Identiq Partners has raised an additional $47 million in Series A funding for its personal identity software. This brings the total raised to $52 million. The company offers a variety of features that allow users to access information on who they are and where they are located.
Identiq raises $47 million in Series A funding
Identiq is a privacy-friendly fraud prevention startup that helps organizations protect their data. The company is building the world’s largest anonymous identity validation network. Its network uses cryptographic protocols and websites to anonymously vet new customers. The company does not share any private data with companies that join the network.
Identiq is based in Tel Aviv, Israel. Its founder and CEO is Itay Levy. Levy has a background in computer science and political science, and is the former CEO of Appoxee, a mobile marketing automation platform. He has also led engineering teams in multiple startups in Israel.
Identiq’s peer-to-peer network will help weed out scammers and fraudsters posing as real users. It will also help companies validate sensitive information without sharing private data. The company plans to add more members to its network, and grow its workforce.
The company plans to use the funding to grow its network and add additional coverage of languages and industry verticals. It also plans to invest in AI capabilities and enterprise integrations.
Identiq offers a range of features
Identiq, a Tel Aviv, Israel based identity validation startup, raised $47 million in Series A funding. The round included Amdocs, Insight Partners, and Sony Innovation Fund by Innovation Growth Ventures, the latter of which provided an additional investment. This was the company’s first round of funding and the company plans to use the funds to expand its global footprint, augment its already robust workforce, and improve its validation, quality, and coverage of user data.
The Identiq company claims to have the world’s largest identity validation network. This network of servers is able to perform a multitude of functions, including identity validation, funding-source ownership verification, and password reset protection. It also boasts a proprietary technology that produces better results at a lower cost than the usual suspects. Aside from the company’s signature technology, Identiq has several other features, including a password free mobile app, a centralized database, and a slew of user friendly features.
In addition to the company’s core technology, Identiq also has an impressive list of customer partnerships, including Walmart, Amazon, Google, and Facebook. The company is also taking a more privacy-friendly approach to fraud prevention, ensuring that a user’s private information is never shared with third parties.
Identiq’s total raised to date is $52 million
Identiq, an Israeli start-up is claiming its name in the identity based authentication market. The company has raised about $52 million to date, with plans to use the funds to boost membership in its network. In its quest to differentiate itself from the pack, the company has tapped some notable names in the industry.
The company has taken the time to distinguish itself from the competition by implementing a range of features aimed at protecting the privacy of its customers. Its best known feature is a platform that provides a slew of features and functions ranging from user and device authentication, password reset and management, and a range of mobile apps. The company has also cultivated a slew of Fortune 500 names in the process. Its latest funding round was topped off by the aforementioned Sony, as well as Slow Ventures and Amdocs. The company has also taken to the social media by providing a platform for user engagement, and a means to share information and updates.
Identiq is building the world’s largest Identity Validation Network. It helps companies validate sensitive information, without revealing the identities of those requesting the information. Identiq’s technology compares new users’ details against the identities of trusted members. This method helps to reduce the number of false positives. Moreover, it also provides a better user experience by removing the need for third-party data providers.