# Identiq Protocol

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/identiq-protocol

- Industry: Software
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.identiq.com
- Total disclosed funding: $52M
- Latest round: Series A (Mar 3, 2021)
- Investors on record: 7

## About

Based in Israel, Identiq Protocol LTD offers advanced solutions for customer identity verification and fraud prevention, leveraging a private network to enhance trust and security for organizations.Identiq is a company focused on customer identity verification and fraud mitigation. Founded in 2018 in Tel Aviv-Yafo, Israel, the company has received funding through 2 deals, with its most recent being a Series A round in March 2021, raising USD 47.00 mn from investors including Insight Partners and Amdocs, Inc. The co-founders include Ido Shilon, Itay Levy, and Uri Arad, with Itay Levy serving as the current CEO.Identiq is focused on empowering organizations with advanced solutions for customer identity verification and fraud prevention through its private network for identity and trust. The company's core offerings include risk-based onboarding, sign-up validation, and trust and safety solutions. These services facilitate secure and efficient customer interactions by leveraging collective knowledge from network members, enabling businesses to make informed decisions regarding customer identities. Identiq primarily serves clients across various industries, including travel, e-commerce, ticketing, fintech, and telecommunications. Geographically, the company’s products are utilized globally, reaching markets in North America, Europe, and Asia, where businesses face increasing demands for identity security and fraud mitigation.Identiq’s revenue model is structured around partnerships and subscription-based services tailored for its B2B clientele. The company engages with its clients, including retailers and service providers, by offering integrated solutions that enhance identity verification processes. Revenue is generated through recurring subscriptions for access to their identity and trust network, with specific pricing structures designed to accommodate varying business needs. For instance, clients may be charged based on the volume of identity checks conducted or the level of service required, such as basic onboarding or comprehensive fraud prevention measures. These transactions highlight the company's focus on delivering high-value, data-driven security solutions to businesses aiming to enhance their operational efficiency while minimizing risks.Following its Series A funding round in March 2021, which raised USD 47.00 mn, Identiq Protocol LTD plans to utilize the funds to grow its workforce and enhance support for its international customers. The company is also exploring the launch of new products aimed at strengthening its identity verification services, with potential releases expected to address growing market demands. Furthermore, Identiq aims to expand its reach into additional markets in North America, Europe, and Asia, targeting specific industries that require robust identity security solutions.

## Funding rounds

- Series A, Mar 3, 2021, $47M — Vertex Ventures Israel, Insight Partners, Amdocs, Inc., Entree Capital, Slow, Horizon Capital, Sony Innovation Fund
- Seed, May 28, 2019, $5M — Vertex Ventures Israel, Entree Capital, Slow, Horizon Capital

## Investors

- Vertex Ventures Israel (https://capitalatlas.ai/funds/vertex-ventures-israel) — Seed, Series A
- Entree Capital (https://capitalatlas.ai/funds/entree-capital) — Seed, Series A
- Slow (https://capitalatlas.ai/funds/slow) — Seed, Series A
- Horizon Capital — Seed, Series A
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series A
- Amdocs, Inc. — Series A
- Sony Innovation Fund (https://capitalatlas.ai/funds/sony-innovation-fund) — Series A