# Danal

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

- Industry: Business Support Services
- Headquarters: San Jose, US
- Website: www.danalinc.com
- Total disclosed funding: $9M
- Latest round: Series A (Jun 21, 2007)
- Investors on record: 1

## About

Danal, Inc. is a communication solutions provider focused on user authentication and verification through advanced API technology, enhancing security for businesses and their customers.Danal, Inc. specializes in providing secure user authentication services. Founded in 2006, the company is headquartered in San Jose, US. Mark Britto, the founder, has previously been involved in other ventures. In December 2018, Boku, Inc. acquired Danal, Inc. for USD 112 mn. The company has successfully completed four deals, with the latest round being an Add-on Trade Sale, raising a total of USD 3.5 mn.Danal, Inc. offers a suite of communication solutions, primarily through its Verify API, which verifies users via SMS, email, WhatsApp, and Time-based One-time Passwords (TOTP). This service addresses secure user authentication needs, facilitating two-factor authentication and preventing fraudulent account creations for clients like Stripe and Intuit, and operates in over 200 countries.Danal, Inc. operates on a usage-based revenue model, charging clients USD 0.05 per successful verification through the Verify API. This model is adaptable for various businesses, including SaaS companies and financial institutions, allowing them to enhance user security according to their operational scale and requirements.Danal, Inc. is focused on expanding its product offerings and geographic reach following its acquisition by Boku, Inc. Plans include launching new verification features and entering additional markets to enhance its service delivery. The recent acquisition funding of USD 112 mn will support these initiatives, further enabling Danal to strengthen its market position and innovate its solutions.

## Funding rounds

- Series A, Jun 21, 2007, $9M — Morgenthaler Ventures

## Investors

- Morgenthaler Ventures (https://capitalatlas.ai/funds/morgenthaler-ventures) — Series A