Xapien

Automated background research software

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Sector

Application Software

Location

London

Deal type

Growth Capital

Investment size

£2.9m

Investment date(s)

2023

Website

xapien.com

"YFM really understand the market that we are serving and share our vision to transform it using AI and deep technology. This investment will accelerate our product roadmap, deepen our proprietary application of Large Language Models, enhance our Identity Resolution Engine and turbo-charge our growth in sectors where we are experiencing strong demand, including legal, fintech, insurance, private equity, and philanthropy. It is an important step in our journey to help the world do better business."

Chris Green, CEO of Xapien

The business

  • AI tool that fully automates background research on individuals and companies utilising proprietary AI/ML and NLP
  • Delivers executive-level and auditable reports that summarise information from trillions of web pages and compliance a datasets
  • The SaaS platform protects institutions around the world from reputational and regulatory risks by enabling them to truly understand of who they are doing business with

The strategy

  • Continue to build out the GTM strategy and expand into new verticals
  • Expand customer footprint in the US
  • Accelerate product development and introduce new product features and capabilities

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