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Cloud Data Services Cyber Security E-Commerce Platforms Identity Management North America Privacy

ID.me Raises $120M in Debt and Revolving Facility

– ID.me is a Mclean VA-based secure digital identity network which simplifies how individuals prove and share their identity online.
– The company secured $100m in debt financing from funds managed by affiliates of Fortress Investment Group LLC and $20mln revolving credit.
– The new investment will be used to accelerate growth along with the development of its secure digital identity network for all consumers.

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Cyber Security Fraud Detection Identity Management Information Technology North America Security

Transmit Security Announces Citi Ventures and Goldman Sachs Asset Management as Additional Investors on Its Record-setting $543 Million Series A Funding Round

– Transmit Security announced that Citi Ventures and the Goldman Sachs have joined the company’s most recent $543m Series A funding round, setting a new record in investment history as the largest Series A investment in cybersecurity.
– The Series A round was led by Insight Partners and General Atlantic with additional investment from Cyberstarts, Geodesic, SYN Ventures, Vintage, and Artisanal Ventures.
– Previously bootstrapped, Transmit Security’s Series A funding round brings the company’s pre-money valuation to $2.2bn.
– Transmit Security will use the funding to increase the company’s global reach, expand its operations, and accelerate the company’s mission to help the world go passwordless.

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Financial Services FinTech Identity Management Software Western Europe

PassFort Secures $16.2M in Series A Funding

– PassFort is a London, UK-based SaaS RegTech platform.
– The company raised 16.2m USD in Series A funding.
– The round was led by Level Equity, with participation from existing investors OpenOcean, Episode 1 and Entrepreneur First. $4.89m worth of venture debt was also provided by Shard Credit Partners.
– The new investment will be used to expand the company’s global growth plans.

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Artificial Intelligence Computer Vision FinTech Identity Management Machine Learning North America Security Software

Contactless Digital Identity AI Platform Vouched Announces $4.5M Financing Round

– Vouched, the developer of proprietary, AI-powered, real-time identity verification services, announced it has closed a $4.5M funding round.
– The financing was led by leading digital tech entrepreneur Darrell Cavens, alongside strategic investments from both banking and legal services firms.
– Vouched’s management team and investors now recognize the potential to verify hundreds of millions of citizen identities globally.

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DigiSure Scoops Up $13M
DigiSure Scoops Up $13M
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Unicorn Nest news

Auto Insurance Car Sharing Enterprise Software FinTech Fleet Management Identity Management Mobile North America Ride Sharing Sharing Economy Software

DigiSure Scoops Up $13M

– DigiSure, the first company to go beyond credit and driving history for mobility and shared economy businesses, announces the launch of its embedded protection platform to offer instant, individualized micro-insurance policies for better, safer coverage.
– The company is also announcing $13M in funding led by Morado Ventures, with participation from Xplorer Capital, Valor Equity Partners, Clocktower Technology Ventures, True North Cos, and ex-Upwork CEO Fabio Rosati.
– The funds will be used to help grow its team and scale operations.

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Bitcoin Blockchain Cryptocurrency Cyber Security Financial Services FinTech Identity Management Information Technology Internet Software Southeast Asia

Cybavo Raises $4M in Pre-A Funding

– Cybavo, a Singapore-based blockchain security solution provider, raised $4m in Pre-A funding round.
– The round was co-led by 500 Startups, H&D Asset Management Company and New Economy Ventures.
– Other companies and investors from Taiwan, Silicon Valley, Singapore, Hong Kong and Japan also participated in the round.
– The company intends to use the funding to accelerate expansion in the East Asian, European, and North American markets, invest in the research and development of cybersecurity and blockchain technology, and to further raise the level of customer and product satisfaction it delivers.

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Cyber Security Fraud Detection Identity Management Information Technology Network Security North America

SentiLink Secures $70 Million to Reinvent Identity Verification

– SentiLink announced a $70m Series B funding round led by David Sacks of Craft Ventures with participation from Felicis Ventures, Andreessen Horowitz, and NYCA.
– This brings SentiLink’s total funding raised to $85m.
– David Sacks and Victoria Treyger from Felicis will be joining SentiLink’s board as observers.
– SentiLink works with over 100 financial institutions, and has verified several hundred million applications to date.
– SentiLink takes a different approach than other companies in the space. Instead of spewing buzzwords like “Artificial Intelligence,” SentiLink focuses on deeply understanding fraud and identity, and then using technology to productionalize these insights.

