Valid8 Financial, a global leader in Verified Financial Intelligence (VFI), has successfully secured $8.5m in Series A funding.
This financial injection was led by Silverton Partners, with notable contributions from Touchdown Ventures, First Trust Capital Partners, CPA.com, and Capital Midwest.
Valid8 Financial specialises in AI-powered forensic accounting solutions. These innovative tools are designed for accounting and law firms, enabling professionals to swiftly unravel complex financial transactions. Their approach transforms the traditionally time-consuming process of dissecting financial data into a more efficient and reliable method.
The newly acquired funds are earmarked for specific growth strategies. Valid8 Financial intends to invest heavily in both its engineering and go-to-market teams. The primary focus will be on enhancing operations at its Boulder, Colorado headquarters, ensuring the company continues to lead the way in its field.
Additional information about the company’s journey reveals an impressive track record. Valid8 Financial’s technology is celebrated for providing verified evidence in complex financial matters, ranging from white-collar crime investigations to high-net-worth divorces. The company’s unique use of AI and automation technologies allows rapid parsing and categorization of diverse financial data, including cryptocurrency transactions.
Valid8 Financial CEO Chris McCall provided insight into the company’s mission and the impact of this funding. “Prosecutions and civil litigation stemming from fraud and other financial malfeasance are among the most complex cases in our justice system.
“Forensic accountants and attorneys require certainty in their investigations, which is why it may take months or even years to uncover the truth behind thousands or millions of financial transactions. Valid8’s unique approach to delivering Verified Financial Intelligence leverages AI to expedite the process while meeting the highest data quality standards for courtroom-ready evidence that expert witnesses can rely on.”
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