Security Experts:

Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

Identity Verification Company Incode Raises $220 Million at $1.25 Billion Valuation

Identity verification and authentication company Incode this week announced that it has reached unicorn status after closing a $220 million Series B funding round.

The new investment, which comes seven months after the company’s Series A funding, has boosted Incode’s valuation to $1.25 billion.

Identity verification and authentication company Incode this week announced that it has reached unicorn status after closing a $220 million Series B funding round.

The new investment, which comes seven months after the company’s Series A funding, has boosted Incode’s valuation to $1.25 billion.

The funding round was led by General Atlantic and SoftBank, but Capital One Ventures, Coinbase Ventures and J.P. Morgan participated as well, along with SVCI (Silicon Valley CISO Investments) and existing investors 3L Capital, DN Capital, Dila Capital, Framework Ventures, and others.

Founded in 2015 and headquartered in San Francisco, California, Incode provides a platform for comprehensive identity management, from onboarding customers to enabling seamless authentication for them.

Completely automated and built on the company’s technology stack, Incode’s solution aims to deliver real-time responses and better prevent fraud.

Incode’s “omnichannel” identity platform is available for all types of organizations, including government agencies, banks, enterprises, financial institutions, and entities in the hospitality and retail sectors.

Through biometric checks, the solution enables users to easily make payments, authorize transactions, log into applications and services, and more.

“Our ‘One Identity Everywhere’ vision is transforming the way humans experience their identity journeys with companies. We have created an experience that is so seamless and frictionless, it brings that ‘Wow’ moment to the end customer when onboarding to a new bank, checking into a hotel or being admitted to a hospital,” Ricardo Amper, founder and CEO of Incode Technologies, said.

Related: Grip Security Raises $25 Million to Secure SaaS Applications

Related: Anti-Fraud Bot Protection Firm Kasada Bags $23 Million Investment

Related: Blockchain Security Provider CertiK Raises $80 Million

Related: IoT Security Company Shield-IoT Raises $7.4 Million

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join this webinar to learn best practices that organizations can use to improve both their resilience to new threats and their response times to incidents.

Register

Join this live webinar as we explore the potential security threats that can arise when third parties are granted access to a sensitive data or systems.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Management & Strategy

SecurityWeek examines how a layoff-induced influx of experienced professionals into the job seeker market is affecting or might affect, the skills gap and recruitment...

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

Identity & Access

Zero trust is not a replacement for identity and access management (IAM), but is the extension of IAM principles from people to everyone and...

Funding/M&A

More than 450 cybersecurity-related mergers and acquisitions were announced in 2022, according to an analysis conducted by SecurityWeek

Funding/M&A

Twenty-one cybersecurity-related M&A deals were announced in December 2022.

Funding/M&A

Forty cybersecurity-related M&A deals were announced in January 2023.

Management & Strategy

Industry professionals comment on the recent disruption of the Hive ransomware operation and its hacking by law enforcement.