Verofax
Founded Year
2018Stage
Incubator/Accelerator - IV | AliveTotal Raised
$5.86MRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-73 points in the past 30 days
About Verofax
Verofax specializes in enhancing customer experiences through the integration of artificial intelligence, augmented reality, and blockchain technologies within various business sectors. The company offers solutions that transform products into interactive marketing channels, ensuring brand engagement, operational excellence, and data-driven customer insights. It primarily serves industries such as retail, tourism, consumer packaged goods, oil and gas, logistics, sustainability and compliance, pharma, and manufacturing. Verofax was formerly known as Dhonor. It was founded in 2018 and is based in Abu Dhabi, United Arab Emirates.
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ESPs containing Verofax
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The blockchain pharmaceutical ledgers market refers to a specific segment within the pharmaceutical industry that leverages blockchain technology for creating, managing, and securing digital ledgers or records of pharmaceutical-related transactions and data. These records can help address challenges related to counterfeit drugs, supply chain inefficiencies, data security, and regulatory compliance…
Verofax named as Challenger among 7 other companies, including Infosys, IBM, and Zuellig Pharma.
Verofax's Products & Differentiators
Verotrax
Supply chain traceability solutions
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Expert Collections containing Verofax
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Verofax is included in 4 Expert Collections, including Blockchain.
Blockchain
8,714 items
Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.
Supply Chain & Logistics Tech
4,583 items
Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).
Store tech (In-store retail tech)
1,798 items
Companies that make tech solutions to enable brick-and-mortar retail store operations.
Oil & Gas Tech
4,702 items
Companies in the Oil & Gas Tech space, including those focused on improving operations across upstream, midstream, and downstream sectors, as well as those working on sustainable fuels.
Verofax Patents
Verofax has filed 3 patents.
The 3 most popular patent topics include:
- dosage forms
- drug delivery devices
- pharmacokinetics
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
4/15/2021 | Sensors, Dosage forms, Drug delivery devices, Routes of administration, Pharmacokinetics | Application |
Application Date | 4/15/2021 |
|---|---|
Grant Date | |
Title | |
Related Topics | Sensors, Dosage forms, Drug delivery devices, Routes of administration, Pharmacokinetics |
Status | Application |
Latest Verofax News
Oct 25, 2024
DUBAI, UAE, Oct 25, 2024 - (ACN Newswire) - Verofax, a leading provider of cutting-edge customer service solutions, today announced the signing of a Memorandum of Understanding (MoU) with Jawraa, a renowned telecom and digital services company in Saudi Arabia. This strategic partnership aims to elevate customer experiences by introducing Verofax’s advanced Holobox AI agent and in-app AI agent solutions, tailored to meet the needs of government institutions and large enterprises. The collaboration between Verofax and Jawraa is set to redefine customer service in the digital era by enabling seamless, AI-powered interactions that bridge the gap between physical and virtual engagement. The Holobox AI agent provides immersive, holographic support for in-person interactions, while the in-app AI agent delivers intelligent, personalized assistance within mobile applications. Both solutions are designed to enhance customer engagement, streamline operations, and optimize service delivery across industries. Strength of the Partnership Jawraa brings a wealth of expertise to the partnership, leveraging its extensive relationships with telecom giants and enterprises in Saudi and across the Middle East. The company's robust portfolio of digital solutions and telecom services positions it as a key player in driving digital transformation for governments and large-scale enterprises. Known for fostering innovative technology partnerships, Jawraa has consistently demonstrated its capacity to scale and implement sophisticated solutions that meet the dynamic demands of modern businesses. Verofax, with its innovative AI-powered solutions, aims to transform customer experiences through augmented reality (AR) and artificial intelligence (AI) technologies. Recently, the company secured $3 million in bridge funding, reaffirming its commitment to deploying AI and AR experiences that enhance user engagement across various sectors, including tourism and sports. Verofax’s partnership with Jawraa marks a significant milestone in its growth trajectory as it continues to pioneer advanced customer service technologies. Enhancing Customer Experience through AI Innovation Dr Sulaiman Al-Turki CEO of Jawra said: “The introduction of Holobox and in-app AI agents will provide customers with a new level of convenience and interactivity. These AI-driven tools are designed to handle complex inquiries, provide real-time support, and personalize customer journeys, resulting in faster resolution times and improved satisfaction levels. The solutions will be particularly beneficial for sectors that rely on high-touch customer interactions, such as government services, telecom, and large-scale enterprises” Mr. Wassim Merheby CEO/ Cofounder of Verofax, commented, "Our partnership with Jawraa guarantees elevated customer service for public companies and enterprises to promote sales and awareness on clients’ services. By partnering with Jawraa and showcasing the service on Saudi Export Development authority during Gitex 2024 in Dubai, we received a huge interest from prospects seeking next-generation customer experiences for enterprises and governments alike." About Jawraa Since 2005, Jawraa has been a driving force in digital transformation, empowering businesses and governments with innovative solutions. As a leading digital services and telecom company, Jawraa partners with global tech giants like SAP and Microsoft to deliver cutting-edge services in cloud computing, AI, and more. Trusted by top enterprises and Saudi ministries, Jawraa plays a pivotal role in shaping the digital future of the Middle East About Verofax Verofax is a technology innovator specializing in AI and AR solutions that elevate customer experiences and streamline business operations. By integrating cutting-edge AI tools, Verofax enables enterprises to provide personalized, efficient, and immersive customer interactions. Verofax continues to drive growth and innovation, having recently secured $3 million in funding to expand its AI and AR capabilities across various sectors. Verofax is a portfolio company of Sanabil PIF, KAUST, Plug & Play, 500 startup, Hub71 and other leading VCs globally offering its services to Fortune 100 companies across 50 markets. Topic: Press release summary
Verofax Frequently Asked Questions (FAQ)
When was Verofax founded?
Verofax was founded in 2018.
Where is Verofax's headquarters?
Verofax's headquarters is located at Abu Dhabi Global Market Square, Al Maryah Island, Abu Dhabi.
What is Verofax's latest funding round?
Verofax's latest funding round is Incubator/Accelerator - IV.
How much did Verofax raise?
Verofax raised a total of $5.86M.
Who are the investors of Verofax?
Investors of Verofax include TDF Grow Accelerator, Trove Capital UK, Tracecore CVC, Alzamil Pedco CVC, Plug and Play and 21 more.
Who are Verofax's competitors?
Competitors of Verofax include Planetly and 2 more.
What products does Verofax offer?
Verofax's products include Verotrax and 1 more.
Who are Verofax's customers?
Customers of Verofax include Stonses and Tracer.
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