Valid8 Financial Raises a $8.5 Million Fund from Series A Round

The investment comes at a critical juncture, as the Department of Justice and the Federal Trade Commission report increased fraud prosecutions and reported losses.

FREMONT, CA: Accountants, attorneys, and government investigators have long relied on antiquated procedures to track the flow of money and gather evidence. Increased fraud prosecutions indicate more work to be done than ever before with the rise of digital payment platforms and cryptocurrency. Valid8's approach enables investigators to obtain a complete financial picture in days rather than weeks or years while removing sample risk.

“Prosecutions and civil litigation stemming from fraud and other financial malfeasance are among the most complex cases in our justice system. Forensic accountants and attorneys require certainty in their investigations, which is why it may take months or even years to uncover the truth behind thousands or millions of financial transactions. Valid8's unique approach to delivering Verified Financial Intelligence leverages AI to expedite the process while meeting the highest data quality standards for courtroom-ready evidence that expert witnesses can rely on,” says Chris McCall, CEO and co-founder of Valid8 Financial. 

Valid8 Financial, the market leader in Verified Financial Intelligence, declared a $8.5 million Series A round led by Silverton Partners, with Touchdown Ventures, First Trust, CPA.com, and Capital Midwest participation. Valid8 provides accounting and law firms with AI-powered forensic accounting solutions, allowing them to untangle a web of complex financial transactions in hours rather than weeks.

“Valid8s technology is designed to eliminate sample risk from accounting. It's eye-opening to have the complete picture and not be forced to base one's opinion on a finite portion of a financial history,” adds Chris McCall. 

Valid8s technology provides verifiable evidence in complex financial matters and white-collar crime investigations, such as Medicaid fraud, partnership disputes, asset division, high-net-worth divorces, M&A diligence, audits, and Chapter 11 bankruptcies.

The company employs cutting-edge AI and automation technology to quickly parse, reconcile, and categorize financial data from various sources, including bank transactions, Bitcoin deposits and withdrawals, and even handwritten checks. Valid8s AI makes no decisions about fraudulent activity. It provides visualizations that show the flow of funds and clarifies which transactions need to be reviewed by a professional investigator.