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ID.me Snags $100M in Series C Funding

Digital identity network play ID.me, Inc. has joined the growing list of cybersecurity unicorns after banking a new $100 million funding round that values the company at $1.5 billion.

Digital identity network play ID.me, Inc. has joined the growing list of cybersecurity unicorns after banking a new $100 million funding round that values the company at $1.5 billion.

The Series C round was led by Viking Global Investors and included Counterpoint Global (Morgan Stanley), PSP Growth, Lead Edge Capital, CapitalG, WndrCo, Willoughby Capital, BoxGroup and Moonshots Capital. 

ID.me, based in McLean, Va., said it will use the new money to build out its secure digital identity network by hiring top talent and expanding the number of businesses and government agencies it serves.

[ SEE: Cloud Security Company Orca Hits $1.2 Billion Valuation ]

The company claims it has more than 39 million members with more than 70,000 new users signing-up every day to its secure digital identity network. ID.me’s service is free to consumers while business customers pay ID.me for trust and to streamline workflows. 

ID.me provides tech that simplifies how individuals prove and share their identity online, including tools to handle identity proofing, authentication and group affiliation verification for organizations across sectors. 

ID.me is the 12th cybersecurity company to achieve unicorn status in the past four months. The list also includes Orca Security, Aqua, Axonius, BigID, Coalition, Forter, Lacework, OwnBackup, Socure, Venafi and Wiz.

RELATED: SentinelOne Achieves Unicorn Status After $200M Funding

RELATED: Snyk is Latest Cybersecurity Unicorn After banking $150M

Written By

Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series. He is a security community engagement expert who has built programs at major global brands, including Intel Corp., Bishop Fox and GReAT. Ryan is a founding-director of the Security Tinkerers non-profit, an advisor to early-stage entrepreneurs, and a regular speaker at security conferences around the world.

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