Xapien Raises £8M in Series A to Expand AI-Driven Due Diligence Solutions
Xapien is committed to transforming the due diligence process by making comprehensive and insightful background checks accessible and rapid for businesses across various sectors.
Company Name: Xapien
Location: London, UK
Sector: Technology, Artificial Intelligence, Due Diligence
Funding Details: Raised £8M in Series A funding, bringing the total funding to £14M. The round was led by YFM Equity Partners.
Purpose of Investment: To expand into new sectors such as financial services and large corporate partners, and to increase the company's presence in the US.
Leadership: Led by CEO Chris Green.
Product: Xapien is a provider of AI-driven due diligence solutions. Utilizing artificial intelligence and natural language processing, the company's SaaS platform delivers on-demand research that helps businesses understand their third-party relationships. Xapien's technology automates the production of background research reports, enabling clients to quickly and efficiently assess risks and opportunities within their third-party network.
About Company: Xapien is committed to transforming the due diligence process by making comprehensive and insightful background checks accessible and rapid for businesses across various sectors. With this latest funding, Xapien plans to broaden its market reach and enhance its product offerings, ensuring that more businesses can conduct thorough due diligence with ease and precision, thereby safeguarding their operations against potential risks.