Xapien Raised $56 Million for US Expansion

The risk assessment firm secured new funding to scale its operations after seeing massive revenue growth.

Updated on Sept. 28, 2026 in Startups

Isometric editorial illustration of opaque stone blocks and steel connectors forming an interconnected grid representing a data network. — Risk assessment platform Xapien has raised $56 million in a funding round led by Spectrum Equity to fuel its expansion into the U.S. market. AI Illustration. Upload story photo >

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Xapien, an automated third-party risk assessment platform, has successfully raised $56 million in a funding round led by Spectrum Equity. The company plans to use the capital to fuel its expansion across the United States.

Why it matters

Many businesses currently rely on manual processes for third-party risk assessment, creating critical gaps in security and scrutiny. Xapien aims to solve this by automating 90% of onboarding cases for its clients.

Xapien has seen its annual recurring revenue grow by more than 350% over the last 24 months, with 50% of its revenue now derived from the United States. The platform currently supports 350 clients and partners across 15 countries.

The players

Xapien

This risk assessment firm uses automation to streamline third-party verification for companies.

Spectrum Equity

This growth equity firm acted as the lead investor in the latest $56 million funding round for Xapien.

Chris Green

He has served as the Chief Executive Officer of Xapien since joining the company in 2022.

YFM Equity Partners

This investment firm participated in the funding round alongside the lead investor.

The details

The Xapien platform pulls data from open web sources, corporate records, media reports, and sanctions lists to provide comprehensive risk insights. The company is currently testing a new product called Xapien Live, which provides continuous oversight of counterparty risk.

Xapien was founded in 2018.
Chris Green joined as Chief Executive Officer in 2022.
Annual recurring revenue grew over 350% in the past 24 months.
The funding round was announced on September 28, 2026.

Market Landscape

Xapien is capitalizing on the broader industry move toward automated KYC and AML compliance solutions. By replacing manual checks with software, the company is positioned to challenge traditional due diligence firms that lack these scalable, high-speed capabilities.

Clients using Xapien can expect more streamlined onboarding as the company continues to automate risk assessments. As the firm expands in the US, businesses in the area may see increased availability of these automated tools for their third-party risk operations.

The takeaway

Automated risk platforms are increasingly essential for companies looking to mitigate third-party vulnerabilities efficiently. Implementing tech-driven oversight like Xapien Live can help businesses move from static checks to proactive, continuous monitoring.