# Bureau

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bureau

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.bureau.id
- Total disclosed funding: $50M
- Latest round: Series B (Dec 18, 2024)
- Investors on record: 12

## About

Based in San Francisco, California, Bureau, Inc. is a technology company founded in 2020 that specializes in identity verification and fraud prevention solutions to enhance security across various sectors.Bureau, Inc. provides advanced identity verification and fraud prevention services, ensuring secure transactions for clients. Founded by Ranjan Reddy, who has a background in technology startups, the firm has successfully secured significant investment, including USD 29.49 mn in Series B funding led by Sorenson Capital as of December 2024. The company's headquarters is located in San Francisco, US.Bureau offers a comprehensive suite of identity verification, compliance, and fraud prevention solutions designed to facilitate trust-based interactions across various sectors. Their core product leverages a sophisticated algorithm that decodes contextual linkages between identity signals, thereby revealing the true motives behind user actions. This capability is critical for businesses aiming to mitigate identity fraud and enhance their security protocols. Bureau’s services are particularly beneficial for financial institutions, e-commerce platforms, and other digital service providers that require stringent identity verification mechanisms. The company’s solutions are available globally, serving clients across North America, Europe, and Asia, thereby ensuring a robust defense against identity fraud on an international scale.Bureau generates revenue through a subscription-based model for its identity verification and fraud prevention services. Clients, including banks and online retailers, typically enter into annual agreements that provide access to the suite of tools and analytics offered by Bureau. This structured transaction model allows businesses to integrate Bureau’s services into their customer onboarding processes seamlessly. Each partnership is tailored to meet specific compliance needs, ensuring that clients can safeguard their operations while benefiting from continuous updates and improvements in Bureau’s fraud detection capabilities. The company’s flagship offerings serve as a cornerstone of its revenue strategy, reinforcing its position in the identity verification market.In December 2024, Bureau, Inc raised USD 29.49 million in Series B funding led by Sorenson Capital, with participation from returning investors such as Commerce Ventures, GMO VenturePartners, Quona Capital, Village Global, and XYZ Ventures, along with new investor PayPal Ventures. The company plans to utilize this funding to enhance its cybersecurity platform, focusing on developing new products aimed at improving identity verification processes. Bureau is strategizing to expand into additional markets in Europe and Asia by mid-2025, aiming to broaden its client base and strengthen its presence in the identity verification sector.

## Funding rounds

- Series B, Dec 18, 2024, $29M — Sorenson Capital, Commerce Ventures, GMO VenturePartners, Quona Capital, XYZ Ventures, Village Global, PayPal Ventures
- Series A, Jul 18, 2023, $4.5M — Commerce Ventures, GMO VenturePartners, GMO Payment Gateway, Inc., Quona Capital
- Series A, Dec 16, 2021, $12M — Blume Ventures, Commerce Ventures, Quona Capital, XYZ Ventures, Village Global, EMV Capital, Okta Ventures, Sweat Equity Ventures
- Seed, Aug 1, 2020, $4.2M — Blume Ventures, XYZ Ventures, Village Global, EMV Capital, Sweat Equity Ventures

## Investors

- Blume Ventures (https://capitalatlas.ai/funds/blume-ventures) — Seed, Series A
- XYZ Ventures (https://capitalatlas.ai/funds/xyz-ventures) — Seed, Series A, Series B
- Village Global (https://capitalatlas.ai/funds/village-global) — Seed, Series A, Series B
- EMV Capital (https://capitalatlas.ai/funds/emv-capital) — Seed, Series A
- Sweat Equity Ventures (https://capitalatlas.ai/funds/sweat-equity-ventures) — Seed, Series A
- Commerce Ventures (https://capitalatlas.ai/funds/commerce-ventures) — Series A, Series B
- Quona Capital (https://capitalatlas.ai/funds/quona-capital) — Series A, Series B
- Okta Ventures (https://capitalatlas.ai/funds/okta-ventures) — Series A
- GMO VenturePartners (https://capitalatlas.ai/funds/gmo-venturepartners) — Series A, Series B
- GMO Payment Gateway, Inc. — Series A
- Sorenson Capital (https://capitalatlas.ai/funds/sorenson-capital) — Series B
- PayPal Ventures (https://capitalatlas.ai/funds/paypal-ventures) — Series B