# xID

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

- Industry: Software
- Headquarters: Tokyo, Japan
- Website: www.xid.inc/
- Total disclosed funding: $2.3M
- Latest round: Series C (Sep 4, 2023)
- Investors on record: 3

## About

xID Co., Ltd., d.b.a xID, based in Japan, specializes in digital ID solutions, leveraging the My Number Card system to facilitate identity verification and streamline access to both government and private services. Founded in 2012 in Tokyo, Japan, xID focuses on digital identity solutions, particularly utilizing Japan's My Number Card system.

The company has completed a total of 4 deals, with its most recent funding round occurring in May 2026. The current CEO and co-founder, Hikaru Kusaka, has been pivotal in steering the company toward its innovative approach in digital solutions. xID specializes in the development and promotion of digital ID solutions that leverage Japan's My Number Card system. The company's core offerings include a digital ID application that facilitates online and face-to-face identity verification, enabling seamless access to government and private sector services through a single, secure identifier. This application enhances user convenience while ensuring robust security protocols, addressing the challenge of verifying identities across various contexts. Additionally, xID provides a digital mail service for local governments, ensuring secure delivery of official notifications to residents via a digital mailbox, thus streamlining administrative processes aimed at Japanese municipalities and citizens.xID generates revenue through a combination of subscription-based models and service partnerships with local governments and enterprises. The company's offerings, particularly its flagship digital ID application and municipal digital mail service, involve structured transactions where municipalities pay for the implementation and ongoing support of digital services that enhance their administrative efficiency. Individual users can access the digital ID application for free by using their My Number Card, while businesses and government clients subscribe to tailored services designed for identity management and notification delivery, creating a diverse revenue stream.
In May 2026, xID raised an undisclosed amount?in?venture funding?from Japan Post Capital. The company will use the May 2026 funding to accelerate development and deployment of cross-channel digital notification services.

## Funding rounds

- Series C, Sep 4, 2023, $2.3M — Sumitomo Mitsui Banking Corporation, DG Incubation, Ryobi AlgoTech Capital

## Investors

- Sumitomo Mitsui Banking Corporation — Series C
- DG Incubation (https://capitalatlas.ai/funds/dg-incubation) — Series C
- Ryobi AlgoTech Capital (https://capitalatlas.ai/funds/ryobi-algotech-capital) — Series C