Valid8 Financial, a Boulder, Colorado-based company specializing in AI-powered forensic accounting solutions, has secured $8.5 million in Series A funding.
SaaS Investors
The round was led by Silverton Partners, with participation from Touchdown Ventures, First Trust, CPA.com, and Capital Midwest.
Founded in 2006, Silverton Partners is a venture capital firm based in Austin, Texas. The firm focuses on the Seed and Series A rounds of a startup's lifecycle across a variety of industries including enterprise SaaS, cybersecurity, consumer marketplaces, financial services, insurance, real estate technologies, digital healthcare, etc.
Valid8 Financial Use of Funds
The company will use the funding to support further investment in engineering and go-to-market teams at Valid8's Boulder, Colorado headquarters.
About Valid8 Financial
Valid8 Financial provides AI-powered forensic accounting solutions to accounting and law firms, enabling them to untangle a web of complex financial transactions in hours instead of weeks. Valid8's technology aims to expedite the forensic accounting process by rapidly parsing, reconciling, and categorizing financial data using AI and automation. The platform provides verified evidence for various complex financial matters and investigations, including Medicaid fraud, partnership disputes, high-net-worth divorces, and more. Valid8 Financial holds numerous patents and was recognized in 2023 as a Top Financial Restructuring Services Provider from Financial Services Review and in 2022 as a Technology Innovation Award Winner from CPA Practice Advisors and as a Top 100 Early Stage Company by Will Reed. The company has headquarters in Boulder and Seattle.
Funding Details
Company: Valid8 Financial, Inc.
Raised: $8.5M
Round: Series A
Funding Month: November 2023
Lead Investors: Silverton Partners
Additional Investors: Touchdown Ventures, First Trust, CPA.com and Capital Midwest
Company Website: https://www.valid8financial.com/
Software Category: Accounting Software
Source: https://www.prnewswire.com/news-releases/valid8-financial-accelerates-growth-shaping-verified-financial-intelligence-category-302001037.html