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.
[ Related: Biometrics – 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
More from SecurityWeek News
- Threat Hunting Summit Virtual Event NOW LIVE
- Video: ESG – CISO’s Guide to an Emerging Risk Cornerstone
- Threat Modeling Firm IriusRisk Raises $29 Million
- SentinelOne Announces $100 Million Venture Fund
- Today: 2022 CISO Forum Virtual Event
- Cymulate Closes $70M Series D Funding Round
- SecurityWeek to Host CISO Forum Virtually September 13-14, 2022: Registration is Open
- Privilege Escalation Flaw Haunts VMware Tools
Latest News
- In Other News: AI Regulation, Layoffs, US Aerospace Attacks, Post-Quantum Encryption
- Blackpoint Raises $190 Million to Help MSPs Combat Cyber Threats
- Google Introduces SAIF, a Framework for Secure AI Development and Use
- ‘Asylum Ambuscade’ Group Hit Thousands in Cybercrime, Espionage Campaigns
- Evidence Suggests Ransomware Group Knew About MOVEit Zero-Day Since 2021
- SaaS Ransomware Attack Hit Sharepoint Online Without Using a Compromised Endpoint
- Google Cloud Now Offering $1 Million Cryptomining Protection
- Democrats and Republicans Are Skeptical of US Spying Practices, an AP-NORC Poll Finds
