Bucharest-based Veridion raises €17.5 million to scale its real-time map of the world’s businesses
Veridion (formerly known as Soleadify), a Bucharest-based business intelligence startup, has raised €17.5 million ($20 million) in Series A funding to expand its AI-powered, continuously updated digital replica of the world’s 642 million businesses. The round was led by Hoxton Ventures, with participation from existing investors including Underline Ventures, OTB Ventures, Gapminder, Day One…
Bucharest-based Veridion, an AI-powered business intelligence startup, has successfully raised €17.5 million in Series A funding to further expand its real-time digital map of the world's businesses. The funding round was led by Hoxton Ventures, with participation from existing investors Underline Ventures, OTB Ventures, Gapminder, Day One Capital, and Launchub.
Veridion's CEO, Florin Tufan, highlighted the significance of the investment, stating that it will enable the company to accelerate product development, expand its team, and grow internationally. The company's mission is to provide a continuously refreshed, decision-grade data source for enterprise-scale systems, enabling organizations to understand and react to commercial risks in real-time.
Veridion's graph currently tracks 642 million companies across 249 countries, with 461 attributes per company, offering a live view of how geopolitical events, market shocks, and disruptions are reshaping the global economy. The innovative company's technology has already helped partners navigate crises, such as disruptions in the Hormuz Strait, by identifying affected businesses and suppliers, enabling them to assess the broader impact and make informed decisions.
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