Detected, a London, UK-based provider of an agnostic business verification platform, completed a £600k seed funding round.
The round was led by Hong Kong based EmergeVest with participation from
- Stephen Garland, Chief Technology and Product Officer at Trustpilot, who has also joined Detected’s advisory board
- Vinny Patel, Managing Director of Accenture
- Mark Brammer, Strategic Investments and Growth Lead at Accenture Products UK&I
- Richard Pope, Founder & CEO of Data Leaders and Founder of Procurement Leaders
The company intends to use the funds for product development, continued commercialization and global expansion.
Led by Liam Chennells, Chief Executive Officer, and Peter Youell, CTO, Detected provides an agnostic business verification platform, which enables B2B buyers and sellers to trade with confidence. The verification platform analyses thousands of data points for every business and can process thousands of verifications per minute. This automated, rapid insight enables marketplace operators and businesses to reduce fraud, accelerate trading and grow revenue. Since closing its £250k pre-seed in September, the company has secured committed customers and commercial partners across both corporate businesses and marketplaces.
The company launches its AI-powered platform in early December.