# Jumio Corporation

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

- Industry: Software
- Headquarters: Sunnyvale, US
- Website: www.jumio.com
- Total disclosed funding: $48M
- Latest round: Series B (Apr 27, 2012)
- Investors on record: 2

## About

Jumio Corporation is a U.S.-based company specializing in Automated Identity Verification and Risk Assessment solutions that enhance customer onboarding processes while mitigating fraud risk across various industries.Founded in 2010 in Sunnyvale, US, Jumio Corporation focuses on delivering identity verification solutions. The company has received funding from Great Hill Partners, which led a USD 150.00 mn investment round in March 2021, bringing the total amount raised to USD 150.00 mn. Robert Prigge serves as CEO, while founders Björn Köhler and Daniel Mattes have a history of entrepreneurship.Jumio specializes in Automated Identity Verification, Risk Assessment, and Compliance solutions designed to streamline the onboarding process while effectively mitigating fraud risk. Their core offerings include identity verification services utilizing advanced biometrics and AI technology to validate users' identities through methods like ID verification, selfie comparison, liveness detection, and document proofing. These solutions cater to a diverse clientele, including financial services, healthcare, online gaming, and retail industries across over 200 countries and territories, addressing critical use cases such as fraud detection and regulatory compliance throughout the customer lifecycle.Jumio generates revenue through a subscription-based model, offering various pricing plans tailored to the needs of businesses across multiple sectors such as banking, gaming, and healthcare. Clients subscribe to a tiered service model, accessing identity verification solutions including Jumio Go and Cross-Transaction Risk capabilities, which allows them to scale their operations while ensuring compliance with anti-money laundering regulations.In March 2021, Jumio Corporation raised USD 150.00 mn in venture funding led by Great Hill Partners. The funds will be utilized to enhance the company's identity authentication automation solutions, extend the Jumio KYX Platform, and broaden its portfolio of anti-money laundering enforcement services. With this support, Jumio aims to launch new products and expand into additional markets to meet growing demands in identity verification.

## Funding rounds

- Series B, Apr 27, 2012, $22M — Citi Venture Capital International, Andreessen Horowitz
- Series B, Dec 30, 2011, $26M — Andreessen Horowitz

## Investors

- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series B
- Citi Venture Capital International (https://capitalatlas.ai/funds/citi-venture-capital-international) — Series B