{ "title": "Identity Funding Report 2026", "publisher": "StartWithIdentity.com", "url": "https://startwithidentity.com/reports/identity-funding-report-2026/", "snapshot": "2026-10-31", "window": { "from": "2025-01-01", "to": "2026-10-31" }, "source_data_updated": "2026-10-31", "license": "CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). Attribute to StartWithIdentity.com, Identity Funding Report 2026.", "definitions": { "amount_status": { "disclosed": "Stated by the company or an investor in its own announcement.", "reported": "Not stated by the company; reported by a named outlet or confirmed by an investor to the press.", "undisclosed": "No figure stated or credibly reported. amount_usd is null." }, "round_stated": "true when the source names the stage; false when the source gives none and the round label is SWI's placeholder.", "agent_focus": "true when the company or the round announcement explicitly targets AI agents or non-human (machine) identities.", "amount_usd": "Nominal US dollars as stated or as converted by the source; where a floor was given (\"over $20M\") the floor is used. Non-USD conversions by SWI are noted.", "later_acquired_by": "Acquirer, where data/acquisitions.json records an acquisition of the company announced after this round." }, "round_count": 101, "rounds": [ { "id": "2026-10-29-mintive-seed", "company": "Mintive", "vendor_slug": null, "vendor_profile": null, "category": "ai-identity", "round": "Seed", "round_stated": true, "amount_usd": 7000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-10-29", "year": 2026, "quarter": "2026-Q4", "lead_investors": [ "Cowboy Ventures" ], "country": null, "region": "Not stated", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://techcrunch.com/2026/10/29/agent-identity-startup-mintive-lands-cowboy-ventures-coatue-angels-jeff-dean-andrej-karpathy/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "$7M seed led by Cowboy Ventures ($11M total). Borderline: agent-management platform incl. agent identities and authorization. HQ not stated." }, { "id": "2026-10-27-infisical-series-b", "company": "Infisical", "vendor_slug": "secrets/infisical", "vendor_profile": "/vendors/secrets/infisical/", "category": "secrets", "round": "Series B", "round_stated": true, "amount_usd": 40000000, "amount_status": "disclosed", "valuation_usd": 600000000, "valuation_status": "disclosed", "announced": "2026-10-27", "year": 2026, "quarter": "2026-Q4", "lead_investors": [ "Elad Gil" ], "country": "United States", "region": "United States", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://infisical.com/blog/series-b", "swi_coverage": [ "/blog/2026-10-27-infisical-raises-40-million-series-b-for-secrets-and-ai-agent-credentials/" ], "verified_on": "2026-10-31", "notes": "Company blog October 27, 2026: $40M Series B at a $600M valuation led by Elad Gil, with Y Combinator, Gradient, Gallery Ventures, Pace Capital, Dynamic Capital. Funds include Agent Vault for AI agent credential brokering." }, { "id": "2026-09-29-rig-security-seed", "company": "Rig Security", "vendor_slug": null, "vendor_profile": null, "category": "ai-identity", "round": "Seed", "round_stated": true, "amount_usd": 12000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-09-29", "year": 2026, "quarter": "2026-Q3", "lead_investors": [ "Ten Eleven Ventures", "Brightmind Partners" ], "country": "Israel", "region": "Israel", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://dealroom.co/news/157750-wiz-veteran-raises-12m-seed-to-secure-ai-agents-at-rig-security", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "$12M seed led by Ten Eleven and Brightmind; agentic identity. Axios Pro original is paywalled (403); confirmed via Dealroom news." }, { "id": "2026-09-28-arcade-dev-series-a", "company": "Arcade.dev", "vendor_slug": null, "vendor_profile": null, "category": "ai-identity", "round": "Series A", "round_stated": true, "amount_usd": null, "amount_status": "undisclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-09-28", "year": 2026, "quarter": "2026-Q3", "lead_investors": [ "Cisco Investments" ], "country": "United States", "region": "United States", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.arcade.dev/blog/cisco-investments-backs-arcade", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Extension: Cisco Investments joins oversubscribed Series A, amount not disclosed. Company blog Sept 28 2026." }, { "id": "2026-09-22-baselayer-series-a", "company": "Baselayer", "vendor_slug": null, "vendor_profile": null, "category": "identity-verification", "round": "Series A", "round_stated": true, "amount_usd": 35000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-09-22", "year": 2026, "quarter": "2026-Q3", "lead_investors": [ "M13" ], "country": "United States", "region": "United States", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://baselayer.com/resources/baselayer-series-a-agentic-identity-suite/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company release New York, September 22, 2026: $35M Series A led by M13, launched with an Agentic Identity Suite (Know Your Agent). Main product is business identity verification (KYB), so this may belong to a KYC list; included because the round is pitched at agent identity." }, { "id": "2026-09-22-outerlimit-pre-seed", "company": "Outerlimit", "vendor_slug": null, "vendor_profile": null, "category": "ai-identity", "round": "Pre-seed", "round_stated": true, "amount_usd": 16000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-09-22", "year": 2026, "quarter": "2026-Q3", "lead_investors": [], "country": "United Kingdom", "region": "Europe", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.outerlimit.com/company-news/outerlimit-launch", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company release London and New York, September 22, 2026: $16M pre-seed from AlbionVC, Evolution Equity Partners and Crane Venture Partners; no lead named. Decentralized security and authorization layer for AI agents. Country inferred from London dateline and founders (ex-Egress)." }, { "id": "2026-08-27-socure-growth", "company": "Socure", "vendor_slug": "identity-verification/socure", "vendor_profile": "/vendors/identity-verification/socure/", "category": "identity-verification", "round": "Growth", "round_stated": true, "amount_usd": 156000000, "amount_status": "reported", "valuation_usd": 5200000000, "valuation_status": "disclosed", "announced": "2026-08-27", "year": 2026, "quarter": "2026-Q3", "lead_investors": [ "Summit Partners" ], "country": "United States", "region": "United States", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.socure.com/news-and-press/strategic-growth-investment-fravity-acquisition", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company release Aug 27 2026: strategic growth investment at $5.2B valuation led by Summit