Feedback Friday: Industry Experts Comment on Hive Ransomware Takedown

Security Experts:

Connect with us

Hi, what are you looking for?


Identity & Access

Biometric Face Authentication Firm iProov Takes $70M Investment

iProov, a provider of online biometric face authentication, announced on Thursday that it has received a $70 million growth investment from Sumeru Equity Partners. 

iProov, a provider of online biometric face authentication, announced on Thursday that it has received a $70 million growth investment from Sumeru Equity Partners. 

Launched to the public in 2013, iProov helps customers verify customer identity and protect against spoof attacks from photos, videos, masks, and even deepfakes.

Used for onboarding and authentication, iProov says customers including the U.S. Department of Homeland Security, the UK Home Office, the UK National Health Service (NHS), the Australian Taxation Office, GovTech Singapore, Rabobank, and ING are using iProov’s technologies to help ensure that an online customer is the right person, and a real person attempting to authenticate a login or transaction.

Sumeru’s investment will help drive iProov’s ability to scale in the U.S. and worldwide and maintain its position at the forefront of biometric innovation with patented technology.

RelatedBiometrics – Dismantling the Myths Surrounding Facial Recognition ]

iProov says it has tripled its revenues from 2020 to 2021, and has procesed more online verifications during one 10 day period in 2021 than in the whole of 2020. 

“Our potential is enormous and we now have the resources to scale in the United States and worldwide. Our strong balance sheet will give our customers and partners confidence in our long-term ability to keep them and their customers secure,” said Andrew Bud, Founder and CEO of iProov.

Founded in 2011, iProov has offices in London, Maryland and Singapore.

Related: U.S. Army to Protect Warfighters With Continuous Biometric Authentication

Written By

Click to comment

Expert Insights

Related Content

Identity & Access

Hackers rarely hack in anymore. They log in using stolen, weak, default, or otherwise compromised credentials. That’s why it’s so critical to break the...

Identity & Access

Strata Identity has raised $26 million in a Series B funding round led by Telstra Ventures, with additional investment from Forgepoint Capital, Innovating Capital,...

Application Security

Electric car maker Tesla is using the annual Pwn2Own hacker contest to incentivize security researchers to showcase complex exploit chains that can lead to...

Application Security

Google’s Threat Analysis Group (TAG) has shared technical details on an Internet Explorer zero-day vulnerability exploited in attacks by North Korean hacking group APT37.

Application Security

Fortinet on Monday issued an emergency patch to cover a severe vulnerability in its FortiOS SSL-VPN product, warning that hackers have already exploited the...

Application Security

Virtualization technology giant VMware on Tuesday shipped urgent updates to fix a trio of security problems in multiple software products, including a virtual machine...

Application Security

Password management firm LastPass says the hackers behind an August data breach stole a massive stash of customer data, including password vault data that...

Application Security

Software maker Adobe on Tuesday released security patches for 29 documented vulnerabilities across multiple enterprise-facing products and warned that hackers could exploit these bugs...