British startup Vera (formerly known as Privasee) has raised €1.2 million in funding to rebrand and automate RFPs and security questionnaires.
The funding was raised by Pitchdrive, SFC Capital, and Plug and Play.
“We realised that trust can’t stop at compliance,” said Manuel Martinez Chamorro, Co-founder of Vera. “Our customers were bottlenecked by the growing number of security questionnaires, legal reviews and Request for Proposals (RFPs). It wasn’t enough to have invested in GDPR, SOC II, HIPPA etc – you had to prove it over and over, in every deal. Vera is our answer to that.“
Founded in 2025, Vera was born from the realisation that while privacy compliance was critical, businesses were facing an even bigger challenge – the constant pressure to prove trustworthiness across security, legal, and compliance reviews.
Vera is an AI-powered platform designed to streamline the process of responding to Requests for Proposals (RFPs), security questionnaires, and due diligence documents.
Despite continued growth, the team believe that businesses today need more than certification – they need tools that help them earn and maintain trust at scale. This is what led to the rebranding from Privasee to Vera.
Vera – derived from the Latin word for “truth” – is an AI-powered platform that helps businesses manage the flood of trust-related documents that slow down deals and strain internal teams.
Vera automates the process of extracting questions from these documents and matching them with verified, pre-approved answers from a centralised internal knowledge base. This allows cross-functional teams – from sales and legal to security and compliance – to reprotedly respond more quickly, more accurately, and without duplication.
Designed to slot into existing workflows, Vera integrates with tools like Slack, Teams or Google Drive. It also offers real-time collaboration, answer suggestions, and version tracking to reduce friction during complex deals and reviews.
With the rebrand, Vera is looks to position itself as not just a tool, but an “OS for customer trust“. With different AI Agents that remove bottlenecks and create a single source of truth for compliance and security responses, Vera allegedly helps companies close deals faster while meeting rising buyer expectations for transparency and trustworthiness.
Read the orginal article: https://www.eu-startups.com/2025/07/british-startup-vera-raises-e1-2-million-to-rebrand-and-help-businesses-become-gdpr-compliant/