Partners (Goldman Sachs Alternatives, Wells Fargo, Docusign participating), includes primary plus secondary employee tender; release does not state amount. $156M reported by Biometric Update and others (some call it a Series E extension). Fravity acquisition announced same day (excluded)." }, { "id": "2026-08-25-teleport-strategic", "company": "Teleport", "vendor_slug": "pam/teleport", "vendor_profile": "/vendors/pam/teleport/", "category": "pam", "round": "Strategic", "round_stated": true, "amount_usd": null, "amount_status": "undisclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-08-25", "year": 2026, "quarter": "2026-Q3", "lead_investors": [ "Cisco" ], "country": "United States", "region": "United States", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://goteleport.com/about/newsroom/press-releases/cisco-teleport-partnership/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company release: Cisco-Teleport partnership 'centered on deep technology integration, licensing, and investment'; Cisco described as largest strategic investor. No amount or round. Date Aug 25, 2026 taken from Teleport newsroom listing (release page itself undated)." }, { "id": "2026-08-04-above-security-strategic", "company": "Above Security", "vendor_slug": "itdr/above-security", "vendor_profile": "/vendors/itdr/above-security/", "category": "itdr", "round": "Strategic", "round_stated": true, "amount_usd": null, "amount_status": "undisclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-08-04", "year": 2026, "quarter": "2026-Q3", "lead_investors": [ "CrowdStrike Falcon Fund" ], "country": "Israel", "region": "Israel", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://dealroom.co/news/143040-crowdstrike-backs-above-security-months-after-its-50m-raise/", "swi_coverage": [ "/blog/2026-08-04-above-security-lands-crowdstrike-falcon-fund-investment-for-insider-risk/" ], "verified_on": "2026-10-31", "notes": "Dealroom: strategic investment from CrowdStrike Falcon Fund announced Aug 4, 2026 at Black Hat with a Falcon integration; amount undisclosed. Underlying PR Newswire release not opened. Same insider-risk borderline as the March round." }, { "id": "2026-08-04-obsidian-security-series-d", "company": "Obsidian Security", "vendor_slug": "itdr/obsidian-security", "vendor_profile": "/vendors/itdr/obsidian-security/", "category": "itdr", "round": "Series D", "round_stated": true, "amount_usd": 85000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-08-04", "year": 2026, "quarter": "2026-Q3", "lead_investors": [ "Crescent Cove Advisors" ], "country": "United States", "region": "United States", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.obsidiansecurity.com/news/unlocking-ai-potential-securely", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company release: $85M Series D led by Crescent Cove Advisors with Greylock and Menlo. Borderline: announcement centers on SaaS and AI-agent runtime controls rather than ITDR; included because SWI profiles Obsidian under ITDR." }, { "id": "2026-07-28-hush-security-series-a", "company": "Hush Security", "vendor_slug": null, "vendor_profile": null, "category": "ai-identity", "round": "Series A", "round_stated": true, "amount_usd": 30000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-07-28", "year": 2026, "quarter": "2026-Q3", "lead_investors": [], "country": "Israel", "region": "Israel", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.hush.security/resources/hush-security-raises-30m-to-close-the-ai-agent-governance-gap-with-akamai-joining-as-strategic-investor/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company release Tel Aviv, July 28, 2026: $30M Series A; Akamai joins as strategic investor alongside existing investors Battery Ventures and YL Ventures; no lead named. Total $41M." }, { "id": "2026-07-27-way-security-seed", "company": "Way Security", "vendor_slug": null, "vendor_profile": null, "category": "iam", "round": "Seed", "round_stated": true, "amount_usd": 20000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-07-27", "year": 2026, "quarter": "2026-Q3", "lead_investors": [ "Insight Partners", "Glilot Capital" ], "country": "Israel", "region": "Israel", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.calcalistech.com/ctechnews/article/b1exptvszl", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "$20M seed led by Insight Partners and Glilot Capital; automates IAM implementation." }, { "id": "2026-07-15-oak-seed", "company": "Oak", "vendor_slug": null, "vendor_profile": null, "category": "iga", "round": "Seed", "round_stated": true, "amount_usd": 60000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-07-15", "year": 2026, "quarter": "2026-Q3", "lead_investors": [ "Accel", "Greylock", "CRV" ], "country": "Israel", "region": "Israel", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.prnewswire.com/news-releases/oak-raises-60m-in-seed-funding-to-build-the-ai-native-identity-operating-system-302826349.html", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company release: $60M seed co-led by Accel, Greylock, CRV, with Hetz Ventures and AlphaDrive. 'Identity Operating System' replacing legacy IGA and identity security tools for humans, machines and AI agents. Datelines Tel Aviv and San Francisco; country unsure." }, { "id": "2026-07-10-gataca-growth", "company": "Gataca", "vendor_slug": "decentralized-identity/gataca", "vendor_profile": "/vendors/decentralized-identity/gataca/", "category": "decentralized-identity", "round": "Growth", "round_stated": false, "amount_usd": null, "amount_status": "undisclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-07-10", "year": 2026, "quarter": "2026-Q3", "lead_investors": [ "Signature Ventures" ], "country": "Spain", "region": "Europe", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.biometricupdate.com/202607/investors-back-lissi-gatacas-expansions-to-meet-eu-digital-identity-wallet-moment", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Undisclosed round from new and existing investors; IDTechWire (Jul 13, 2026) names Signature Ventures as lead and Wolver Ventures as new investor. Stage not stated; Growth is a placeholder." }, { "id": "2026-07-10-lissi-seed", "company": "Lissi", "vendor_slug": null, "vendor_profile": null, "category": "decentralized-identity", "round": "Seed", "round_stated": false, "amount_usd": 4000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-07-10", "year": 2026, "quarter": "2026-Q3", "lead_investors": [ "Ventech" ], "country": "Germany", "region": "Europe", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.biometricupdate.com/202607/investors-back-lissi-gatacas-expansions-to-meet-eu-digital-identity-wallet-moment", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "EUR 3.5M (source: approx US$4M) led by Ventech with BMH Hessen. EUDI wallet infrastructure. Stage not