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Cybersecurity Funding

Identity Verification Firm Evident Raises $20 Million

Evident ID, an Atlanta-based company that specializes in identity and credential verification, on Thursday announced that it raised $20 million in a Series B funding round.

Evident ID, an Atlanta-based company that specializes in identity and credential verification, on Thursday announced that it raised $20 million in a Series B funding round.

The round was led by Aspect Ventures, with participation from New Enterprise Associates (NEA), Internet Security Systems founder Tom Noonan, and Blue Cloud Ventures. The company plans on using the money to broaden its technical infrastructure and expand its team.

Evident emerged from stealth mode in September 2017, when it announced an $8.8 million Series A funding round led by NEA.

The company’s Identity Assurance Platform is designed to help organizations verify identities and credentials without the need to handle personal information.

Evident’s solution can be used to verify an entity’s background check, education and employment, criminal history, address, professional license, driver records, drug tests and medical records, certifications, assets, insurance, financial records, and more.

The company says its API enables organizations to connect to thousands of authoritative sources for up-to-date verifications, without the risks and liability associated with handling personal information.

“Evident is solving the most complex identification problems for high-volume businesses with sensitive applications by verifying millions of attributes in a secure and efficient way,” said David Thomas, CEO of Evident. “With this new infusion of capital, we can scale to meet the increasing demands of current customers and marketplaces, as well as continue to grow in additional markets and industries including insurance, healthcare and financial services.”

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Related: Identity Intelligence Firm 4iQ Lands $18 Million in Series B Funding

Related: Proxy Emerges From Stealth with $13.6 Million in Funding

Related: Identity Management Firm Keyfactor Raises $77 Million

Related: Identity Protection Firm Obsidian Security Raises $20 Million

Written By

Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

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