Due Diligence Technology Provider Xapien Secures $10 Million Series A Investment
Xapien plans to expand further into the U.S. and into the financial services industry, while growing its large corporation partnerships.
July 18, 2024 at 03:55 PM
3 minute read
Xapien, the UK-based artificial intelligence-powered due diligence software provider, announced on Wednesday that it had raised $10 million in Series A funding.
The round, which will be used for expansion and product development, was led by YFM Equity Partners, and brings its total funding to $17.8 million.
The company, which was founded in 2018, provides an assortment of legal, ESG, private equity, insurance, finance, and risk consulting due diligence software. Essentially, Xapien's product works as an AI-powered analyst to make connections between data points and generate reports to cut down time on search and due diligence, according to its website.
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