stated by source; Seed label is an assumption. Date is the article date." }, { "id": "2026-07-09-8layers-pre-seed", "company": "8Layers", "vendor_slug": null, "vendor_profile": null, "category": "itdr", "round": "Pre-seed", "round_stated": true, "amount_usd": 1100000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-07-09", "year": 2026, "quarter": "2026-Q3", "lead_investors": [], "country": "Spain", "region": "Europe", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.securityweek.com/8layers-raises-2-9-million-for-identity-security-platform/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "$1.1M pre-seed extension bringing total early-stage funding to $2.9M; ISPM/ITDR platform. Lead not captured." }, { "id": "2026-07-06-keyfactor-growth", "company": "Keyfactor", "vendor_slug": "pki/keyfactor", "vendor_profile": "/vendors/pki/keyfactor/", "category": "pki", "round": "Growth", "round_stated": true, "amount_usd": 1000000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-07-06", "year": 2026, "quarter": "2026-Q3", "lead_investors": [ "Summit Partners" ], "country": "United States", "region": "United States", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.keyfactor.com/press-releases/keyfactor-announces-1b-strategic-growth-investment-led-by-summit-partners-to-expand-leadership-in-securing-the-ai-and-post-quantum-enterprise/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Keyfactor release (Atlanta and Stockholm, July 6 2026): '$1 billion+' strategic growth investment led by Summit Partners; amount_usd is the $1B floor. Insight Partners and Sixth Street Growth keep significant ownership. Summit Partners page shows July 7. Not stated whether Summit took majority; PE growth deal, borderline vs. a venture round. Machine identity framing (agent_focus true)." }, { "id": "2026-06-29-wultra-series-a", "company": "Wultra", "vendor_slug": null, "vendor_profile": null, "category": "mfa", "round": "Series A", "round_stated": true, "amount_usd": 7800000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-06-29", "year": 2026, "quarter": "2026-Q2", "lead_investors": [ "Seventure Partners" ], "country": "Czech Republic", "region": "Europe", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.biometricupdate.com/202606/wultra-raises-e6-8m-to-scale-eudi-wallet-quantum-safe-authentication", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "EUR 6.8M Series A (source converts to about US$7.8M) led by Seventure; post-quantum authentication plus EUDI wallet capabilities for banks. Date is the article date." }, { "id": "2026-06-22-idfy-growth", "company": "IDfy", "vendor_slug": "identity-verification/idfy", "vendor_profile": "/vendors/identity-verification/idfy/", "category": "identity-verification", "round": "Growth", "round_stated": false, "amount_usd": 23000000, "amount_status": "reported", "valuation_usd": 256400000, "valuation_status": "reported", "announced": "2026-06-22", "year": 2026, "quarter": "2026-Q2", "lead_investors": [], "country": "India", "region": "India", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.biometricupdate.com/202606/indian-identity-verification-firm-idfy-raises-23m-at-256m-valuation", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "INR 2.2B (about US$23M) at INR 24.2B (about US$256.4M) post-money, confirmed by an investor to Tech In Asia; closed June 2026. Stage and lead not named; possibly a Series F extension. Date is Biometric Update article date." }, { "id": "2026-06-15-newcore-seed", "company": "NewCore", "vendor_slug": null, "vendor_profile": null, "category": "iam", "round": "Seed", "round_stated": false, "amount_usd": 66000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-06-15", "year": 2026, "quarter": "2026-Q2", "lead_investors": [ "Cyberstarts", "Index Ventures", "Evolution Equity Partners" ], "country": "Israel", "region": "Israel", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://newcore.com/newsroom/newcore-emerges-from-stealth-66m", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company release Tel Aviv and San Francisco, June 15, 2026: emerged from stealth with $66M from Cyberstarts, Index Ventures, Evolution Equity. Release does not name a round type or a lead; FinTech Global calls it a seed round. Dual Tel Aviv / US presence; country is a judgment call." }, { "id": "2026-06-12-arcade-dev-series-a", "company": "Arcade.dev", "vendor_slug": null, "vendor_profile": null, "category": "ai-identity", "round": "Series A", "round_stated": true, "amount_usd": 60000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-06-12", "year": 2026, "quarter": "2026-Q2", "lead_investors": [ "SYN Ventures" ], "country": "United States", "region": "United States", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.arcade.dev/blog/arcade-series-a", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company blog dated June 12 2026: $60M Series A led by SYN Ventures, strategic Morgan Stanley and Wipro; total $72M. SiliconANGLE covered June 15 as 'AI agent authorization startup'. May duplicate the ai-identity file." }, { "id": "2026-06-04-opal-security-growth", "company": "Opal Security", "vendor_slug": null, "vendor_profile": null, "category": "iga", "round": "Growth", "round_stated": false, "amount_usd": 23000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-06-04", "year": 2026, "quarter": "2026-Q2", "lead_investors": [ "Greylock", "Battery Ventures" ], "country": "United States", "region": "United States", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.opal.dev/media-press/opal-security-raises-23m-new-leadership", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company release Jun 4, 2026 (San Francisco and New York): $23M 'new funding' led by Greylock and Battery Ventures with Cambium Capital; total $59M. Company did not label the round, so 'Growth' is a placeholder. Borderline scope: access governance for human, non-human and agentic identities (IGA)." }, { "id": "2026-06-04-willow-seed", "company": "Willow", "vendor_slug": null, "vendor_profile": null, "category": "ai-identity", "round": "Seed", "round_stated": true, "amount_usd": 7000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-06-04", "year": 2026, "quarter": "2026-Q2", "lead_investors": [ "Hetz Ventures" ], "country": "Israel", "region": "Israel", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://withwillow.ai/blog/willow-7m-seed-funding", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company blog: Herzliya, Israel, June 4, 2026, $7M seed led by Hetz Ventures (post shows a later 'last update' date of Sep 28, 2026). Agentic access platform governing what agents can do on behalf of users." }, { "id": "2026-05-27-lastwall-series-a", "company": "Lastwall", "vendor_slug": null, "vendor_profile": null, "category": "iam", "round": "Series A", "round_stated": false, "amount_usd": 