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Insurtech startup raises £1m to launch AI-powered forensic fraud detection

By 2025-09-23T11:01:00

dan sandler

’Our mission is to help insurers make more informed decisions on fraud faster which we do by offering reasoning behind why a document presents a risk of fraud to guide their investigation,’ says founder

Manchester-based insurtech startup Veridox has successfully raised £1 million to launch a new AI-powered forensic document and image manipulation analysis platform for insurers. 

The offering instantly detects instances of potential manipulation that either would not be possible to or would take extensive manual investigation to uncover. For example, in the company’s first meeting with a $3bn insurer, its minimum viable product identified £50,000 of fraud in a single case within seconds. 

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