Cape Town’s Verascient Raises $1.2m to Give AI Agents Enterprise Memory, After Abandoning Its First Product

Cape Town startup Verascient has raised $1.2 million (R19.5 million) in an oversubscribed pre-seed round to build infrastructure that gives AI agents access to an organisation’s accumulated context — and it got there by abandoning the product it started with. The company first built a hallucination detector for AI models. Its founders scrapped it after concluding that large language models were improving and hallucinating less, and rebuilt around enterprise deployment infrastructure instead.