16000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-05-27", "year": 2026, "quarter": "2026-Q2", "lead_investors": [ "Business Development Bank of Canada (BDC)" ], "country": "United States", "region": "United States", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.lastwall.com/post/lastwall-raises-16m", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company post: $16M led by BDC StrongNorth Fund with NBIF, Frostbite Capital and existing investors. Release does not name the stage (Series A per Return on Security). Offices in Honolulu and Fredericton (dateline Fredericton), so country could be Canada. Borderline: identity and authentication for defense/government zero trust; could be categorized mfa." }, { "id": "2026-05-26-didit-seed", "company": "Didit", "vendor_slug": "identity-verification/didit", "vendor_profile": "/vendors/identity-verification/didit/", "category": "identity-verification", "round": "Seed", "round_stated": true, "amount_usd": 6000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-05-26", "year": 2026, "quarter": "2026-Q2", "lead_investors": [], "country": "Spain", "region": "Europe", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.biometricupdate.com/202605/didit-raises-6m-to-expand-identity-and-fraud-infrastructure-platform", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Seed extension: additional $6M, total seed $7.5M. Investors include Y Combinator, Pioneer Fund, Orange Collective, Founders Future; no lead named. Dealroom (May 26 2026) reports it as EUR 6.4M seed including earlier tranche; Biometric Update dated May 27. Barcelona and San Francisco." }, { "id": "2026-05-20-provision-iam-strategic", "company": "Provision IAM", "vendor_slug": null, "vendor_profile": null, "category": "iam", "round": "Strategic", "round_stated": true, "amount_usd": 1250000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-05-20", "year": 2026, "quarter": "2026-Q2", "lead_investors": [ "Georgia's Own Holdings", "InTouch Credit Union" ], "country": "United States", "region": "United States", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.prnewswire.com/news-releases/provision-iam-announces-strategic-investments-from-georgias-own-and-intouch-credit-unions-302778028.html", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company release: strategic investments of $1M (Georgia's Own Holdings) and $250K (InTouch Credit Union). IAM/access reviews SaaS for community banks and credit unions; Cumberland, Maryland." }, { "id": "2026-04-16-spektr-series-a", "company": "spektr", "vendor_slug": null, "vendor_profile": null, "category": "identity-verification", "round": "Series A", "round_stated": true, "amount_usd": 20000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-04-16", "year": 2026, "quarter": "2026-Q2", "lead_investors": [ "NEA" ], "country": "Denmark", "region": "Europe", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://fintech.global/2026/04/16/spektr-targets-kyc-bottleneck-with-20m-series-a-raise/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "BORDERLINE: KYC/KYB compliance automation (AI agents for onboarding), not a verification engine itself. $20M Series A led by NEA; Copenhagen. agent_focus false (uses agents, does not secure them)." }, { "id": "2026-03-31-linx-security-series-b", "company": "Linx Security", "vendor_slug": null, "vendor_profile": null, "category": "iga", "round": "Series B", "round_stated": true, "amount_usd": 50000000, "amount_status": "reported", "valuation_usd": null, "valuation_status": null, "announced": "2026-03-31", "year": 2026, "quarter": "2026-Q1", "lead_investors": [ "Insight Partners" ], "country": "United States", "region": "United States", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://siliconangle.com/2026/03/31/linx-security-raises-50m-new-funding-grow-identity-access-platform/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "SiliconANGLE and Globes (Mar 31, 2026), SecurityWeek (Apr 2): $50M Series B led by Insight Partners with Cyberstarts and Index Ventures; total $83M. New York HQ, Israeli founders. Governs human, non-human and agentic identities." }, { "id": "2026-03-23-above-security-series-a", "company": "Above Security", "vendor_slug": "itdr/above-security", "vendor_profile": "/vendors/itdr/above-security/", "category": "itdr", "round": "Series A", "round_stated": false, "amount_usd": 50000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-03-23", "year": 2026, "quarter": "2026-Q1", "lead_investors": [ "Ballistic Ventures", "Merlin Ventures", "Norwest" ], "country": "Israel", "region": "Israel", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.prnewswire.com/news-releases/above-security-raises-50m-to-solve-insider-risk-in-the-agentic-era-302721984.html", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company release: emerged from stealth with $50M led by Ballistic, Merlin, Norwest (Jump Capital, QPV participating). Release does not label the round; trackers call it Series A (one says $43M A within $50M). Borderline: insider-risk platform analyzing identity, endpoint, SaaS, AI; included because SWI profiles it under ITDR. Pitched at AI agents as insiders." }, { "id": "2026-03-19-oasis-security-series-b", "company": "Oasis Security", "vendor_slug": "ai-identity/oasis-security", "vendor_profile": "/vendors/ai-identity/oasis-security/", "category": "ai-identity", "round": "Series B", "round_stated": true, "amount_usd": 120000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-03-19", "year": 2026, "quarter": "2026-Q1", "lead_investors": [ "Craft Ventures" ], "country": "United States", "region": "United States", "agent_focus": true, "later_acquired_by": "Cyera", "acquisition_announced": "2026-07-28", "days_round_to_acquisition": 131, "source_url": "https://www.newswire.com/news/oasis-security-raises-120m-series-b-to-secure-the-rise-of-enterprise-22748198", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company release via Newswire, New York, March 19, 2026: $120M Series B led by Craft Ventures with Cyberstarts, Sequoia, Accel; total $195M. No 2025 Oasis round found. HQ New York with Tel Aviv R&D. Cyera later signed an LOI to acquire Oasis (July 2026)." }, { "id": "2026-03-16-deepidv-seed", "company": "deepidv", "vendor_slug": null, "vendor_profile": null, "category": "identity-verification", "round": "Seed", "round_stated": true, "amount_usd": 1000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-03-16", "year": 2026, "quarter": "2026-Q1", "lead_investors": [], "country": "Canada", "region": "Rest of world", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.biometricupdate.com/202603/biometric-idv-startup-raises-1m-opens-us-operations-and-launches-anti-fraud-suite", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "$1M seed; Toronto-founded, opened San Francisco ops. No lead named. CEO quote mentions AI agents needing