London-based Xapien, a platform that automates online research using Artificial Intelligence and Natural Language Processing, announced on Wednesday, April 12, that it has secured £4.5M (approximately €5.1M) led by YFM Equity Partners and backed by D2 Fund, concluding total Seed funding of £6M.
The company uses AI to offer executive-level reports on any individual or organisation anywhere in the globe in minutes. Every piece of data is completely sourced, enabling informed decision-making that can be verified.
“Know who you are doing business with”
Founded by deep technology experts with decades of experience in intelligence and financial crime, Xapien uses AI and natural language processing to provide on-demand research for companies looking to properly understand their third parties.
The company’s SaaS platform allows people to know who they are doing business with, which was previously only available to large corporations.