NuID
Latest round
- Seed
Last raised
- Dec 2018
Total raised
- $4.1M
Investors
- 2
About NuID
NuID, Inc.Founded in 2017 in Seattle, US, NuID, Inc. offers solutions focusing on secure authentication APIs.NuID specializes in providing a trustless authentication API and decentralized identity solution designed for websites and applications. Their core product leverages advanced cryptography and zero-knowledge proofs to facilitate secure user authentication without the need to store sensitive information like passwords on servers. This functionality addresses prevalent issues of credential breaches and enhances user privacy by ensuring that passwords never leave the user’s device, thereby mitigating risks associated with data interception. The company's offerings cater to developers and businesses across diverse sectors, enhancing the user experience while aligning with modern security protocols.NuID operates on a subscription-based revenue model, where clients can access its services through different pricing plans tailored to their authentication needs. Transactions typically involve businesses subscribing to NuID's authentication API, which allows them to integrate trustless authentication capabilities into their applications seamlessly. Clients, which may include e-commerce platforms, SaaS providers, and mobile application developers, engage with NuID to enhance their security infrastructure and improve user experience. Flagship services include the authentication API that facilitates secure logins through modern cryptographic techniques. The company is exploring additional markets in Europe and Asia with an expected expansion timeline by the end of 2023. Recent funds will support these initiatives, allowing NuID to scale operations and enhance product offerings to meet growing security demands in the digital landscape.
Who invested in NuID
2 investors across 2 rounds
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Questions about NuID
Who invested in NuID?
NuID has 2 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has NuID raised?
NuID has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did NuID last raise money?
NuID's most recent round on record is a Seed, in Dec 2018.
What does NuID do?
NuID is a software company.
Where is NuID headquartered?
NuID is headquartered in Seattle, US.
Which VCs invest in companies like NuID?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at NuID's stage. Their profiles are linked below.
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