verified identity but product is biometric IDV, so agent_focus false." }, { "id": "2026-03-12-veryai-seed", "company": "VeryAI", "vendor_slug": null, "vendor_profile": null, "category": "identity-verification", "round": "Seed", "round_stated": true, "amount_usd": 10000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-03-12", "year": 2026, "quarter": "2026-Q1", "lead_investors": [ "Polychain Capital" ], "country": "United States", "region": "United States", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.biometricupdate.com/202603/veryai-raises-10m-for-palm-biometric-platform-aimed-at-ai-driven-fraud", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "$10M seed led by Polychain; smartphone palm biometric IDV ('Proof of Reality'). HQ country not stated in source; assumed US (very.org footer shows an Inc.). Verify country." }, { "id": "2026-03-02-workos-series-c", "company": "WorkOS", "vendor_slug": "ciam/workos", "vendor_profile": "/vendors/ciam/workos/", "category": "ciam", "round": "Series C", "round_stated": true, "amount_usd": 100000000, "amount_status": "disclosed", "valuation_usd": 2000000000, "valuation_status": "disclosed", "announced": "2026-03-02", "year": 2026, "quarter": "2026-Q1", "lead_investors": [ "Meritech Capital", "Sapphire Ventures" ], "country": "United States", "region": "United States", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://workos.com/blog/series-c", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "WorkOS blog dated March 2 2026: $100M Series C led by Meritech and Sapphire at $2B valuation; post frames next phase around authenticating and authorizing AI agents." }, { "id": "2026-02-18-venice-security-seed", "company": "Venice Security", "vendor_slug": null, "vendor_profile": null, "category": "pam", "round": "Seed", "round_stated": true, "amount_usd": 8000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-02-18", "year": 2026, "quarter": "2026-Q1", "lead_investors": [ "Index Ventures" ], "country": "United States", "region": "United States", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.indexventures.com/perspectives/venice-security-emerges-from-stealth-with-33m-in-funding-to-redefine-enterprise-privileged-access-management-in-the-ai-era/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Investor post: Venice emerged from stealth with $33M total, an $8M seed led by Index Ventures (closed earlier, announced together) plus a $25M Series A. HQ not stated on page; 'United States' is from the Return on Security tracker, unsure." }, { "id": "2026-02-18-venice-security-series-a", "company": "Venice Security", "vendor_slug": null, "vendor_profile": null, "category": "pam", "round": "Series A", "round_stated": true, "amount_usd": 25000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-02-18", "year": 2026, "quarter": "2026-Q1", "lead_investors": [ "IVP" ], "country": "United States", "region": "United States", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.indexventures.com/perspectives/venice-security-emerges-from-stealth-with-33m-in-funding-to-redefine-enterprise-privileged-access-management-in-the-ai-era/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Investor post: $25M Series A led by IVP with Index Ventures, Vine Ventures, Holly Ventures; announced alongside $8M seed (total $33M). Adaptive PAM. HQ not stated on page; country from tracker, unsure." }, { "id": "2026-02-16-idfy-series-f", "company": "IDfy", "vendor_slug": "identity-verification/idfy", "vendor_profile": "/vendors/identity-verification/idfy/", "category": "identity-verification", "round": "Series F", "round_stated": true, "amount_usd": 52000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-02-16", "year": 2026, "quarter": "2026-Q1", "lead_investors": [ "Neo Asset Management" ], "country": "India", "region": "India", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.biometricupdate.com/202602/idfy-secures-52m-to-pursue-digital-id-trust-services-ambitions", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "INR 476 crore (source: approx US$52M) Series F led by Neo Asset Management; includes primary and secondary components. Date is the article date." }, { "id": "2026-02-11-gitguardian-series-c", "company": "GitGuardian", "vendor_slug": "secrets/gitguardian", "vendor_profile": "/vendors/secrets/gitguardian/", "category": "secrets", "round": "Series C", "round_stated": true, "amount_usd": 50000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-02-11", "year": 2026, "quarter": "2026-Q1", "lead_investors": [ "Insight Partners" ], "country": "France", "region": "Europe", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://blog.gitguardian.com/series-c-pr/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company release Paris/New York, February 11, 2026: $50M Series C led by Insight Partners with Quadrille Capital and existing investors Balderton, BPI, Eurazeo, Fly Ventures, Sapphire. Pitched at NHI and AI agent security." }, { "id": "2026-02-10-segura-growth", "company": "Segura", "vendor_slug": "pam/segura", "vendor_profile": "/vendors/pam/segura/", "category": "pam", "round": "Growth", "round_stated": true, "amount_usd": 25000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-02-10", "year": 2026, "quarter": "2026-Q1", "lead_investors": [ "Riverwood Capital" ], "country": "Brazil", "region": "Rest of world", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://segura.security/post/riverwood-capital-investment/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company post (Feb 10, 2026): US$25M growth round led by Riverwood Capital; Sao Paulo HQ. Graphene Ventures blog (Feb 11) confirms. Axios Pro had the exclusive (paywalled)." }, { "id": "2026-02-04-duna-series-a", "company": "Duna", "vendor_slug": null, "vendor_profile": null, "category": "identity-verification", "round": "Series A", "round_stated": true, "amount_usd": 35000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2026-02-04", "year": 2026, "quarter": "2026-Q1", "lead_investors": [ "CapitalG" ], "country": "Netherlands", "region": "Europe", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://techcrunch.com/2026/02/04/stripe-alumni-raise-e30m-series-a-for-duna-backed-by-stripe-and-adyen-execs/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "EUR 30M Series A led by CapitalG (TechCrunch Feb 4 2026; Business Wire release dated Feb 5). USD is approximate conversion (about 1.17 USD/EUR; PYMNTS also reported $35M); source gives euros only. Company is Germany and Netherlands based." }, { "id": "2025-12-09-saviynt-series-b", "company": "Saviynt", "vendor_slug": "iga/saviynt", "vendor_profile": "/vendors/iga/saviynt/", "category": "iga", "round": "Series B", "round_stated": true, "amount_usd": 700000000, "amount_status": "disclosed", "valuation_usd": 3000000000, "valuation_status": "disclosed", "announced": "2025-12-09", "year": 