Business relationships now move faster than the processes built to protect them. Xapien's dynamic approach breaks a decades old compromise between speed and assurance.

Growing 350%+ in Annual Recurring Revenue over the last 24 months, Xapien is helping clients eliminate unmonitored third-party risk.

Xapien, the AI-native due diligence platform, today announced a $56 million investment round led by Spectrum Equity, a growth equity firm with two decades’ experience in risk and compliance technology, including World-Check and Verafin. Existing investor YFM Equity Partners also participated in the round. This growth investment will be used to build out Xapien’s U.S. presence, where it already generates 50% of its revenue, expanding its Boston office and relocating the CEO and other leaders.

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Business relationships are a key source of ongoing risk, yet budget and time constraints force organizations to reserve due diligence scrutiny for only a fraction of these counterparties, leaving them with significant blind spots. This gap in diligence coverage has consequences, as only 30% of organizations report having the bandwidth to assess even half of their business relationships.

Xapien’s dynamic due diligence platform enables full counterparty coverage and risk visibility without compromising on speed or scale. The AI-native platform delivers on the promise of automation with compliance-grade results. Xapien reads the open web, corporate records, sanctions lists, and media in any language – resolving against the thousands of similarly-named people and entities – then performs human-grade risk analysis and returns a clear, fully sourced and auditable report in minutes, not days. Xapien clients report 90% of onboarding cases can be fully automated and analyst teams can spend time on higher risk complex cases. Currently in beta, Xapien Live gives companies a persistent view of their counterparty risk, enabling them to transition from static, periodic diligence to continuous risk surveillance.

"Third-party due diligence has remained stubbornly manual for twenty years," said Chris Green, CEO of Xapien. "Hence, businesses have had to ration their scrutiny to a subset of relationships with one-off checks at the point of onboarding, leaving them massively exposed. This funding lets Xapien pursue its mission to give compliance, legal, and procurement teams full visibility on every counterparty, all the time, giving organizations the confidence to move at speed.”

Adam Margolin, Managing Director, Spectrum Equity added “Xapien represents a rare opportunity for Spectrum to back a team with deep domain expertise that has been laser focused on harnessing innovative AI technology to transform and automate enhanced due diligence. Xapien is fast emerging as a new standard for counterparty risk management, and we are excited to support Chris, Dan and Shaun in this next stage of growth.”

Xapien was founded in 2018 by Dan Secretan and Shaun O'Mahony along with CEO Chris Green who joined in 2022, all three veterans of BAE Systems' financial crime and national security divisions. The Company serves multinational corporations, law firms, private banks, and leading universities and nonprofits, as well as powering automation for leading professional services firms. The company has seen rapid market adoption, with 350 clients and partners in 15 countries now using Xapien to transform their due diligence capabilities. Representative clients include Greenberg Traurig, ABB, Dow Jones Risk & Compliance, and KPMG.

Commenting on the role that Xapien has played in modernizing the industry, Joel Lange, EVP & General Manager, Risk and Enterprise Dow Jones said "For too long, compliance teams have had to choose between the depth of their research and the speed at which they need to act. Xapien shows that automation can deliver both, helping organizations conduct rigorous due diligence more efficiently and make faster, smarter risk-based decisions.”

Built for highly regulated environments, Xapien transforms due diligence workflows and throughput, enabling organizations to scale operations and onboard business partners faster. Xapien’s mission is to make its dynamic due diligence the new global standard by which all organizations manage all third-party risk.

About Xapien

Xapien has established a new standard in enterprise due diligence in today's evolving risk landscape. With unparalleled accuracy and performance, Xapien’s AI-native platform provides complete visibility of third-party risk across any business’s ecosystem without sacrificing commercial speed.

The firm, founded by technology experts with decades of experience in intelligence and financial crime, is trusted by the world's largest companies. Xapien serves 350 clients across multinational corporations, law firms, private banks, and leading universities and nonprofits, as well as powering automation for leading professional services firms.

For more information visit www.xapien.com or follow us on LinkedIn.

About Spectrum Equity

Spectrum Equity is a leading growth equity firm providing capital and strategic support to category-leading software, artificial intelligence, and data businesses. Representative investments in the risk & compliance space include CyberCube, Empyrean Solutions, Ethoca, Netcraft, Origami Risk, Quavo, Verafin and World-Check. For more information, including a complete list of portfolio investments, visit www.spectrumequity.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260910477349/en/

Media Contact
Jessica Denny
Comms@xapien.com

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