Veridion, a business intelligence technology company, has secured $20 million in Series A funding to expand its AI-powered platform, which continuously maps information on approximately 640 million businesses worldwide.

The company says its technology can deliver market intelligence up to 52 times faster than traditional data sources while covering more than 30 times as many businesses globally. The new funding will be used to accelerate product development and expand Veridion’s presence in the United States.

The investment comes as companies face increasing uncertainty around global markets, supply chains, geopolitical developments, and commercial risk. Traditional business intelligence systems are often updated quarterly or annually, potentially leaving organizations with outdated information when companies change locations, ownership, operations, or risk profiles.

Veridion's platform is designed to provide a continuously refreshed view of the global business landscape. Its system analyzes billions of digital signals from sources such as company websites, public registries, regulatory documents, product catalogs, social media profiles, and news outlets.

The resulting live business graph is intended to help financial institutions, insurers, procurement teams, and other organizations identify changes in companies and commercial relationships more quickly.

According to Veridion, its technology was used during disruption around the Strait of Hormuz to help organizations identify businesses, suppliers, customers, and other commercial relationships potentially exposed to the situation. The company says this allowed users to assess affected relationships within hours rather than waiting for conventional intelligence sources to update.

Growing Enterprise Adoption

Veridion says its data currently supports more than 100 market intelligence, insurance, third-party risk, ESG, procurement, and supply chain operations. Organizations using the platform collectively represent nearly $2 trillion in market capitalization.

Among its partners is Experian, which uses Veridion's data to gain additional visibility into privately held companies and incorporate new business signals into its risk models.

Jon Roughley, Director of Data Strategy and Innovation at Experian, said the increasing speed of change in global business requires risk data to evolve at a similar pace. He said Veridion can provide signals about how companies operate that may not be captured by conventional credit information.

New Investment

The Series A round was led by Hoxton Ventures, with existing investors including Underline Ventures, OTB Ventures, Gapminder, Day One Capital, and Launchub also participating.

Hoxton Ventures founder Hussein Kanji said the firm invested because Veridion is taking a different approach to business intelligence by providing continuously updated information rather than relying primarily on periodically refreshed databases.

Florin Tufan, co-founder and CEO of Veridion, said the new capital will support faster product development, significant expansion of the company's U.S. team, and deeper engagement with American organizations using its technology.

Founded in 2019, Veridion is headquartered in Europe and currently employs more than 60 people across North America and Europe. The company plans to approximately double its U.S. workforce in the coming months.

With the latest funding, Veridion aims to expand its real-time business data infrastructure and provide organizations with more current information for evaluating companies, managing commercial risk, and responding to changes across global markets.