AI-powered employee verification platform Vetty has scored $4m in its pre-Series A funding round, which was led by existing backer 3Lines Venture Capital.
In conjunction with the investment 3Lines general partner Krishna Kunapuli has joined the Vetty board of directors.
Vetty is an AI-backed employee verification solution which is designed for the gig economy. Companies can access a dashboard which streamlines the process of onboarding new staff and the compliance processes such as document checking and identity verification.
Its clients include Masterclass, Wag!, Fulcrum, WeWork, Bellhop and more.
The investment comes after a strong year of growth for Vetty, it claims, having added a number of new clients to its platform.
Subrat Nayak founder and CEO of Vetty said, “As an industry, we’re just scratching the surface of the background verification market.
“We are working hard to truly dominate this fast-growing market and 3Lines has been more than an investor for us. They have created tremendous value by bringing in their expertise in the AI-enabled tech startup world and guiding us to steer clear of the pitfalls, and working with us on formulating key business strategies. We are confident, with their expert guidance, that we will continue to find success.”
Copyright © 2018 RegTech Analyst
