Verofax secures $3M in Bridge funding to deploy AI & AR experiences to tourists and sports fans

Verofax funding

Verofax Limited, a Web3 services company, today announced closing a $3M bridge round led by international investors Plug & Play Tech Center, Navig8 Group, King Abdullah University for Science and Technology, Trove Capital UK follow-on investment, Jawa Brothers Advisory, with Alzamil Pedco CVC and Tracecore CVC completing the list of investors. Verofax applies patented Web3 […]

Green Passports for EU Trade: Your Essential Guide to Winning in the New Carbon Era

Green Passports

Green Passports Amidst the ever-evolving regulatory landscape geared towards combating global warming, international trade stands at a pivotal juncture. The European Union formalized the Carbon Border Adjustment Mechanism (CBAM) on 17th August 2023, laying down directives for its transitional phase, effective until 31st December 2025. Major global exporters of crucial commodities to the EU, encompassing […]

Rocket-fuelled results: Verofax is scaling up

Verofax is a traceability specialist for consumer packaged goods (CPG) brands. By creating a digital passport for each item in an inventory, and situating all of those passports within a digital twin, the startup makes inventories interactive and entirely traceable – driving highly accurate brand metrics and operational excellence. Verofax won the Artificial Intelligence award […]

How Augmented Reality & Smart Cities Mesh

Introduction to Augmented Reality What’s the story behind AR? Augmented Reality is a game-changer in the realm of technology. It’s like a secret lens that exposes an invisible layer of information right on top of our physical world. From enhancing gaming experiences to aiding complex surgeries, AR is creating waves. But, did you know it […]

Retail’s Unlikely Savior

The retail industry has been facing numerous challenges, most notably, a global pandemic, declining footfall in brick-and-mortar stores, and customer reluctance towards physical interactions. These hurdles have given rise to an urgent need for creative solutions. Recent developments suggest augmented reality (AR) technology might be retail’s unexpected savior, transforming the way consumers shop. Retail’s Pains: […]

Marketing’s Cookie-Less Future

The advertising and marketing landscape is on the brink of a significant shift towards privacy, leading us toward a cookie-less future. Over the past decade, marketers have leveraged third-party cookies to fine-tune their approaches, foster brand-customer relationships, and measure the effectiveness of their campaigns [[1](https://www2.deloitte.com/us/en/insights/topics/marketing-and-sales-operations/global-marketing-trends/2022/the-future-of-marketing-in-a-third-party-cookieless-world.html)]. However, increasing concerns over data privacy and the misuse of […]

Verofax Partners with Twin Science, Sponsoring Scientific Research on Sustainability.

Verofax, a Smart serialization and traceability solution provider recently joined forces with children’s STEM app Twin Science & Robotics, in sponsoring a scientific expedition to Antarctica to research the effects of microplastics on life, the environment and the melting of ice caps. Verofax, Twin Science & Robotics, and LikeToBe share a common aim of providing […]

Verofax Wins Artificial Intelligence Award at LEAP23

Verofax, the leading MarTech solution for marketing and operational efficiencies, was crowned the winner of the Artificial Intelligence Award at the Rocket Fuel Startup Competition during the LEAP 2023 event in Riyadh (Feb 6-9). The award, powered by the Saudi Arabian National Technology Development Program and worth $150,000, recognizes Verofax’s disruptive approach to product digitization, utilizing cutting-edge artificial intelligence and computer […]

Verofax to raise US$750,000 on Beban Crowdfunding Platform

Verofax, the leader in brand marketing and AI-powered solutions for enterprise, was featured on Beban 2 (Episode 9, Mar 1, 2023), the hit entrepreneur & investment-themed reality TV program airing on Bahrain TV, Alrai TV and Dubai TV, as well as Shahid, the region’s largest video-on-demand platform. Beban is the world’s first TV show to provide an interactive crowdfunding element – Beban […]

Verofax – one of the Finalists for FINTECH SME Awards 2021

Verofax is proud to announce that we are selected as the Finetech SME Awards 2021 (Small and medium-sized enterprises) as a finalist. Verofax lending decision automation and customer recommendation services lowers risk and optimizes bank’s profits with advanced assessment tools that augment staff capabilities. What Is SME Awards? “The SME Awards identify start-ups, innovative SME’s with exemplary products […]