Tech Company Financing Transactions
Verofax Funding Round
Verofax, based in Middletown, received $3 million in funding from KAUST Innovation Ventures, Navig8 and Plug and Play Tech Center.
Transaction Overview
Company Name
Announced On
8/27/2024
Transaction Type
Venture Equity
Amount
$3,000,000
Round
Undisclosed
Investors
KAUST Innovation Ventures (Lead Investor)
Navig8 (Lead Investor)
Plug and Play Tech Center (Lead Investor)
Proceeds Purpose
The company intends to use the funds to execute its pipeline of projects in the Middle East and EU, notably AI-powered guides in GCC and Sports fan guides in the EU and North America.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
651 N Broad St 206
Middletown, DE 19709
USA
Middletown, DE 19709
USA
Phone
Undisclosed
Website
Email Address
Overview
Founded in 2019, Verofax is at the forefront of revolutionizing Customer experiences across industries with innovative AI Augmented Reality solutions. Additionally, Verofax digital Twinning and traceability solution enables compliance and sustainable claims verification.?
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Wassim Merheby
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Where The Data Comes From
We do our best to report on tech company VC transactions. VC transactions reported here are sourced from company press releases and news coverage. The data is sourced from VentureDeal.com, an affiliated venture.
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