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Apps Cyber Security Developer Tools Identity Management Information Technology Mobile Apps North America Security

Decentralized identity authentication platform Magic raises $27M

– Magic announced it has raised $27 million in a series A round of funding to further commercialize its blockchain-powered identity authentication platform.
– The round, which was led by Northzone, featured a slew of high-profile VC and angel investors, including Tiger Global, Reddit cofounder Alexis Ohanian , and GitHub CTO Jason Warner.
– The company launched in 2018 as Fortmatic, and its founders include CEO and former Docker product lead Sean Li; former Yelp software engineer Arthur Jen; and Jaemin Jin, a former software engineer at Apple, Amazon, and Uber.
– The San Francisco-based firm rebranded as Magic last May as it exited stealth with $4 million in seed funding.
– In the 14 months since, Magic claims it has grown its developer user base tenfold.

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Cloud Security Cyber Security Identity Management Information Technology North America Security

SecurEnds Raises $21M in Series A Funding

– SecurEnds from Atlanta develops cloud-native Identity governance platform with multiple modules to allow organizations to manage Credential Entitlement Management (CEM), Access Certifications, Cloud Infrastructure Entitlement Management (CIEM), Access Requests, Identity Risk & Analytics, and Segregation of Duty (SoD).
– The company raised $21M in Series A funding led by Elephant.
– The new investment will be used to scale operations and product development, and for geographic expansion into markets across Europe and Asia.

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Biometrics Cyber Security Fraud Detection Identity Management Latin America Security

VU raises $12M to remove cybersecurity friction from digital experiences

– Argentina-based fraud and identity protection company VU raised $12m in Series B funding.
– The round was led by Globant and joined by Agrega Partners, NXTP Ventures, Bridge One, the IDB Lab and Telefónica.
– The company has total venture-backed investments of $20m.
– VU’s technology takes a person’s “online persona” and uses geolocation, biometrics and user behavior analysis to provide identity verification for users and enable a continuous authentication process that sees and connects the users’ online and offline personas.

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Apps Financial Services Identity Management North America

Smile Identity Raises $7M in Series A Funding

– Smile Identity from Lagos, Nigeria provides ID verification and KYC compliance through Artificial Intelligence.
– The company raised $7M in Series A Funding.
– The round was led by Costanoa Ventures with participation from CRE Venture Capital, Local Globe, Intercept Ventures, Future Africa Ventures, Khosla Impact ValueStream Ventures, Beta Ventures, 500 Startups and Story Ventures.
– The company plans to use the new funding to improve its services, expand across more markets, add support for more ID types and hire more engineers and support staff across Africa.

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Cyber Security Fraud Detection Identity Management Information Technology North America Security

Transmit Security Secures $543M in Series A Funding

– Transmit Security, a Tel Aviv, Israel- and Boston, MA-based Identity Experience company, raised $543m in Series A funding.
– The round was led by Insight Partners and General Atlantic, with participation from Cyberstarts, Geodesic, SYN Ventures, Vintage, and Artisanal Ventures.
– The new investment will be used to increase the company’s reach and expand its primary business functions, investing in key global areas in order to grow the organization.

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Big Data Compliance Finance Identity Management North America Privacy Security

Identity verification company Trulioo lands $394M

– Online identity verification platform Trulioo has closed a $394 million series D round of funding at a $1.75 billion valuation after the pandemic forced businesses across the spectrum to embrace digital transformations.
– Much as the need for electronic signatures skyrocketed after most activities went online over the past year, companies have had to rapidly transition to technologies that allow them to verify users are who they say they are.
– This is particularly crucial in highly regulated industries like financial services.
– Founded in 2011, Vancouver, Canada-based Trulioo offers various tools for companies to verify their online users, including general identity verification that may check a user’s data against third-party data sources, such as a credit bureau, government database, or mobile carrier.

