Verofax Limited, founded in 2018, is a technology company specializing in asset digitization and traceability solutions. Verofax leverages blockchain, artificial intelligence (AI), and augmented reality (AR) to enhance supply chain transparency and customer engagement.

Since its inception, Verofax has focused on developing innovative solutions to address challenges in supply chain management and product authentication. The company has experienced steady growth, expanding its team to approximately 33 employees and establishing a presence in over 50 markets worldwide.

Verofax has attracted significant investment to support its expansion and technological development. In September 2024, the company secured a $3 million bridge funding round led by international investors, including Plug & Play Tech Center, Navig8 Group, King Abdullah University for Science and Technology, Trove Capital UK, Jawa Brothers Advisory, Alzamil Pedco CVC, and Tracecore CVC. This funding aims to enhance Verofax's AI and AR capabilities across various sectors.

Verofax offers a comprehensive platform designed to boost business productivity through asset digitization and traceability. Key features include:
 

• Product Authentication: Utilizes blockchain technology to verify product authenticity, combating counterfeiting.
   
• Supply Chain Traceability: Provides end-to-end visibility of the supply chain, ensuring compliance and transparency.
   
• Customer Engagement: Transforms products into interactive experiences using AR, enhancing consumer interaction.
   
• Sustainability Tracking: Enables verification of sustainable claims, promoting environmentally friendly practices.
   
• ERP/CRM Integration: Seamlessly integrates with existing enterprise systems for streamlined operations.
   

These features empower businesses to increase consumer satisfaction and validate transactions securely on permissioned networks.

As of now, there are no publicly available records of Verofax engaging in acquisitions. The company continues to focus on expanding its product offerings and enhancing its platform's capabilities through internal development and strategic partnerships.

Verofax is committed to innovation, regularly updating its platform to incorporate advanced technologies. The recent funding will facilitate the deployment of AI and AR experiences tailored for tourists and sports fans, indicating a strategic move to diversify and enhance user engagement across different sectors.

Verofax fosters a culture of innovation, integrity, and customer-centricity. The company emphasizes sustainability and community engagement, aligning its solutions with environmentally friendly practices and ethical standards. By integrating these values into its operations, Verofax aims to build trust and deliver value to its clients and the broader community.

Serving a diverse clientele, Verofax's user base includes Fortune 100 companies across various industries and markets. The platform's multilingual support and customizable features make it accessible to a global audience, fostering a community of users committed to enhancing supply chain transparency and customer engagement.