About
Veryfi is an AI-powered expense and receipt capture platform. Founded 2017 in San Mateo by Ernest Semerda and Dmitry Birulia. Raised $18.9M total ($12M Series A April 2021 led by NewView Capital). 55 employees. Forbes #1 Best Receipt Scanner 2025. Customers include Navan, PepsiCo, Rippling, Mercury. Y Combinator alum. OEM provider to top spend management software companies.
Key Facts
- [1]Funding: Total funding: $13M. Last round: Apr 2021. Stage: Early Stage.
- [2]Employees: Employee count: 11-50.
- [3]Website: Official website: veryfi.com.
- [4]AI Technology: Core AI/ML technologies: Computer Vision.
- [5]Region: Region: Americas (United States).
Founder
Ernest Semerda
Co-founder & CEO
AI Technology
Computer Vision
Image and video processing, OCR, and document extraction
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Veryfi?
Veryfi is an AI-powered expense and receipt capture platform. Founded 2017 in San Mateo by Ernest Semerda and Dmitry Birulia. Raised $18.9M total ($12M Series A April 2021 led by NewView Capital). 55 employees. Forbes #1 Best Receipt Scanner 2025. Customers include Navan, PepsiCo, Rippling, Mercury. Y Combinator alum. OEM provider to top spend management software companies. Veryfi is classified in the Enterprise Finance segment at the Automation layer of the financial AI stack.
Who founded Veryfi?
Veryfi was founded by Ernest Semerda (Co-founder & CEO).
How much funding has Veryfi raised?
Veryfi has raised $13M in total funding, placing the company at the Early Stage stage. The most recent round closed in Apr 2021. Among 79 funded Enterprise Finance companies, Veryfi ranks #68 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Veryfi use?
Veryfi primarily leverages Computer Vision technology. Image and video processing, OCR, and document extraction. Within the Enterprise Finance segment, 11 companies use this technology.
What market segment does Veryfi operate in?
Veryfi operates in the Enterprise Finance market segment. AI enterprise finance companies are automating and enhancing the financial operations of businesses — from accounting and treasury management to financial planning, analysis, and corporate finance.
Where is Veryfi headquartered?
Veryfi is headquartered in San Mateo, United States. The company operates in the Americas region. The team consists of 11-50 employees. United States is home to 324 financial AI companies tracked by AIFI Map.
Who are Veryfi's competitors?
Companies similar to Veryfi in the Enterprise Finance space include Greenlite ($20M raised), Trumid ($722M raised), Pibit.ai ($8M raised), Puzzle ($67M raised), Pilot ($222M raised). These companies operate in related areas of financial AI: Greenlite focuses on ai agents that accelerate aml reviews. Trumid focuses on ai-powered fixed income trading platform. Pibit.ai focuses on agentic underwriting platform for carriers. (Based on AIFI Map classification data.)
What products does Veryfi offer?
Veryfi builds automation-layer solutions for the financial services industry. The company's core offering: AI expense and receipt capture. The platform is powered by Computer Vision technology.