Veridox Secures £1 Million to Launch AI-Powered Forensic Fraud…

Team S · 2025-10-16T12:38:29.000Z

Veridox, a Manchester-based insurtech startup, has raised £1 million in seed funding to develop an AI-driven platform that detects document and image manipulation in insurance claims. The funding round was led by Outward VC, with participation from Solo Investments Holdings Limited. Founded by Dan Sandler, a former solicitor and serial entrepreneur, Veridox aims to provide insurers with explainable, court-ready insights to combat the estimated €13 billion annual cost of insurance fraud in Europe. The company is currently collaborating with 15 leading UK insurers and plans to expand its 13-person team to support a wider market launch later this year.

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Veridox Secures £1 Million to Launch AI-Powered Forensic Fraud… | Newnex