AI Startup Veridion Raises $20M in Series A Funding Round

The round also saw participation from Underline Ventures, OTB Ventures, Gapminder, Day One Capital, and Launchub.

The company plans to use the funding to accelerate product development and strengthen relationships with American institutions.

What is Veridion?

Veridion is an AI-powered business intelligence platform that provides continuously updated information about companies around the world.

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Its live business graph analyzes billions of digital signals from sources such as company websites, public registries, regulatory filings, product catalogs, social profiles and news sources.

The platform provides information on more than 640 million businesses worldwide. It is designed to help organizations with market intelligence, supplier discovery, insurance, risk management and supply chain decisions.

Veridion says its technology can deliver market intelligence up to 52 times faster than traditional sources and covers more than 30 times more businesses globally.

How Much Funding Has Veridion Raised?

Veridion has raised $20 million in its latest Series A funding round.

The source did not provide details about previous funding rounds or the company's total funding.

Who Invested in Veridion’s Series A Round?

Hoxton Ventures led the Series A funding round.

Other participating investors include:

• Underline Ventures
• OTB Ventures
• Gapminder
• Day One Capital
• Launchub

Why the Funding Matters

Veridion will use the new funding to accelerate product development and deepen its relationships with American institutions.

The funding comes as organizations face faster changes in supply chains, commercial relationships and business risk, increasing the need for more frequently updated market intelligence.

Who founded Veridion?

Veridion was founded in 2019 by Florin Tufan, Sorina Vlasceanu and Mihai Vinaga.

The company is headquartered in Wilmington, Delaware.

Market and Business Growth

Veridion's technology currently supports decision-making across more than 100 market intelligence, insurance, third-party risk, ESG, procurement and supply chain operations.

Companies using Veridion's data collectively represent almost $2 trillion in market capitalization.

Its partners include Experian, which uses Veridion's data to improve decision-making and gain greater visibility into private companies.

The company's live business graph provides intelligence on more than 640 million businesses worldwide.

What Happens Next?

Veridion plans to accelerate product development and expand its relationships with American institutions.

The company will continue developing its live business graph to provide updated business intelligence for organizations across market intelligence, insurance, risk, procurement and supply chain operations.

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