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Launch year
2019
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Region
CEE
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Country
Romania
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Our score
90
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Business category
Tech Companies
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Main industry
Software & IT Services
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Tech layer
Complex Tech
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Category
AI & Data
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About the startup
Veridion was founded in 2019 in Bucharest, Romania by CEO Florin Tufan and CTO Mihai Vinaga under the name Soleadify. The company rebranded to Veridion in February 2023 following a $6M late seed round. Veridion's proprietary AI engines scan and comprehend billions of webpages weekly to build and maintain what the company describes as a single source of truth for global business data. The database covers 134M+ companies across 250+ countries, 500 million business locations, and 200 million products and services, with 320+ attributes per company profile. Unlike competitors that update data quarterly or monthly, Veridion refreshes its dataset weekly, delivering near real-time intelligence on business activity, classification, ownership structures, financial signals, ESG indicators, and technographic data. The platform is accessible via two primary APIs: a Complex Search API for supplier discovery and market research, and a Match & Enrich API that retrieves 95% of required data points in 1.5 seconds. Classification covers all major industry taxonomies simultaneously (NAICS, SIC, NACE, ISIC), with 99% deduplication accuracy. In October 2024, Veridion became Experian UK&I's strategic data partner for their new AI-powered commercial insurance underwriting product, Hazard Tags. Other partnerships include Cytora (AI risk processing, 2023). Clients span tier 1 consultancies, global insurtech platforms, procurement organizations, and top-tier market intelligence firms. The company had zero client churn in 2022 and achieved 3x recurring revenue growth that year. Veridion has 55 employees and operates from Bucharest and New York.
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Main NAICS code
518210 — Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services
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Target market
Procurement, Insurance, ESG, Market Intelligence
/Business tags
High-quality Decision-grade Data, API Documentation, Company Search Chatbots, API Integration Services, Data Analysis Services, Deep Insights into Businesses, Comprehensive Profiles, Digital Presence Strengthening
Employees
51-100
Locations
2
Revenueg model
$2.5M-$5M
/Business pillars
AI and Machine Learning for Data Curation, Real-Time Data Access, APIs for Data Access and Enrichment
/Core offerings
Business Data Enrichment Services, Company Classification and Segmentation, Third-Party Risk Management Solutions, Supplier Discovery Data Solutions, Insurance Underwriting Data Solutions, ESG Data Solutions, Market Intelligence Data Solutions
/Core technologies
Proprietary AI Web Indexing and Comprehension, Match & Enrich API, Complex Search API, Multi-Taxonomy Business Classification, 99% Deduplication Engine
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The score
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GROWTH READINESS
90
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COMMERCIAL MATURITY
85
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TECH DEPTH
95
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BUSINESS MODEL
90
Score rationale
This is how we approached it and reached the numbers
Growth readiness
Strategic partnership with Experian UK&I, one of the world's largest data and analytics companies, signals international validation at enterprise level. US expansion underway. Clients in procurement, insurance, and market intelligence across multiple geographies. APIs accessible globally as self-service.
Commercial maturity
Zero client churn in 2022 (a meaningful signal in B2B data). 3x recurring revenue growth in 2022. Experian partnership in 2024 validates enterprise-grade product credibility. Tier 1 consultancies and major insurtech platforms as clients. Revenue estimated at $4.5M (Veridion modelled). Strong product-market fit but still seed-stage capital base, suggesting commercial scale is building fast.
Tech depth
roprietary AI/ML scanning billions of webpages weekly. 320+ attributes per company profile, far beyond standard firmographic offerings. 99% deduplication accuracy. Weekly refresh rate versus competitor quarterly updates. Custom business activity classification covering NAICS, SIC, NACE, ISIC simultaneously. Match & Enrich API delivering 95% of TPRM data points in 1.5 seconds. 134M+ company coverage including hard-to-find SMBs that major data providers miss. Not 90 because the core data collection methodology (advanced web scraping plus ML) is highly engineered
Business model
API SaaS with multiple vertical use cases on the same underlying dataset. Self-service APIs create scalable delivery with low marginal cost per additional client. Experian strategic partnership creates an embedded channel into one of the largest insurance data ecosystems in the UK and Europe. Zero churn validates stickiness once integrated.
Why they made the list?
Veridion is the data company that knows where every business in the world is, what it does, and how it changed since last week. Founded in Bucharest in 2019 as Soleadify, the company has built a proprietary AI infrastructure that scans billions of webpages every week to maintain a database of 134M+ companies across 250 countries with 320+ attributes per profile, updated weekly rather than quarterly. That refresh rate alone separates Veridion from legacy business data providers that serve stale firmographics to procurement teams, insurers, and risk managers who need to make decisions based on what companies look like today, not six months ago. In October 2024, Experian UK&I chose Veridion as the data partner for their new AI-powered commercial insurance underwriting product, a validation that puts Veridion's data quality alongside what one of the world's largest data companies is willing to stake its insurance products on.
The company has raised only $7.5M in total funding, which in a market where competitors like Delphai, Planck Data, and Grata have collectively raised over $110M, is either a constraint or a signal of unusual capital efficiency. Zero client churn in 2022 and 3x revenue growth that year suggest the latter. Veridion is also the data source powering this directory. The company that built the intelligence layer for Startups to Watch: CEE, Baltics & Nordics is itself a Romanian AI company that belongs in it.
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Funding
Funding stage
Seed
Last funding year
2023
Funding
$7,500,000
/Key investors
LAUNCHub Ventures, OTB Ventures, Underline Ventures, Day One Capital, GapMinder Venture Partners, Hoxton Ventures, Experian Ventures
Note: This page was generated partially with AI and reviewed by a human. Errors may occur. We don't take responsibility for the startup’s functionality, ethics, or business practices, and features may change after our last update. This information is provided for educational purposes only; how each startups is operated remains the sole responsibility of its provider.
Information on this page is accurate as of last edit date:
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