Xapien, an AI due diligence provider from London, raised £8M in Series A funding.

The round, led by YFM Equity Partners, brings Xapien's total funding to £14M. The company plans to use the funds for expansion into sectors like financial services and to grow its presence in the US market.

With the new capital, Xapien aims to strengthen its market position, leveraging AI and NLP for rapid, automated background research and risk assessment.

Led by CEO Chris Green, Xapien offers a SaaS platform that allows businesses to conduct on-demand research on their third-party partners efficiently.

The funding will also aid in enhancing its platform's capabilities, ensuring users can swiftly identify both risks and opportunities within their networks.