As part of its Series A funding announcement, Valid8 Financial, the leader in Verified Financial Intelligence, has announced an investment of $8.5 million led by Silverton Partners along with Touchdown Ventures, First Trust, CPA.com, and Capital Midwest. It is the company's mission to provide accounting firms and law firms with an AI-powered forensic accounting solution, making it possible for them to untangle complex financial transaction chains in hours rather than weeks.
According to the Department of Justice and the Federal Trade Commission, the government's investment comes at a critical time, as prosecutions and reported losses resulting from fraud are on the rise.
As the CEO and co-founder of Valid8 Financial, Chris McCall, said, "Prosecutions and civil litigation stemming from fraud and other financial malfeasance are among the most complex cases facing our justice system.". It is often the case that forensic accountants and attorneys need certainty in their investigations, which is why it may take them months or even years to uncover the truth behind thousands or even millions of financial transactions that have taken place over the past few years.. With Valid8's unique approach to delivering Verified Financial Intelligence, we leverage artificial intelligence to expedite the process while at the same time meeting the highest standards of data quality to deliver courtroom-ready evidence for expert witnesses to rely on
With Valid8's unique approach to delivering Verified Financial Intelligence, we leverage artificial intelligence to expedite the process while at the same time meeting the highest standards of data quality to deliver courtroom-ready evidence for expert witnesses to rely on
We offer technology that verifies evidence for a wide variety of complex financial matters and white-collar crimes investigations, including Medicaid fraud, partnership disputes, asset division, high-net-worth divorces, M&A diligence, audits, bankruptcy proceedings, and more.

Source prnewswire