2025, "quarter": "2025-Q4", "lead_investors": [ "KKR" ], "country": "United States", "region": "United States", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://saviynt.com/press-release/saviynt-raises-700m-in-kkr-led-round-to-establish-identity-security-as-the-foundation-for-the-ai-era", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company release: '$700M Series B Growth Equity Financing' at approximately $3B valuation, led by funds managed by KKR with Sixth Street Growth, TenEleven and Carrick Capital. SecurityWeek notes part may be secondary. Platform covers human, non-human and AI agent identities." }, { "id": "2025-11-24-opti-seed", "company": "Opti", "vendor_slug": null, "vendor_profile": null, "category": "iam", "round": "Seed", "round_stated": true, "amount_usd": 20000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-11-24", "year": 2025, "quarter": "2025-Q4", "lead_investors": [ "YL Ventures", "Mayfield Fund", "Hetz Ventures" ], "country": "Israel", "region": "Israel", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.ynetnews.com/business/article/hjw2immzbl", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "$20M seed led by YL Ventures, Mayfield and Hetz. Date from page published_time metadata." }, { "id": "2025-11-19-tmt-id-growth", "company": "TMT ID", "vendor_slug": null, "vendor_profile": null, "category": "identity-verification", "round": "Growth", "round_stated": false, "amount_usd": 39500000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-11-19", "year": 2025, "quarter": "2025-Q4", "lead_investors": [ "BGF" ], "country": "United Kingdom", "region": "Europe", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.biometricupdate.com/202511/tmt-id-plans-to-expand-digital-identity-portfolio-reach-with-30m-investment", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "GBP 30M from BGF (source converts to about US$39.5M). Mobile network data for onboarding, KYC and age verification. Article date Nov 19 2025." }, { "id": "2025-11-18-apono-series-b", "company": "Apono", "vendor_slug": "pam/apono", "vendor_profile": "/vendors/pam/apono/", "category": "pam", "round": "Series B", "round_stated": true, "amount_usd": 34000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-11-18", "year": 2025, "quarter": "2025-Q4", "lead_investors": [ "U.S. Venture Partners" ], "country": "Israel", "region": "Israel", "agent_focus": true, "later_acquired_by": "1Password", "acquisition_announced": "2026-06-15", "days_round_to_acquisition": 209, "source_url": "https://www.apono.io/blog/apono-raises-34m-series-b-to-redefine-privileged-access-for-the-agentic-era/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company release New York, November 18, 2025: $34M Series B led by USVP with Swisscom Ventures, Vertex, 33N; total over $54M. PAM / zero standing privilege pitched for the agentic era; may overlap a PAM-scope list. SWI profile HQ Tel Aviv / New York. Site banner says Apono is now part of 1Password (later event)." }, { "id": "2025-11-18-nudge-security-series-a", "company": "Nudge Security", "vendor_slug": "itdr/nudge-security", "vendor_profile": "/vendors/itdr/nudge-security/", "category": "itdr", "round": "Series A", "round_stated": true, "amount_usd": 22500000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-11-18", "year": 2025, "quarter": "2025-Q4", "lead_investors": [ "Cerberus Ventures" ], "country": "United States", "region": "United States", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.nudgesecurity.com/press/nudge-security-raises-22-5m-series-a-to-secure-workforce-ai-and-saas", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company release: $22.5M Series A led by Cerberus Ventures with Ballistic, Forgepoint, Squadra. Borderline: positioned as SaaS and AI security governance; included because SWI profiles it under ITDR." }, { "id": "2025-11-14-self-seed", "company": "Self", "vendor_slug": null, "vendor_profile": null, "category": "decentralized-identity", "round": "Seed", "round_stated": true, "amount_usd": 9000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-11-14", "year": 2025, "quarter": "2025-Q4", "lead_investors": [], "country": null, "region": "Not stated", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.biometricupdate.com/202511/self-completes-9m-seed-round-introduces-points-scheme-for-verification", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "ZK identity / proof of personhood (passport NFC). Release announced completion of $9M seed raised 'earlier this year'; no lead named (Greenfield Capital, SBI Fund, Spearhead among participants). Date is announcement date, close date unknown. May overlap with decentralized-identity researcher." }, { "id": "2025-11-07-indicio-strategic", "company": "Indicio", "vendor_slug": "decentralized-identity/indicio", "vendor_profile": "/vendors/decentralized-identity/indicio/", "category": "decentralized-identity", "round": "Strategic", "round_stated": true, "amount_usd": null, "amount_status": "undisclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-11-07", "year": 2025, "quarter": "2025-Q4", "lead_investors": [ "NEC X" ], "country": "United States", "region": "United States", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.biometricupdate.com/202511/indicio-joins-nec-accelerator-program-with-new-investment", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Corporate investment from NEC X tied to its Elev X! Boost accelerator; amount undisclosed. Article dated Nov 7; NEC X release reportedly Nov 6 (not opened). Agent focus because the announcement cites AI agent authentication." }, { "id": "2025-11-06-truffle-security-series-b", "company": "Truffle Security", "vendor_slug": null, "vendor_profile": null, "category": "secrets", "round": "Series B", "round_stated": true, "amount_usd": 25000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-11-06", "year": 2025, "quarter": "2025-Q4", "lead_investors": [ "Intel Capital", "Andreessen Horowitz" ], "country": "United States", "region": "United States", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://trufflesecurity.com/press/series-b", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company press release November 6, 2025: $25M Series B led by Intel Capital and a16z. Maker of TruffleHog; positions as NHI and secrets detection/remediation." }, { "id": "2025-11-05-evrotrust-growth", "company": "Evrotrust", "vendor_slug": null, "vendor_profile": null, "category": "identity-verification", "round": "Growth", "round_stated": false, "amount_usd": 7500000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-11-05", "year": 2025, "quarter": "2025-Q4", "lead_investors": [ "3TS Capital Partners" ], "country": "Bulgaria", "region": "Europe", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.biometricupdate.com/202511/bulgarian-eid-provider-evrotrust-raises-7-5m", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "EUR 