Veridion Raises $20M to Expand AI-Powered Business Intelligence

Veridion, an AI-powered business intelligence platform, has secured $20 million in Series A funding to expand its offerings and presence in strategic markets. Led by Hoxton Ventures, the financing round also saw participation from Underline Ventures, OTB Ventures, Gapminder, Day One Capital and Launchub Ventures. The additional capital will support product development and international growth across several key markets.

Currently, more than 70% of Veridion's revenue comes from U.S. customers, and the company aims to significantly increase its U.S. team as demand continues to grow.

Founded in 2019, Veridion's platform builds a live graph of global businesses, delivering continuously updated intelligence on over 640 million companies worldwide. The platform analyzes billions of digital signals from sources like company websites, public registries, regulatory filings, product catalogs, social profiles and news to create a comprehensive view of businesses and their commercial activities.

This approach provides market intelligence up to 52 times faster than traditional sources and covers more than 30 times more businesses than many conventional business intelligence sources.

By providing real-time insights, Veridion helps organizations identify commercial risks, supply chain disruptions and changes in business profiles more quickly. This capability becomes particularly valuable during disruptions, such as the one around the Strait of Hormuz, where users could identify exposed businesses and commercial relationships.

With the new funding, Veridion plans to double its U.S. team and strengthen its presence in North America, working to bring more customers and solidify its position in the American market.