Identiq

Identiq Overview

Identiq's identity-validation solution creates a completely anonymous distributed network that allows members to validate new users and vouch for ones they already know. All of this is done without sharing any customer data or identifiable information. This approach enables members to make accurate decisions regarding fraud based on a greater number of data points as well as offer a better user experience to their customers. It also provides strong proof of identity by connecting multiple assets such as email, phone number, address, IP address, and funding source at the time of onboarding, first payment, or after indications of account takeover. The network is completely secure and anonymous, with no user information ever leaving the members' domain. Using the latest cryptographic protocols, members can obtain the proof of identity from other network members while safeguarding customer privacy, with no way of knowing who is querying or who is vouching, ensuring full ongoing compliance with GDPR, CCPA, and other privacy regulations. Identiq was named a cool vendor in "Cool Vendors in Privacy Report, 2020" by the Gartner Research Group.

Cumulative Funding Raised Over Time ($)

Latest News

Apr 1, 2024 · www.calcalistech.com

growth-negative

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

Feb 7, 2024 · www.prnewswire.com

Growth-Positive

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

Mar 3, 2021 · www.calcalistech.com

growth-positive

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

Apr 1, 2020 · www.businesswire.com

Identiq Named a Cool Vendor in the Gartner "Cool Vendors in Privacy, 2020" Report

Sep 9, 2019 · www.haaretz.com

growth-positive

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

Funding

Team Members

3

Employees: 11-50

Web & Social Links

Locations

Yigal Alon Street 94, Tel Aviv-Yafo, Israel

Photos & Videos

1 item(s)

Identiq Internal

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