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Cyber Security Identity Management Machine Learning North America Predictive Analytics Security

Socure Receives Strategic Investment from Capital One Ventures

– Socure, a NYC-based platform for digital identity trust, received a strategic investment from Capital One Ventures, the venture arm of McLean, Virginia-based Capital One Financial Corporation.
– The financial terms of the deal were not disclosed.
– The company intends to use the funds to expand across every consumer-facing vertical, including financial services, online gaming, healthcare, telco, e-commerce, on-demand services, and more, and actively recruit talent worldwide.

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Big Data Identity Management Information Technology Latin America SaaS Security Software

Brazil’s idwall raises $38M for identity validation platform

– idwall, a Brazilian regtech, raised $38m in Series C funding.
– The round was led by Endurance and joined by GGV Capital, monashees, Canary, Qualcomm Ventures LLC, ONEVC, Peninsula and Norte.
– The company has grown 1,458% between 2017 and 2020, with average growth of 144% per year.
– Its clients include 10 unicorns, two out of the three biggest banks in Brazil and companies such as iFood, Claro, Cielo, Loggi, Ebanx, QuintoAndar and OLX, among others.

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Cloud Security Cyber Security Identity Management North America Software

Britive Raises $10m To Secure Privileged Access For Multi-Cloud Enterprises

– Britive, a cloud-native dynamic access management platform, today announced it has raised $10m in a Series A funding round led by Crosslink Capital with participation from seed round investors Upfront Ventures and One Way Ventures.
– The platform provides companies with the ability to automatically grant Just-In-Time permissions, auto-expire permissions, enforce least privilege access, right-size broad permissions and more.

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Cyber Security Identity Management Mobile North America Security

Hypr Raises $35M in Series C Financing

– Hypr Raises $35M in Series C Financing.
– The round was led by Advent International through Advent Tech.
– The new investment will be used to accelerate the company’s go-to-market strategy and grow its global support organization doubling the global headcount, with hiring ongoing in every department.
– Led by George Avetisov, Co-Founder and CEO, HYPR provides a cloud based Passwordless Multi-factor Authentication platform that makes it easy to eliminate passwords and deliver fast login experiences.

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Enterprise Software Identity Management Information Services Information Technology North America

Keyfactor raises $125M and merges with PrimeKey to create a machine identity management platform

– Keyfactor, which helps automate the management of certificates for connected devices, today announced two big steps toward seizing this market opportunity.
– The first is a merger with PrimeKey, which creates the certificates that serve as crucial tools for identifying machines.
– The second is $125 million in new funding to power growth and comes two years after the company raised $77 million.
– Keyfactor is dubbing the merged company a “machine identity management platform.”
– The company said that Keyfactor alone has seen revenues grow 50% year over year.
– The merger with PrimeKey will now allow Keyfactor to deliver end-to-end certificate service, which should help simplify identity management, even as systems become more complex.
– In a press release, Keyfactor executives note that Gartner has been bullish on Identity and Access Management Technologies.

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Biometrics FinTech Identity Management Internet Mobile Apps North America Payments Software

Incode Raises $25M in Series A Funding

– Incode is a San Francisco, CA-based identity verification and authentication platform for enterprises.
– The company raised $25M in Series A funding.
– The round was led by DN Capital and 3L Capital, with participation from Framework Ventures, Walter Ventures, FJ Labs, and DILA Capital.
– The new investment will be used to scale its technology as well as accelerate growth in North America and Europe.

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Identity Management Machine Learning Mobile Apps North America Payments SaaS Software

Identity Verification Leader Jumio Secures $150 Million from Great Hill Partners

– Jumio secured a $150m investment from Great Hill Partners.
– The infusion represents the single largest funding round in the digital identity space.
– Jumio brings its pioneering document-centric identity approach to leading blue-chip companies across the telehealth, financial services, online gaming and social media spaces.
– Jumio was also recently named a representative vendor in Gartner’s Market Guide to Identity Proofing and Affirmation and also named to CRN’s 2021 list of the 20 Coolest Identity Access Management and Data Protection Companies.

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Cloud Data Services E-Commerce Platforms Identity Management North America Privacy

ID.me Inks Mega $100M Series C Round

– ID.me, a leading digital identity network that allows consumers to prove who they are online while controlling how their information is shared with brands, has raised $100m in a Series C funding round led by Viking Global Investors.
Counterpoint Global (Morgan Stanley), PSP Growth, Lead Edge Capital, CapitalG, WndrCo, Willoughby Capital, BoxGroup and Moonshots Capital joined the round.
– Prominent investors include Marcelo Claure, Alexa Von Tobel and Dan Rosensweig.

