What Verofax Limited does

Verofax Limited is an Abu Dhabi-headquartered AI and traceability SaaS company founded in 2018 that builds a unified customer engagement platform combining Agentic AI, Augmented Reality, Computer Vision, and Blockchain. Its core products include Agentic AI for Web & App (multilingual conversational agents delivered via website and mobile integrations), the AI-Powered Holobox (a holographic kiosk running human-like AI avatars in 180+ languages for physical venues), Computer Vision Traceability (product authentication and supply chain validation), AI+AR Solutions (immersive retail, tourism, and sports experiences), and an MRV (Measurement, Reporting, Verification) stack for EU Carbon Border Tax (CBAM) compliance. The platform is supported by granted PCT patents on digital passporting, computer vision, and AI analytics.

The company serves Fortune 100 enterprises across at least 50 markets, with named customers spanning beverages (AB InBev for Budweiser/Corona — FIFA 2022 campaign reaching 20 million consumers), aviation and catering (Emirates Airlines / Emirates Flight Catering), sports (Argentine Football Association, FCB), retail (Al Othaim Mall, Tracer), banking (Bahrain Islamic Bank), real estate (NHC), and government (Balady). Vertical focus segments are Retail & Shopping, Tourism & Travel, and Sports & Entertainment (primary), with secondary plays in Healthcare, Industrial/Manufacturing (for CBAM compliance), and Government/Public Sector.

Verofax monetizes primarily through recurring SaaS subscriptions for its AI agentic solutions and AR deployments, plus enterprise licensing for traceability and CBAM compliance, with supplementary distribution via the AWS Marketplace and Microsoft Azure Marketplace. A bridge funding round of $3M closed in August 2024 (led by Plug & Play Tech Center and Navig8 Group) brought disclosed total funding to approximately $5.95M across four rounds since 2020. The company operates from a Hub71 / ADGM-registered headquarters in Abu Dhabi with regional offices in Riyadh, London, Delaware, Toronto, Petaling Jaya, Cairo, and Lusaka.

Name

Verofax Limited

Legal name

VEROFAX LIMITED

Website

https://verofax.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Verofax Limited is an Abu Dhabi-headquartered SaaS company building agentic AI, computer-vision traceability, AR, and blockchain solutions for Fortune 100 enterprises across retail, tourism, sports, healthcare, and industrial compliance in 50+ markets.

Ownership category

akta.pro rank

Headquarters

HQ city

Abu Dhabi

HQ country

United Arab Emirates

HQ region

Middle East

Offices8 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. AI Agentic Solutions Subscription: SaaS platform licensing for AI customer service agents deployed on web, app, and Holobox hardware. Recurring subscription model based on deployment scope and usage.
2. AR Experience Deployment: Immersive AR solutions for retail, tourism, and sports venues. Project-based implementation with ongoing engagement.
3. Traceability & Compliance Solutions: Digital passporting and supply chain verification services for EU Carbon Border Tax (CBAM) compliance. Enterprise licensing.
4. Marketplace Distribution: Solutions sold through AWS and Azure Marketplaces for direct brand acquisition.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Verofax provides an AI-powered customer engagement and traceability platform combining Agentic AI, augmented reality, computer vision, and blockchain. It offers AI conversational agents for web/app, AI-powered Holobox holographic kiosks for physical venues, AR experiences for retail/tourism/sports, and computer vision–based supply chain traceability. The platform also delivers digital product passporting and MRV technology for EU Carbon Border Tax (CBAM) compliance.

Product overview

Verofax Limited offers a unified AI-powered customer engagement platform with three core product modules: Agentic AI for Web & App (conversational AI for digital channels), AI-Powered Holobox (holographic AI assistants for physical venues), and Computer Vision Traceability (supply chain validation and product authentication). These are complemented by industry-specific AI agents for healthcare, government, hospitality, and aviation, plus AI + AR Solutions for immersive experiences. The platform operates across 50+ markets and serves Fortune 100 brands, combining autonomous AI agents, computer vision, AR, and blockchain for customer engagement, supply chain traceability, and carbon compliance.

Differentiator

Problem solved

Functional benefit

Products and services

• Agentic AI for Web & App

Quantifiable outcome

• 20x lowered cost of acquisition vs. online marketing
• +8 more outcomes

Named customers9 records

Segments6 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability9 records

Feature7 records

Partnerships

Nine partnerships are on record, tiered core, minor and strategic.

