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Valid8 Financial secures $8.5 million to revolutionize forensic accounting with AI

Valid8 Financial Inc., a rising star in the forensic accounting software sector, has successfully secured $8.5 million in a Series A funding round. The round was led by Silverton Partners, with notable contributions from Touchdown Ventures, First Trust,, and Capital Midwest. This funding propels Valid8’s total capital raised to $30 million, marking a significant milestone in its journey to transform financial investigations with cutting-edge technology.

Revolutionizing Forensic Accounting

Valid8’s pioneering software platform leverages artificial intelligence to provide verified evidence for complex financial matters, revolutionizing traditional forensic accounting methods. This innovative approach caters to a variety of white-collar crime investigations, including Medicaid fraud, high-net-worth divorces, M&A due diligence, and bankruptcy cases. The software skillfully parses and categorizes financial data from diverse sources like bank transactions, cryptocurrency movements, and even handwritten checks, presenting clear visualizations of fund flows and transactional relationships.

Efficiency and Expertise Combined

The platform’s ability to quickly process and reconcile financial data significantly reduces the time spent by forensic accountants on mundane tasks, allowing them to focus on in-depth analysis and evidence gathering. This not only streamlines the investigative process but also enhances the accuracy and reliability of findings, which are crucial for legal proceedings.

Growth and Expansion Plans

With the fresh infusion of capital, Valid8 plans to bolster its engineering and market outreach teams, primarily at its Boulder headquarters. The company aims to further refine its platform, expanding its capabilities and integration with various business applications. This strategic move is set to position Valid8 as a leader in AI-driven forensic accounting and expand its footprint in the financial investigation landscape.

Industry Applause

The platform has already garnered praise from notable industry players like Stout Risius Ross LLC, a global investment bank, highlighting its transformative impact on fraud investigation methodologies. Jason Wright, Managing Director at Stout, praised Valid8 for significantly reducing the time required to comprehend complex financial scenarios, freeing their team from exhaustive transactional reviews.

Chris McCall, CEO and co-founder of Valid8, emphasized the company’s commitment to shifting the paradigm in forensic accounting. “Our goal is to eliminate the reliance on sample risk assessments in accounting, providing a complete and comprehensive financial picture for our clients,” he stated. With its AI-driven approach, Valid8 is not only changing the face of forensic accounting but also contributing to the fight against financial crimes and fraud on a global scale.

Valid8 Financial’s recent funding success is a testament to the potential and necessity of AI in forensic accounting. The company’s ambitious vision to revolutionize the industry with its innovative technology is well on its way to becoming a reality, offering a glimpse into the future of financial investigations.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial, tax, or investment advice. It is always recommended to consult with a qualified financial advisor before making any investment decisions. The author and are not responsible for any actions taken based on the information provided in this article. Past performance is not indicative of future results. Investing involves risks, including the potential loss of principal. Always do your own due diligence before making any investment or financial decisions.
Bilgesu Erdem
Bilgesu Erdem
Bilgesu graduated from Ankara University, Faculty of Communication, Department of Radio, Television and Cinema. After working as a reporter for various television channels and a newspaper, Bilgesu is currently working as a content editor at Newslinker. She loves technology and animals.

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