# ID DataWeb AXN

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/id-dataweb-axn

- Industry: Software
- Headquarters: Vienna, US
- Website: www.iddataweb.com
- Total disclosed funding: $3M
- Latest round: Series B (Jan 20, 2017)
- Investors on record: 1

## About

ID DataWeb AXN is a technology company that delivers advanced identity verification and fraud mitigation solutions, enhancing digital trust for various businesses through reliable authentication processes.Founded in 2011 and headquartered in Vienna, US, ID DataWeb specializes in identity verification services. The company has undergone strategic development since inception, and its CEO, Dave Coxe, has a history of founding and leading successful ventures. ID DataWeb has secured a total of USD 3.00 mn in funding, with the latest round being a Series B round on January 20, 2017, led by Strategic Cyber Ventures. The company has completed two deals to date, demonstrating its growth and investment appeal.ID Dataweb specializes in providing a comprehensive identity verification and fraud mitigation platform designed to enhance digital trust. Their core offerings include a robust risk engine and multi-factor authentication (MFA) services, crucial for establishing a zero-trust security policy. The solutions aid businesses in cleaning up identity data, flagging fraudulent accounts, and verifying user identities across various scenarios, including onboarding and account recovery. ID Dataweb's services cater primarily to sectors like financial services, e-commerce, and technology in North America and Europe, focusing on secure identity verification processes.ID Dataweb operates a subscription-based revenue model, partnering with clients to implement customizable identity verification workflows leveraging their cloud-hosted solution. This allows for swift integration with existing systems and enhanced user experiences. The flagship products include advanced identity proofing tools, priced according to the volume and complexity of verification processes, offering businesses the flexibility and scalability needed to manage identity verification and fraud detection effectively.ID DataWeb plans to utilize the recent USD 3.00 mn raised in the Series B funding to develop new products and expand its market reach. The company is designing advanced identity verification tools slated for launch in 2024, and it aims to penetrate the Asian market by mid-2025. These initiatives are focused on enhancing their service offerings and meeting increasing demand for secure identity verification solutions globally.

## Funding rounds

- Series B, Jan 20, 2017, $3M — Strategic Cyber Ventures

## Investors

- Strategic Cyber Ventures (https://capitalatlas.ai/funds/strategic-cyber-ventures) — Series B