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South African-founded AI startup Verascient has raised $1.2 million in its first funding round.
Verascient turns knowledge scattered across documents, systems and individuals into shared organisational context, then builds the workflows and agents that allow teams to use it in their day-to-day work.
The round was backed by Founder Collective, Andrena Ventures, Cambridge Enterprise, and Summit Ventures, with participation from Alan Knott-Craig, Shayne Mann and other select angel investors.
“At the centre of Verascient’s technology is a temporal knowledge graph designed to build and maintain a comprehensive understanding of an organisation, ensuring that information that was once scattered quickly becomes securely available to AI agents while preserving the history, permissions and provenance behind the information,” says Emile Ferreira, co-founder and CTO at Verascient.
“There is a significant difference between giving employees access to an AI tool, and building a company that can operate intelligently with AI. Verascient bridges that gap by working directly with businesses to understand how their people and processes operate, and providing the secure infrastructure that enables AI agents to understand the organisation, work within its existing systems and access controls, and deliver valuable results,” adds Ferreira.
Keagan Stokoe, co-founder and CEO at Verascient, says: “AI is far more capable than most businesses yet realise. The opportunity is to improve existing processes and, in many cases, rethink how the company works altogether. We start with the work that matters: revenue, operations, customer experience, decision-making and delivery. Sometimes we improve a workflow. Often, we show the team there is a better way to do it. We build the context, systems and agents around the team, then work alongside them to make that change real. The result is a company that is faster and more capable. Each improvement makes the next one easier, so the advantage compounds over time.”
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