6.6M (source converts to US$7.5M) from 3TS Capital Partners; stage not named. Bulgarian national eID scheme provider and qualified trust service." }, { "id": "2025-10-28-conductorone-series-b", "company": "ConductorOne", "vendor_slug": "iga/conductorone", "vendor_profile": "/vendors/iga/conductorone/", "category": "iga", "round": "Series B", "round_stated": true, "amount_usd": 79000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-10-28", "year": 2025, "quarter": "2025-Q4", "lead_investors": [ "Greycroft" ], "country": "United States", "region": "United States", "agent_focus": true, "later_acquired_by": "Workday", "acquisition_announced": "2026-10-13", "days_round_to_acquisition": 350, "source_url": "https://www.greycroft.com/perspectives/building-the-future-of-ai-native-identity-security-greycroft-leads-conductorones-series-b/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Lead investor's own post (Oct 28, 2025): $79M Series B led by Greycroft with CrowdStrike Falcon Fund, Accel, Felicis; SiliconANGLE confirms. Pitch covers human, non-human and AI identities. Company now brands as C1. BusinessWire release bot-blocked." }, { "id": "2025-10-21-defakto-series-b", "company": "Defakto", "vendor_slug": "machine-identity/spirl", "vendor_profile": "/vendors/machine-identity/spirl/", "category": "machine-identity", "round": "Series B", "round_stated": true, "amount_usd": 30750000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-10-21", "year": 2025, "quarter": "2025-Q4", "lead_investors": [ "XYZ Venture Capital" ], "country": "United States", "region": "United States", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.securityweek.com/defakto-raises-30-million-for-non-human-iam-platform/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Formerly SPIRL. SecurityWeek (Oct 21, 2025, 'on Tuesday announced'): $30.75M Series B led by XYZ Venture Capital with The General Partnership, Bloomberg Beta, WndrCo, Adverb, J.P. Morgan; total about $50M. Company blog post exists at defakto.security (not opened)." }, { "id": "2025-10-21-keycard-seed", "company": "Keycard", "vendor_slug": null, "vendor_profile": null, "category": "ai-identity", "round": "Seed", "round_stated": true, "amount_usd": 8000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-10-21", "year": 2025, "quarter": "2025-Q4", "lead_investors": [ "Andreessen Horowitz", "Boldstart Ventures" ], "country": "United States", "region": "United States", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.helpnetsecurity.com/2025/10/22/keycard-ai-agents-identity-access-platform/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Announced with the Series A at stealth exit; $8M seed co-led by a16z and boldstart. Help Net Security dated Oct 22; SiliconANGLE and Digital Commerce 360 dated Oct 21. Agent-first; likely duplicates the ai-identity file." }, { "id": "2025-10-21-keycard-series-a", "company": "Keycard", "vendor_slug": null, "vendor_profile": null, "category": "ai-identity", "round": "Series A", "round_stated": true, "amount_usd": 30000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-10-21", "year": 2025, "quarter": "2025-Q4", "lead_investors": [ "Acrew Capital" ], "country": "United States", "region": "United States", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.helpnetsecurity.com/2025/10/22/keycard-ai-agents-identity-access-platform/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "$30M Series A led by Acrew Capital; $38M total with seed. Agent-first; likely duplicates the ai-identity file." }, { "id": "2025-10-16-aiprise-series-a", "company": "AiPrise", "vendor_slug": null, "vendor_profile": null, "category": "identity-verification", "round": "Series A", "round_stated": true, "amount_usd": 12500000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-10-16", "year": 2025, "quarter": "2025-Q4", "lead_investors": [ "Headline" ], "country": "United States", "region": "United States", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.biometricupdate.com/202510/aiprise-secures-12-5m-series-a-funding-for-its-kyc-and-kyb-streamlining-mission", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "$12.5M Series A led by Headline with Y Combinator. KYC/KYB orchestration. HQ not stated in article; YC company, US assumed." }, { "id": "2025-10-15-clerk-series-c", "company": "Clerk", "vendor_slug": "ciam/clerk", "vendor_profile": "/vendors/ciam/clerk/", "category": "ciam", "round": "Series C", "round_stated": true, "amount_usd": 50000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-10-15", "year": 2025, "quarter": "2025-Q4", "lead_investors": [ "Menlo Ventures", "Anthology Fund (Anthropic and Menlo)" ], "country": "United States", "region": "United States", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://clerk.com/blog/series-c", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Clerk blog confirms $50M Series C led by Menlo and Anthropic's Anthology Fund, Georgian and prior investors participating; blog undated, date from Menlo Ventures post (menlovc.com, Oct 15 2025). Funds agent identity work. No valuation disclosed. A Pangea glossary claim of $130M is unsupported." }, { "id": "2025-10-15-ploy-seed", "company": "Ploy", "vendor_slug": null, "vendor_profile": null, "category": "iga", "round": "Seed", "round_stated": false, "amount_usd": 3330000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-10-15", "year": 2025, "quarter": "2025-Q4", "lead_investors": [ "Osney Capital" ], "country": "United Kingdom", "region": "Europe", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://ploy.io/blogs/ploy-raises-2-5m-as-93-of-businesses-suffer-multiple-identity-breaches-annually", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company blog: GBP 2.5m led by Osney Capital; stage not named in release (Return on Security calls it Seed). Converted by us at about 1.33 USD/GBP. London-based SaaS access lifecycle (IGA) startup." }, { "id": "2025-10-13-glide-identity-series-a", "company": "Glide Identity", "vendor_slug": null, "vendor_profile": null, "category": "mfa", "round": "Series A", "round_stated": true, "amount_usd": 20000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-10-13", "year": 2025, "quarter": "2025-Q4", "lead_investors": [ "Crosspoint Capital Partners" ], "country": "United States", "region": "United States", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://mobileidworld.com/glide-identity-raises-20m-series-a-to-build-ai-era-authentication-platform/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "'Over $20M' Series A (amount_usd is the floor) led by Crosspoint, with Amigos VC, Singtel Innov8, Sir Ronald Cohen; total above $25M. PR Newswire Oct 13 2025 (403 on fetch). SIM-based cryptographic authentication, pitched as 'agent-ready'. HQ San Francisco per Biometric Update. Category