Xapien
Automated background research software
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Sector
Application Software
Location
London
Deal type
Growth Capital
Investment size
£2.9m
"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
- Online platform that fully automates detailed background research on individuals and companies utilising proprietary AI/AML and NLP
- Provides a curated executive-level and auditable report that includes publicly available adverse media, networks and connections and background information
- The solution pulls out the key information, highlights risks and allows its customers to have a better understanding 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
