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Xapien funding round raises $56m led by Spectrum Equity

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Xapien funding round raises $56m led by Spectrum Equity

Xapien, the AI due diligence platform, has raised $56m in a growth investment round led by Spectrum Equity, the company announced on Friday. Existing investor YFM Equity Partners also took part.

The company said the money will be used to build out its US presence, which already generates 50 per cent of its revenue. It plans to expand its Boston office and relocate chief executive Chris Green and other senior leaders to the US.

Xapien said its annual recurring revenue has grown by more than 350 per cent over the past 24 months. It now has 350 clients and partners in 15 countries, according to the company, including Greenberg Traurig, ABB, Dow Jones Risk & Compliance and KPMG.

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What the platform does

Xapien’s software reads the open web, corporate records, sanctions lists and media in any language, and resolves results against similarly named people and entities. It then produces a sourced and auditable risk report, which the company says takes minutes rather than days.

The company said clients report that 90 per cent of onboarding cases can be fully automated, leaving analyst teams to concentrate on higher risk, complex cases.

A product called Xapien Live, currently in beta, is designed to give companies a continuous view of counterparty risk rather than relying on periodic checks.

Xapien pointed to a gap in how widely businesses check their partners. It said only 30 per cent of organisations report having the bandwidth to assess even half of their business relationships, with budget and time constraints limiting scrutiny to a fraction of counterparties.

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“Third-party due diligence has remained stubbornly manual for twenty years,” said Green. “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.”

Investors and background

Spectrum Equity is a growth equity firm that the announcement said has two decades of experience in risk and compliance technology, including World-Check and Verafin.

Adam Margolin, managing director at Spectrum Equity, said: “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. Green joined as chief executive in 2022. All three previously worked in BAE Systems’ financial crime and national security divisions.

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The company’s customers include multinational corporations, law firms, private banks, universities and nonprofits, and it also powers automation for professional services firms.

The latest round follows the company’s £8m Series A in 2024, which was led by YFM Equity Partners and took its total funding at the time to £14m. The deal also lands in a year when AI companies accounted for the bulk of the record $17bn raised by UK start-ups in the first half.

Joel Lange, executive vice president and general manager, risk and enterprise at 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.”

Xapien said its mission is to make its dynamic due diligence the global standard for how organisations manage third-party risk.

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Jamie Young
About the author

Jamie Young

Jamie Young is Senior Reporter at Business Matters, covering SME finance, employment law and Westminster policy since 2016. He has reported on every Budget and Autumn Statement since 2018, helped make sense of the ‘covid era’ and the bounce-back loan scheme from launch through the fraud investigations, and broke the magazine’s coverage of the 2024 late-payment reforms. He joined Business Matters straight from completing his BA in Administration from Exeter University and is NCTJ-qualified. Reach him at jyoung@cbmeg.co.uk

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Building a Career on Service and Integrity

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Building a Career on Service and Integrity

From emergency scenes to hospital hallways, classrooms, and military service, Schmidt has spent decades preparing for situations where every decision matters.

Based in Tyler, Texas, Schmidt has built a career across emergency medicine, nursing, fire service, law enforcement, and emergency management. Along the way, he has earned a long list of professional licenses and certifications. Yet he believes his greatest achievement is much simpler.

“The legacy you leave your kids and family is what matters most,” Schmidt says. “Everything else comes after that.”

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That mindset has guided his work from the beginning.

How Edward Schmidt Built a Career in Emergency Medicine

Schmidt’s career has never followed a straight line. Instead, each role added another layer of knowledge.

He became a licensed paramedic, later earned his Registered Nurse credentials, and expanded into EMS instruction. He also served as a Texas firefighter and Texas peace officer before continuing his work in healthcare and emergency response.

His education never stopped. Schmidt completed advanced certifications in trauma care, pediatric life support, tactical medicine, hazardous materials, critical incident stress management, emergency management, and numerous FEMA training programs. He also completed military training with the Texas State Guard, graduating with honors in multiple leadership courses.

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For Schmidt, learning has always been part of the job.

“Keep learning new things,” he says. “If you stop learning, you stop growing.”

That attitude has helped him stay current in fields where standards, technology, and best practices constantly evolve.

Why Continuous Learning Matters in Healthcare Leadership

Healthcare and emergency response leave little room for complacency. Procedures change. Equipment improves. New challenges appear.

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Schmidt believes professionals have a responsibility to keep improving, not only for themselves but for the people who depend on them.

His credentials reflect that commitment. He has served as an instructor for Advanced Cardiac Life Support (ACLS), Basic Life Support (BLS), Pediatric Advanced Life Support (PALS), and Trauma Nursing Core Course (TNCC). Teaching has become just as important as practicing.

“When you can teach others along the way and they succeed, that’s one of the best parts of the job,” Schmidt says.

Watching students become confident professionals gives him a different kind of satisfaction than earning another certification.

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What Leadership Means to Edward Schmidt

Many people define leadership by titles. Schmidt defines it by consistency.

Throughout his career, he has worked in high-pressure environments where preparation, communication, and accountability directly affect outcomes.

His approach begins with integrity.

“Integrity is doing the right thing even when nobody is watching,” he says.

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That philosophy extends beyond emergency response. Whether working with patients, training future providers, or serving alongside fellow professionals, Schmidt believes trust is earned through actions repeated over time.

He also values organization and discipline.

