1. Xapien secures $10M in Series A funding round led by YFM Equity Partners to enhance its AI-powered due diligence platform. 2. Xapien's AI technology revolutionises due diligence, delivering rapid, cost-effective research reports, driving a profound shift in the $44 billion compliance market. 3. Since its last funding round in March 2023, Xapien has seen a 150% increase in ARR, doubled its headcount, and secured major partnerships including with Dow Jones Risk & Compliance. LONDON, July 17, 2024 (GLOBE NEWSWIRE) -- AI due diligence provider, Xapien, today announced the completion of its $10M Series A funding round led by YFM Equity Partners, bringing total funding to $17.8M. Xapien will use the new capital to continue to redefine how businesses understand their third parties, enabling organisations of any size to carry out comprehensive due diligence in minutes, not days. It will do so by accelerating the development of its next-generation entity resolution engine, which includes advanced native language processing, integrations with top data suppliers, new enterprise features, and a continuous monitoring solution for "perpetual Know Your Customer (KYC)." Additionally, Xapien will use the funds to continue expanding into new sectors, such as financial services and large corporate partners, and grow its footprint in the US. Organisations today need to thoroughly understand their clients, suppliers, donors, applicants, and investors by asking not just 'can we' but 'should we' be in business with them. Conscious consumers, demanding ethical conduct and transparency from businesses, are voting with their wallets. Global instability, from geopolitical tensions to rapidly ...