Xapien, a pioneering AI due diligence provider, announced today its successful $10m Series A funding round, led by YFM Equity Partners.
The investment elevates Xapien’s total funding to $17.8m.
With this new capital, Xapien is set to continue revolutionizing the way businesses conduct due diligence. The company’s plans include accelerating the development of its advanced entity resolution engine featuring native language processing and integrations with leading data suppliers. Additionally, Xapien aims to enhance enterprise features and introduce a perpetual Know Your Customer (KYC) monitoring solution.
Xapien’s technology is designed to streamline the due diligence process, enabling organizations to carry out comprehensive checks on third parties quickly. By reducing reliance on slow, manual research methods, Xapien helps businesses efficiently navigate the complexities of regulatory environments.
The funding will also support Xapien’s expansion into new markets such as financial services and corporate partners, particularly focusing on growing its U.S. presence.
Chris Green, CEO of Xapien, emphasized the transformative impact of the investment: “We founded Xapien to bring transparency to business relationships, so that organisations of all sizes can truly know who they are working with. This investment will not only accelerate our cutting edge natural language processing and entity resolution technologies but also positions us at the forefront of a fundamental shift in compliance.
“We are transforming due diligence from a time-consuming, manual process into an efficient, precise, and comprehensive solution. Xapien is setting new standards in compliance, helping organisations worldwide to navigate complex regulatory environments with ease and confidence, ultimately creating better business practices and stronger ethical standards.”
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