Xapien, a London, UK-based AI due diligence provider, raised £8M in Series A funding.
The round, which brought the total amount to £14M, was led by YFM Equity Partners
The company intends to use the funds to expand into new sectors, such as financial services and large corporate partners, and grow its footprint in the US.
Led by CEO Chris Green, Xapien applies artificial intelligence and natural language processing to deliver on-demand research for businesses seeking to understand their third parties. Its SaaS platform enables anyone to know who they are in business with. Its automated background research reports help clients assess risks and opportunities across their third-party network in minutes.
FinSMEs
17/07/2024