Factify Raises $73M to Develop AI-Ready Document Standard

Factify has raised $73 million in seed funding to create a new intelligent document format that can be used by both humans and AI systems, announced in a press release. The round was led by Valley Capital Partners, with participation from John Giannandrea, former Head of AI at Google and SVP of AI at Apple, Ken Moelis of Moelis & Co., and Peter Brown of Renaissance Technologies.

The company aims to replace traditional PDFs with what it calls “Factified Documents,” which include built-in identity, version history, access controls, and governance. These documents are designed to serve as authoritative, continuously verifiable records for both people and AI systems, eliminating the need for external approval or compliance tools.

Factify plans to focus on regulated sectors such as banking, insurance, legal services, and human resources, where maintaining document authenticity and traceability is critical. The new funding will be used to expand its engineering team, enhance its core platform, and establish a U.S. hub in Pittsburgh for enterprise operations and customer engagement.