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FinTech Identity Management North America Predictive Analytics Security

Socure Closes $100 Million Raise Led by Accel to Eliminate ID Fraud and Ensure 100% Trust on the Internet

– Socure, the leader in 100% digital identity trust, today announced a $100m Series D round of funding led by Accel, with participation from existing investors Commerce Ventures, Scale Venture Partners, Flint Capital, Citi Ventures, Wells Fargo Strategic Capital, Synchrony, Sorenson, Two Sigma Ventures, and others.
– This round brings Socure’s total funding to $196m, following a recent $35m investment less than six months ago led by Sorenson Ventures.
– Proceeds from the round will also accelerate product innovation as the company’s patent portfolio grows and the company continues to attract top talent.
– Amit Jhawar, Partner at Accel and former General Manager of Venmo, will join the board of directors at Socure.

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Asia FinTech Fraud Detection Identity Management Payments Privacy

Identiq Raises $47M Series A, Poised to Become the World’s Largest Identity Validation Network

– Identiq announced a $47m Series A round led by Insight Partners and Entrée Capital, with additional participation from Amdocs, Sony Innovation Fund by IGV, and existing investors, including Vertex Ventures Israel, Oryzn Capital and Slow Ventures.
– The company plans to use the investment to further accelerate its network growth, adding more members, each of which will improve the validation, quality and coverage for all members. This flywheel effect will drive further value for the network’s existing members, improving data coverage and accuracy.
– The company is building the world’s largest Identity Validation Network, enabling companies to jointly validate consumer identities, payment details and other sensitive information without sharing or exposing any private data.

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Cloud Data Services Identity Management Information Technology North America Software

Strata Identity Raises $11M in Series A Funding Led by Menlo Ventures for Technology that Revolutionizes Multi-Cloud Identity

– Strata identity raises $11m in Series A funding led by Menlo Ventures for technology that revolutionizes multi-cloud identity.
– The company’s founders co-authored the SAML standard used today to transparently provide cross-cloud identity and single sign-on (SSO) between web sites.
– Strata has built the first distributed identity orchestration platform, called Maverics™, to revolutionize the fast-growing $12B identity and access management (IAM) market.
– Strata will use the funds to scale research & development, go-to-market, sales, marketing, and customer success for its Maverics platform.
– Venky Ganesan, Partner at Menlo Ventures, has joined the company’s board of directors.

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Biometrics Blockchain Consumer Software Cyber Security E-Signature Enterprise Software Ethereum Facial Recognition Identity Management Information Technology Network Security North America Security Software Software Engineering Speech Recognition

1Kosmos Secures $15 Million in Series A Funding from ForgePoint Capital

– 1Kosmos secured funding of $2.6m.
– The funding will be used to accelerate the company’s growth and product roadmap.
– 1Kosmos has assembled an advisory board that brings together top professionals in the cybersecurity industry.
– The company’s indisputable ID-proofing process leverages user-uploaded identity credentials.
– This eliminates the need for usernames and passwords or complex multi-factor authentication.
– 1Kosmos integrates with any application, website or operating system and doesn’t require additional software or technology.

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Cloud Data Services Identity Management Information Technology North America Software

Strata Raises $11M in Series A Funding

– Strata is a distributed multi-cloud identity orchestration company based in Boulder, Colorado.
– The company raised $11m in Series A funding.
– The round was led by Menlo Ventures with participation from ForgePoint Capital.
– The new investment will be used to scale research & development, go-to-market, sales, marketing, and customer success for its Maverics platform.

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Cyber Security Identity Management North America Software

Axiad Holdings Raises $20M in Funding

– Axiad is a provider of a cloud passwordless authentication platform based in Santa Clara, Calif.
– The company raised $20m in its first outside financing.
Invictus Growth Partners made the investment.
– Invictus Co-founders and Managing Partners, John DeLoche and William Nettles, will join Axiad’s board.
– The company intends to use the fudns to accelerate sales, marketing and development of its multi-factor authentication platform.

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