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Identiq, a Tel Aviv, Israel based startup, raised a slew of funds to improve the quality of its data validation services. The company has a proprietary technology that provides up to minute accuracy in its verification of the most important details of a new user’s identity. It also boasts of a slew of features, from a highly secure password reset function to a trusted shipping address. Its most popular offering is its Identiq identity verification service, which is free for small businesses.
Identiq isn’t exactly a household name, but the company has racked up an impressive $52 million in funding so far. This round was led by Insight Partners, with participation from Amdocs and a number of existing investors. Identiq is still in the early stages of its growth, but its innovative technology has already earned the company some big time partners.
Founders Fund is an innovative venture firm that focuses on consumer internet companies. Its new fund, which has raised a total of $220 million, will invest in 15 to 20 early-stage startups. These investors are some of the younger investors in the Valley, including PayPal co-founder Peter Thiel and PayPal founder Sean Parker. They say they want to get venture capital “back to its roots.” They also say they want to invest anywhere in the world.
Their investments include the leading social network Facebook, widget maker Slide, search engine Powerset, online genealogy mapper Geni, web analytics company Quantcast, and landline calling service Ooma. It also has a Partners Capital program for startups, where members can invest in other companies. It plans to use the funds to improve quality, add coverage, and improve validation. It currently has $47.1 million in funding, with $5 million coming from other investors.
The founders of Founders Fund have all been successful entrepreneurs. Itay Levy, the company’s co-founder, was the former CEO of Appoxee, a mobile marketing automation platform. He holds a BA in Computer Science from Tel Aviv University and an MBA from the Kellogg School of Management at Northwestern University.
Using data gleaned from its live event tracking, AnyRoad allows brands to manage their experiences. This allows brands to better understand the impact of their efforts and increase revenues. In addition to helping brands track their customer interactions, AnyRoad also helps them capture customer data. The company is working with brands such as Ben & Jerry’s, Honda, and Diageo. The company is on track to grow its team to more than 100 by the end of the year.
The company also announced it raised a whopping $81 million in venture capital. The company is a software startup building a no-code workflow automation platform. A few of the company’s executives include former Google CEO Eric Schmidt and Zoom CEO Eric Yuan. The company’s mission statement reads, “Helping brands run their best, most relevant, and most impactful experiences by tracking customer interactions, improving the customer experience, and increasing revenue through innovative solutions.” The company employs more than 60 people and is expected to expand to more than 100 within the year.
Identiq, an Israeli startup, has raised $47 million in Series A funding. The company’s goal is to build the world’s largest decentralized network of identity verification services. The service will enable businesses to verify the identities of consumers without exposing their private information.
The company will use the funds to expand its workforce and support international customers. Its service also includes an investor platform, allowing people to invest in other companies without disclosing their private information. Identiq has already attracted major customers, including Sony.
The company’s technology is based on artificial intelligence. Identiq specializes in identifying important people and businesses. The company plans to improve its validation process and add coverage and quality to its product. Its current user base is over 5 million monthly active users.
The company was founded by two engineers from the University of California, San Diego. Its product was initially developed to identify production defects. Now the company is expanding its product to include entertainment and brand experiences. In addition to the new funding, the company has formed strategic partnerships with Ubisoft and Riot Games.