February 21 (SeeNews) - Romanian tech startup Veridion said on Tuesday that it raised $6 million (5.6 million euro) in its latest seed round to support its expansion to the U.S. and continue the development of its proprietary artificial intelligence (AI) tools.
The company aims this year to open an office in New York in order to be in touch with its growing base of clients in the region, it said in a press release.
The seed round was supported by a number of European venture capital firms - LAUNCHub Ventures, OTB Ventures, Underline Ventures, Day One Capital, and GapMinder Venture Partners.
"We believe that the next generation of business decision engines, regardless of industry or vertical will require a completely new format of data. Predictive models will rely on AI more than human intuition and will be capable of processing exponentially more data as their core resource" said Florin Tufan, CEO and founder of Veridion.
Veridion, formerly known as Soleadify, is a Romanian AI and big data analysis startup which specialises in firmographic data. The company provides access to reliable data on 80 million businesses worldwide.
($=0.93799 euro)