“Time management is one of the biggest skills anyone can develop,” he says. “If you manage your time well, you can accomplish much more than you think.”

Overcoming Challenges Through Persistence

Like many successful professionals, Schmidt’s career has included obstacles.

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One challenge he openly discusses is dyslexia. Rather than allowing it to define him, he learned how to adapt and keep moving forward.

He also believes that failure can become one of the best teachers.

“If you fail at a task, stick with it until you accomplish it,” Schmidt says.

That perspective reflects years spent working in demanding professions where persistence often makes the difference between success and failure.

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He credits much of his character to his grandfather, William Earl Hudson, who raised him and taught him values that continue to guide his decisions today.

Those lessons shaped his belief that character is built over time through consistent effort.

Military Service Reinforced a Lifetime of Discipline

Schmidt’s commitment to service continued through the Texas State Guard.

His military record includes honors in Basic Operation Training, Officer Candidate School, Officer Basic Course, Direct Commission Officer Course, and Military Emergency Management. He also received multiple Texas Medal of Merit awards, the Texas Meritorious Service Medal, and the Texas State Guard Service Medal.

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Rather than viewing those recognitions as personal accomplishments, Schmidt sees them as reminders of responsibility.

Leadership, he believes, is about remaining dependable when others are counting on you.

Edward Schmidt’s Lasting Impact on Healthcare and Emergency Response

Today, Schmidt continues to represent a career built on preparation, education, and service.

His work spans emergency medicine, nursing, instruction, emergency management, and military service, giving him a broad perspective on how different parts of public safety work together.

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Outside of work, he enjoys golfing and spending time with his children and friends. Those moments provide balance after years spent in demanding professions.

Looking back, Schmidt measures success differently than many people might expect.

Awards and certifications are meaningful, but they are not the destination.

Instead, he returns to the same principle that has guided him throughout his career.

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“Leave a legacy your family can be proud of,” he says.

For Edward Schmidt, leadership has never been about recognition. It has been about serving others, continuing to learn, and helping the next generation succeed. Those values continue to define both his career and the example he hopes to leave behind.

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Cochin Shipyard shares tumble 12% over 2 sessions. Should you buy after multibagger corrects 26% in a year?

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Cochin Shipyard shares tumble 12% over 2 sessions. Should you buy after multibagger corrects 26% in a year?
Shares of Cochin Shipyard dropped another 3% on Tuesday, extending sharp losses for the second consecutive session after management commentary during a recent analyst call spooked investors.

Cochin Shipyard shares fell to Rs 1,336 apiece on Tuesday morning. The stock crashed over 9% on Friday, recording its worst single-day plunge in more than two years. Overall, the stock has fallen more than 12% in just two straight sessions.

The sharp drop in the defence major’s share price was triggered after the company’s management, during an analyst conference call on Thursday, indicated that it is aiming for an EBITDA margin of 14% over the next two financial years, Business Standard reported. This is sharply lower than the 24% EBITDA margin reported for FY26.

Also read |Dividends and stock splits: Hindustan Copper, Cochin Shipyard among 200+ stocks with record dates this week. Check full list

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ICICI Direct highlighted that Cochin Shipyard’s management expects FY27 revenue growth to stand at around 12-15%, supported by improving execution across shipbuilding and ship repair, with the company targeting 10 vessel deliveries during the year. The current order book stands at around Rs 22,000 crore, providing strong medium-term revenue visibility, and the order pipeline remains strong across both defence and commercial shipbuilding, the brokerage said.


It noted that the management expects FY27 operating cash flow to turn positive, supported by higher vessel deliveries and milestone-based collections as execution accelerates, and remains confident of sustaining growth over the medium term, supported by a combination of strong order visibility, improving execution, new shipbuilding capacity and the scaling up of the ship-repair business.
The domestic brokerage has a ‘Hold’ call on the shares of Cochin Shipyard with a target price of Rs 1,590 apiece, implying more than 15% upside potential from the stock’s previous closing price of Rs 1,381 apiece.

Cochin Shipyard and Drydocks World form joint venture

Drydocks World, a DP World company, and Cochin Shipyard last week announced the signing of a joint venture agreement to operate and expand the International Ship Repair Facility (ISRF) Cochin. The deal builds on the Memorandum of Understanding (MoU) signed by Drydocks World (DDW) and the Indian defence major during India Maritime Week 2025, under which the two organisations agreed to explore opportunities for collaboration in ship repair and allied maritime services

Under the arrangement, the joint venture will operate, consolidate and expand the International Ship Repair Facility (ISRF) in Cochin, creating additional capacity to service a wider range of vessels and meet the growing requirements of Indian, regional and international customers.

The partnership is expected to strengthen Cochin’s position as a maritime services hub, while creating opportunities across ship repair, engineering, fabrication and associated maritime services in Kerala.

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Also read |Cochin Shipyard Ltd and Drydocks World form joint venture to strengthen India’s ship repair industry

Cochin Shipyard share price

Cochin Shipyard shares have fallen around 12% in a week and 10% in a month, overall being down 17% in 2026 so far. The stock has overall fallen more than 25% in one year.

In the longer term, Cochin Shipyard shares have delivered multibagger returns of around 144% in three years and 628% in five years. The company has a market capitalisation of around Rs 35,453 crore.

Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.

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Tempus AI, Inc. (TEM) Presents at Morgan Stanley 24th Annual Global Healthcare Conference Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript