Valid8 Financial, a Boulder, CO- and Seattle, WA-based verified financial intelligence company, raised $8.5M in Series A funding.
The round was led by Silverton Partners with participation from Touchdown Ventures, First Trust, CPA.com and Capital Midwest. Roger Chen, partner with Silverton Partners, will join Valid8’s board.
The company intends to use the funds to further invest in its engineering and go-to-market teams.
Led by CEO Chris McCall, Valid8 Financial specializes in verified financial intelligence (VFI). Its technology provides verified evidence for a wide variety of complex financial matters and white-collar crime investigations, including Medicaid fraud, partnership disputes, asset division, high-net-worth divorces, M&A diligence, audit and Chapter 11 bankruptcies. The company uses AI and automation technology to rapidly parse, reconcile, and categorize financial data from numerous sources, including bank transactions, Bitcoin deposits and withdrawals, and even hand-written checks.
Valid8’s AI does not make any judgment about fraudulent activity. Instead, it provides visualizations that demonstrate the flow of funds and clarifies which transactions require further evaluation by a professional investigator.
FinSMEs
30/11/2023