• Amazon Web Services (AWS)coreTechnology or Integration · 24 August 2023AWS Full Technical Review (FTR) approved. Verofax solutions available on AWS Marketplace enabling direct enterprise acquisition. Validated by AWS Solutions Architects for performance, security, and scalability.
• Microsoft AzurecoreTechnology or IntegrationMicrosoft Native partner with solutions available on Azure Marketplace. Microsoft Oracle/Azure cloud services host Verofax servers.
• StripeminorOthersThird-party payment gateway for secure payment processing.
• BANTgostrategicStrategic or Co-development PartnerStrategic partnership to revolutionize e-waste collection through tokenized rewards using Verofax technology.
• NetGreenstrategicStrategic or Co-development PartnerStrategic alliance to accelerate global reforestation efforts with Verofax's MRV technology for carbon verification.
• JawraastrategicStrategic or Co-development PartnerPartnership to revolutionize customer experience with Holobox AI Agent deployment.
• Twin ScienceminorStrategic or Co-development PartnerPartnership sponsoring scientific research on sustainability in Antarctica.
• TracerstrategicStrategic or Co-development PartnerJoint venture for food traceability in UAE using blockchain-based platform. Tracer selected Verofax for smart traceability and serialization.
• DistichainminorStrategic or Co-development PartnerMOU between Verofax Asia and Distichain to enable empowered digital global trade.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Persefoni: Persefoni is a climate management and accounting platform for enterprise carbon footprint measurement and reporting. It is a direct peer to Verofax's MRV module for CBAM and ESG reporting, particularly for industrial exporters facing regulatory compliance.
• Circulor: Circulor is a blockchain-based supply chain traceability and digital product passport platform serving industrial and manufacturing exporters. It is a direct peer to Verofax's Computer Vision Traceability and MRV solutions, particularly for CBAM-adjacent use cases in metals and batteries.
• Aisera: Aisera offers an AI service desk and customer experience platform combining conversational AI, agentic automation, and enterprise integrations. Directly comparable to Verofax's web/app agent and AI receptionist products for enterprise customer engagement.
• Cognigy: Cognigy builds enterprise-grade agentic AI for customer service automation across voice and digital channels, with multilingual support and enterprise integrations. Comparable to Verofax's Agentic AI agents for retail, banking, and government deployments.
• Yellow.ai: Yellow.ai provides a conversational / agentic AI platform for customer support and sales across chat, voice, and in-person kiosks, with strong enterprise penetration in retail, banking, and travel — directly comparable to Verofax's Agentic AI, Holobox, and industry-specific assistants.
• OriginTrail: OriginTrail operates a decentralized knowledge graph for supply chain transparency, product traceability, and digital twins, including carbon and ESG data verification. Comparable to Verofax's blockchain + MRV traceability layer for multi-tier supply chains.
• Kezzler: Kezzler provides digital product identity and serialization for product authentication, traceability, and consumer engagement at enterprise scale. Closely comparable to Verofax's Interactive Product IDs / Digital Passporting stack serving global CPG and retail brands.
• Kore.ai: Kore.ai offers an enterprise AI agent platform for customer service and employee automation across multiple channels and languages. It is the closest direct peer to Verofax's Agentic AI for Web & App and AI Receptionist Agent products, both targeting Fortune 500 multilingual support automation.

Broad incumbents

• Watershed: Watershed is an enterprise climate platform for measuring, reducing, and reporting emissions across operations and supply chains, with broader scope than Verofax's MRV. Comparable as a regulatory-driven enterprise carbon compliance incumbent against which Verofax competes for CBAM-adjacent buyers.

Emerging players

• Patch: Patch provides a carbon credit and carbon removal API / marketplace platform for embedding carbon offsets and emissions data into products and apps. Adjacent peer to Verofax's MRV and ESG traceability offerings, focused on the carbon data infrastructure layer rather than full supply chain.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Verofax1
• YouTubeyoutube.com/channel/UCdKI-Sbin5qBxeQbaoKELiA
• Facebookfacebook.com/verofax
• LinkedInlinkedin.com/company/verofax1
• Instagraminstagram.com/verofaxltd

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds4 records

Investors18 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Verofax Limited