Veridion Raises €17.5 Mn Series A to Build AI-Powered Real-Time Business Intelligence Platform

The funding round was led by Hoxton Ventures. Existing investors, including Underline Ventures, OTB Ventures, Gapminder, Day One Capital, and Launchub, also participated in the round.

Veridion previously raised €5.19 million ($6 million) in February 2023. In 2020, the company also secured €1.29 million ($1.5 million) in seed funding from European venture capital firms.

Florin Tufan, co-founder and CEO of Veridion, said, “This fresh investment is a major milestone for Veridion and will allow us to accelerate product development, grow our team and expand internationally, helping more organisations understand commercial risk before it affects their business.”

Stefan Gergely, Head of Growth at Veridion, said, “Static business intelligence is no longer fit for an unstable world. If the business world is changing every day, why are companies still making billion-dollar decisions using data that’s months old?

“Whether it’s conflict in the Middle East, trade tensions, extreme weather events, pandemics, or financial shocks, organisations need a much clearer and more up-to-date picture of how the business world is actually operating. Commercial risk now changes by the hour. Information updated quarterly or annually is no longer intelligence. It’s history.

“Our system creates a continuously updated digital replica of the world’s businesses, giving organisations the intelligence they need to understand changing conditions, identify new opportunities and make better decisions before disruption becomes a crisis.”

Hussein Kanji, Founder of Hoxton Ventures, said, “Every important decision about a company still depends on data that is usually out of date. Veridion is rebuilding that foundation for the entire economy, and we believe it can become one of the most important data companies in the world.”

Founded in 2019, Veridion is building a digital platform that creates an up-to-date picture of the global business world. It provides companies with reliable business data that can be used for important decisions and large-scale business systems.

Veridion says its platform helps businesses understand how geopolitical events, market changes, and other disruptions are affecting companies and the global economy in real time.

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