Valid8’s Verified Financial Intelligence platform automates extraction of source documents (bank statements including Bitcoin, brokerage statements, checks and deposit slips), performs quality assurance, reconciles and traces flows of funds, and generates visualizations and automated evidentiary reports. The product includes AI-powered bank statement extraction, automated transfer and cash-journal matching, multicurrency support (166 currencies, including Bitcoin) with daily ECB exchange rates, AI categorization, and chain-of-custody linkage of every transaction to source documents. The company says the platform delivers courtroom-ready evidence in hours instead of weeks or months and is used by accounting firms, law firms and government agencies. Valid8 completed TechStars in 2017, closed a seed round in 2021 and closed an $8.5 million Series A in November 2023. The company reports it has doubled revenue each year since 2019 and has resolved more than 20,000 cases, supports over 1,800 users, and has verified more than 400 million transactions. Valid8 plans to extend the platform into additional use cases including transaction advisory (M&A diligence) and financial statement audits and to maintain leadership in complex fraud investigations and crypto bankruptcies. The company intends to use recent funding to support engineering and go-to-market teams based at its Boulder, Colorado headquarters.

Total raised

$9M

Funding rounds

1

Latest round

Series A

Latest activity

Feb 2024