South African-founded AI startup Verascient has raised US$1.2 million (R19.5M) in its pre-seed round to help companies build faster and more capable teams with AI. Verascient turns knowledge scattered across documents, systems and individuals into shared organisational context, then builds the workflows and agents that allow teams to use it in their day-to-day work. The raise comes as businesses face growing pressure to move beyond AI experimentation and create practical, secure and commercially valuable ways of working with it instead.
The pre-seed oversubscribed pre-seed round was backed by Founder Collective (an early investor in Uber, Airtable and Whoop, among other unicorns), Andrena Ventures (led by Gideon Valkin, former Commercial Director at Monzo), Cambridge Enterprise (the University of Cambridge's investment arm), and Summit Ventures, with participation from Alan Knott-Craig, Shayne Mann and other select angel investors.
Founded by South Africans Emile Ferreira and Keagan Stokoe, Verascient works directly inside companies where Verascient’s proprietary AI infrastructure serves to improve the operations of businesses. Its initial focus includes organisations operating in financial services, insurance and logistics: sectors where large volumes of institutional knowledge, data and operational processes are often distributed across emails, documents, meetings, spreadsheets, internal systems and individual employees.
Building the infrastructure underneath enterprise AI
“At the centre of Verascient's technology is a temporal knowledge graph designed to build and maintain a comprehensive understanding of an organisation, ensuring that information that was once scattered quickly becomes securely available to AI agents while preserving the history, permissions and provenance behind the information,” shares Emile Ferreira, Co-Founder and CTO at Verascient.
The company believes the fragmentation of company knowledge is one of the biggest barriers preventing businesses from extracting meaningful value from AI.
"There is a significant difference between giving employees access to an AI tool, and building a company that can operate intelligently with AI. Verascient bridges that gap by working directly with businesses to understand how their people and processes operate, and providing the secure infrastructure that enables AI agents to understand the organisation, work within its existing systems and access controls, and deliver valuable results,” adds Ferreira.
Keagan Stokoe, Co-founder and CEO at Verascient, says: “AI is far more capable than most businesses yet realise. The opportunity is to improve existing processes and, in many cases, rethink how the company works altogether. We start with the work that matters: revenue, operations, customer experience, decision-making and delivery. Sometimes we improve a workflow. Often, we show the team there is a better way to do it. We build the context, systems and agents around the team, then work alongside them to make that change real. The result is a company that is faster and more capable. Each improvement makes the next one easier, so the advantage compounds over time.”
A key part of the model, however, is human.
Rather than expecting companies to determine their AI strategy and implementation requirements alone, the infrastructure built by Verascient is always accompanied by one of its highly-skilled AI engineers. The Verascient engineers work closely with businesses to identify inefficiencies and build AI systems around genuine commercial requirements.
Stokoe explains this as a fundamental aspect of their product offering: "Ambitious leaders who see AI as a chance to reinvent how their company works will need people who understand both the technology and the realities of deploying it inside an organisation. That's why our model combines infrastructure with engineers working directly alongside our customers."
From South African founders to global AI ambition
The pre-seed funding also represents another chapter in two young South African founders' technology careers. Ferreira taught himself to program at the age of 12 and went on to become one of the early developers at Replit, now valued at more than US$9 billion. He subsequently built one of the world's very first on-device AI assistants, which attracted more than 200,000 users and won Most Innovative Solution at the App of the Year Awards, all while he was still in high school. He later graduated with distinction with a MPhil in Advanced Computer Science from the University of Cambridge.
Ferreira recently co-authored a paper on enterprise AI cost of ownership with the United Nations International Computing Centre, and published research on optimising AI for energy efficiency at the 2026 IEEE/ACM International Conference on AI Engineering.
Stokoe was previously part of the founding team at Fibertime, the South African company led by Alan Knott-Craig that builds pay-as-you-go fibre infrastructure for township communities, now serving over 1.5 million users per month. He later founded Purple Dorm, an AI consultancy that helped organisations across South Africa and the UK identify and implement practical AI opportunities.
Stokoe sees the raise as part of a broader opportunity: "We are living through an extraordinary technological revolution, and we're fortunate to be building at its outset, while the companies that will define the next era are still being created. We plan to be one of them," he says.
Verascient wants South Africa's top 1% of AI talent
“This pre-seed
raise enables us to build a small, exceptional team of engineers and AI
builders. We are looking for high-agency people with the curiosity, technical
depth and ambition to build something meaningful to solve real-world problems.
We’re looking for the top 1% of AI talent, who are excited to take genuine
ownership with the freedom to do the best work of their lives,” says
Stokoe.
