Identiq News
6 articles
Cyber startup Identiq to lay off almost half of its workforce | CTech
Identiq, an Israeli company that has developed an anonymous identity validation network, is planning to lay off around 20 of its 45 employees. The company announced its intention to undergo reorganization, which will result in layoffs in both Israel and the U.S. The layoffs will include interns and freelancers. The company raised a $47 million Series A round in 2021 and a Seed round of $5 million prior to that. The layoffs are part of a strategy to reduce activity and focus on the leading solutions among all its products.
Layoffs
Identiq Awarded Top Innovation in Renowned 2024 Edison Awards™
Identiq, a private network for identity and trust, has won the 2024 Edison Award for setting a new standard for risk-based decisions in a fully private environment. The Edison Awards recognizes innovative products and business leaders, with past winners including Apple, Moderna, and Intel. Identiqs peer-to-peer network allows some of the worlds largest companies to validate transactions and customers identities with fresh and live first-party data from other network members, without sharing any sensitive data.
Customers
Identiq raises $47 million series A with investments from Amdocs and Sony
Israeli cybersecurity startup Identiq has completed a $47 million series A funding round, one of the largest series A rounds for an Israeli company. The funding was led by Insight Partners and Entrée Capital, with participation from Amdocs, Sony Innovation Fund by IGV, and existing investors. Identiq has developed an Anonymous Identity Validation Network that allows companies to jointly validate consumer identities and sensitive information without sharing private data. The company plans to use the funding to support its clients and expand its workforce from 20 to 80 employees by the end of the year. Identiqs solution addresses the issue of user verification and aims to prevent fraud while maintaining user privacy.
InvestmentExpand
Identiq Named a Cool Vendor in the Gartner "Cool Vendors in Privacy, 2020" Report
Watch it, Facebook: Israeli startups devise ways to protect user privacy
Israeli startup D-ID uses image processing and AI to create a digital noise that prevents facial recognition tools from identifying individuals. The companys technology alters biometric details in photos, making it difficult for AI systems to learn and overcome the alterations. D-IDs products are designed for organisations that store sensitive pictures, such as government biometric databases and banks. The demand for privacy tech solutions has grown as privacy regulations have become stricter, with fines imposed on organisations that fail to protect personal data. Israel is a major player in the global privacy tech industry, with around 80 Israeli startups offering various solutions. The sector is forecast to grow at an 8% rate to $143 billion in 2021.
Customers
Israeli identity verification startup Identiq secures $5 million - Tech.eu
Tel Aviv-based identity verification startup Identiq has raised $5 million in a funding round led by Entrée Capital. The company has recently launched its Anonymous Verification Network, which allows companies to collaborate in fighting fraud while maintaining user privacy. Identiq claims to be fully GDPR-compliant as it does not collect, share, or store any user data. The funding will support the growth of the company and its innovative verification network.
Investment
