have built a system that understands context, clarifies uncertainty, and gives teams a trusted path forward. That is exactly the kind of thinking we look for at Canvas.' A New Model for Compliance Operations Greenlite AI aims to become the default way financial institutions staff operational teams. Its agents are designed to replace costly, error-prone workflows with AI systems that are scalable, explainable, and regulator-aligned. 'Complex compliance issues are in many ways big data problems, and AI will enable financial institutions to fulfill their regulatory obligations not only more efficiently, but importantly, more effectively,' said Tim Mayopoulos, Greenlite AI angel investor and former CEO of Fannie Mae. 'I'm excited by Greenlite AI's proprietary capabilities that prioritize precision, transparency, and auditability in areas such as anti-fraud and customer due diligence. Greenlite AI is a model for how financial institutions can better protect the financial system by using tools that are better and less expensive than just hiring more people.' 'Greenlite AI is redefining how financial institutions fight financial crime,' said Lawrence. 'We're building a faster, smarter compliance workforce — one that regulators can trust and teams can scale.'
