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Veridion

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Data ProvidersSoftwareveridion.comBucharest, RomaniaUpdated

Veridion is a global data intelligence provider delivering AI-enriched company data via APIs for procurement, risk management, insurance, and ESG.

Overview

Veridion is a global data intelligence platform that delivers fresh, high-quality company data to power analytics, supplier discovery, procurement, risk management, insurance underwriting, and ESG programs. Through AI-driven web harvesting and a proprietary enrichment engine, Veridion compiles structured company profiles from official registries, corporate websites, news signals, and other trusted sources. The platform offers API-first access to a broad universe—over 130 million companies across hundreds of locations—with weekly updates and deep attributes, including firmographics, location, ESG metrics, technographics, and ownership data. Veridion serves procurement, risk, insurance, and sustainability teams seeking greater data accuracy, faster decision-making, and scalable integration into existing workflows. Its products include the Search API and Match & Enrich API, along with Scout for natural-language supplier discovery. Veridion emphasizes data governance, privacy compliance, and customer support, and collaborates with partners and a startup program to extend access to enterprise-grade intelligence. Overall, the company aims to empower customers to identify suppliers, map supply chains, monitor risk, and unlock opportunities with reliable, AI-enhanced data at scale.

Mission statement

To provide accurate, AI-powered company data at scale to empower procurement, risk, and insurance teams to make confident, data-driven decisions.

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What we offer

Supplier Discovery Suite

Quickly find and connect with suppliers using advanced search tools integrated into one powerful suite.

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Market segments

Market size by segment

Growth potential (CAGR)

Supplier discovery and sourcing

1.5 Billion USD9.8% CAGR

Capabilities to find, evaluate, and shortlist suppliers using natural-language search, multi-criteria queries, firmographics, technographics, and weekly-updated company profiles.

Products: Supplier Discovery Suite

Supplier data enrichment and master data management

2 Billion USD16.3% CAGR

APIs and batch enrichment to match, normalize, and continuously refresh supplier records with confidence scoring for integration into procurement and ERP systems.

Products: Supplier Discovery Suite

Third-party risk and supply chain monitoring

8.1 Billion USD13% CAGR

Continuous monitoring and profiling of suppliers using ownership data, news signals, location attributes, and risk-related firmographics to support vendor risk and supply chain visibility.

Products: Supplier Discovery Suite

Insurance underwriting and commercial risk assessment

10 Billion USD9% CAGR

Structured company intelligence and attributes used to assess counterparty credibility, ownership, and operational footprint to inform underwriting and credit decisions.

Products: Supplier Discovery Suite

More information about our offering

Supplier Discovery Suite

The Supplier Discovery Suite includes Veridion's Search API, Match & Enrich API, and Scout. It enables efficient discovery, enrichment, and management of supplier data through natural-language search and advanced multi-criteria queries, providing comprehensive insights into the supplier landscape.

  • Streamline Supplier Discovery
    Quickly filter and find suppliers based on specific criteria, optimizing procurement.
  • Utilize Simple Queries
    Streamline discovery with intuitive searches that require no technical expertise.
  • Ensure Data Freshness
    Guarantee company profiles reflect the latest operational data to reduce risks.
  • Support Large-Scale Enrichment
    Efficiently process large data volumes to enhance supplier management accuracy.
  • Make Informed Decisions
    Transform fragmented data into actionable insights for streamlined procurement.
  • Assess Data Reliability
    Evaluate the credibility of data entries to support informed decision-making.
  • Seamlessly Integrate
    Connect with current systems to optimize data utilization and workflows.

Sources

Methodology and sourcing behind the figures and links shown above.

Supplier discovery and sourcing

Estimate treats supplier discovery and sourcing as a focused niche within broader procurement technology markets. I used reported totals for Procurement-as-a-Service (USD 7.52B in 2025, CAGR ~9.6%) and Supplier Management (USD 0.67B in 2025, CAGR ~9.8%) and inferred that specialized supplier-discovery tooling represents a modest subset (~$1–2B). Growth potential assumed in line with cited procurement/supplier-management CAGR (≈9.8%).

Supplier data enrichment and master data management

Estimates based on published global Master Data Management (MDM) market sizes and CAGRs in the supplied search results. Sources show MDM market values ranging from ~$8.5B (2024) to $18.6B (2025) and CAGRs ~14.7–18.2%. Supplier data enrichment and supplier-focused MDM is a subset of overall MDM; using a conservative industry-share assumption (~12–15%) and a weighted average of the provided MDM figures yields an estimated supplier-data-enrichment + supplier MDM market of roughly $2.0B today. Growth potential is aligned with the broader MDM market (sources show ~14.7–18.2%); given accelerating demand for continuous enrichment, APIs, and AI-enabled data quality, a CAGR near 16.3% is a reasonable projection.

Third-party risk and supply chain monitoring

Estimate based on reported third‑party risk management (TPRM) market valuations for 2025 (range ≈$6.8–8.2B) and published forecasts. I used the midpoint (~$8.1B) as the current market size for continuous supplier monitoring (a TPRM subsegment) and selected a conservative median CAGR (~13%) reflecting multiple firm forecasts (12.9%–17.6%) and related supply‑chain security growth (~12.8%).

Insurance underwriting and commercial risk assessment

Estimate based on intersections of the risk-analytics software/services market and insurer commercial-lines spending. MarketsandMarkets reports the global Risk Analytics market at USD 32.25B (2025) with 9.7% CAGR; U.S. commercial insurance premiums are ~USD 382B (2025) with ~8.2% CAGR. Underwriting & commercial counterparty intelligence is a focused subset of risk analytics and insurer technology spend (data, third‑party risk, underwriting tools). Assuming insurer spend on these capabilities represents a small percentage (roughly 1–3%) of premium pools and a meaningful share of the risk-analytics market, a conservative mid-point market-size estimate is ~USD 10B (current), with growth potential around 9% CAGR (aligned to risk-analytics growth and commercial insurance tech adoption).

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