mfa is my pick, not SWI-profiled." }, { "id": "2025-10-09-transcrypts-seed", "company": "TransCrypts", "vendor_slug": null, "vendor_profile": null, "category": "decentralized-identity", "round": "Seed", "round_stated": true, "amount_usd": 15000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-10-09", "year": 2025, "quarter": "2025-Q4", "lead_investors": [ "Pantera Capital" ], "country": "United States", "region": "United States", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.biometricupdate.com/202510/ssi-startup-transcrypts-raises-15m-to-expand-digital-identity-credential-verification-platform", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "$15M seed led by Pantera with Lightspeed Faction, Mark Cuban and others. HQ San Francisco with Toronto co-HQ (Canadian-founded). Date is the Biometric Update article date." }, { "id": "2025-09-30-descope-seed", "company": "Descope", "vendor_slug": "ciam/descope", "vendor_profile": "/vendors/ciam/descope/", "category": "ciam", "round": "Seed", "round_stated": true, "amount_usd": 35000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-09-30", "year": 2025, "quarter": "2025-Q3", "lead_investors": [], "country": "United States", "region": "United States", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.descope.com/press-release/seed-funding-advisory-board", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Seed extension and close (extension): $35M from existing investors only (Notable Capital, Lightspeed, Dell Technologies Capital, Unusual Ventures, Cerca Partners, Triventures), no lead named; total seed $88M. Release dated Los Altos, Sept 30 2025; press coverage Oct 2-3. Funds agentic identity R&D (MCP). R&D also in Israel." }, { "id": "2025-09-18-contactable-growth", "company": "Contactable", "vendor_slug": null, "vendor_profile": null, "category": "identity-verification", "round": "Growth", "round_stated": false, "amount_usd": 13500000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-09-18", "year": 2025, "quarter": "2025-Q3", "lead_investors": [ "Venture Capitalworks" ], "country": "South Africa", "region": "Rest of world", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.biometricupdate.com/202509/contactable-secures-13-5m-to-scale-up-digital-id-offering-across-africa", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "$13.5M financing led by Venture Capitalworks per company LinkedIn announcement; stage not named (recorded as Growth). Digital ID and eKYC, Centurion." }, { "id": "2025-09-17-scalekit-seed", "company": "Scalekit", "vendor_slug": "ciam/scalekit", "vendor_profile": "/vendors/ciam/scalekit/", "category": "ciam", "round": "Seed", "round_stated": true, "amount_usd": 5500000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-09-17", "year": 2025, "quarter": "2025-Q3", "lead_investors": [ "Together Fund", "Z47" ], "country": "United States", "region": "United States", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.securityweek.com/scalekit-raises-5-5-million-to-secure-ai-agent-authentication/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "SecurityWeek Sept 17 2025: $5.5M seed co-led by Together Fund and Z47 plus angels; auth stack for AI agents and MCP servers. Described as US-based; founding team and engineering in India (Inc42, Entrackr also covered)." }, { "id": "2025-09-16-fabrix-security-seed", "company": "Fabrix Security", "vendor_slug": null, "vendor_profile": null, "category": "iga", "round": "Seed", "round_stated": true, "amount_usd": 8000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-09-16", "year": 2025, "quarter": "2025-Q3", "lead_investors": [ "Norwest", "toDay Ventures", "Jibe Ventures" ], "country": "Israel", "region": "Israel", "agent_focus": true, "later_acquired_by": "Silverfort", "acquisition_announced": "2026-04-28", "days_round_to_acquisition": 224, "source_url": "https://fabrix.security/resources/fabrix-launches-ai-native-identity-security/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company release Tel Aviv, September 16, 2025: $8M seed led by Norwest, toDay Ventures and Jibe Ventures. AI-native identity security for human and non-human identities incl. AI agents; borderline between IGA and NHI. RegTech Analyst lists Merlin Ventures as an investor too." }, { "id": "2025-09-10-hush-security-seed", "company": "Hush Security", "vendor_slug": null, "vendor_profile": null, "category": "ai-identity", "round": "Seed", "round_stated": true, "amount_usd": 11000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-09-10", "year": 2025, "quarter": "2025-Q3", "lead_investors": [ "Battery Ventures", "YL Ventures" ], "country": "Israel", "region": "Israel", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.hush.security/news/hush-security-emerges-from-stealth-with-secretless-machine-access-platform-ending-the-need-for-vaults/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company release Tel Aviv, September 10, 2025: emerged from stealth with $11M seed led by Battery Ventures and YL Ventures. Secretless machine identity access." }, { "id": "2025-09-04-vouched-series-a", "company": "Vouched", "vendor_slug": "identity-verification/vouched", "vendor_profile": "/vendors/identity-verification/vouched/", "category": "identity-verification", "round": "Series A", "round_stated": true, "amount_usd": 17000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-09-04", "year": 2025, "quarter": "2025-Q3", "lead_investors": [ "Spring Rock Ventures" ], "country": "United States", "region": "United States", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.vouched.id/learn/vouched-announces-17-million-series-a-to-accelerate-expansion-building-on-know-your-agent-kya-suite-success", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company copy of Business Wire release (BW itself 403): $17M Series A led by Spring Rock Ventures, Seattle. Explicitly funds Know Your Agent (KYA) suite and KnowThat.ai agent reputation directory." }, { "id": "2025-09-03-id-me-series-e", "company": "ID.me", "vendor_slug": "identity-verification/id-me", "vendor_profile": "/vendors/identity-verification/id-me/", "category": "identity-verification", "round": "Series E", "round_stated": true, "amount_usd": 65000000, "amount_status": "disclosed", "valuation_usd": 2000000000, "valuation_status": "reported", "announced": "2025-09-03", "year": 2025, "quarter": "2025-Q3", "lead_investors": [ "Ribbit Capital" ], "country": "United States", "region": "United States", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.biometricupdate.com/202509/id-me-adds-65m-series-e-equity-fundraise-to-massive-credit-facility", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "$65M Series E equity led by Ribbit at a valuation above $2B (stored as 2B floor). Headlines of $340M combine this equity with the separate Jan 2025 $275M Ares credit facility (own record); do not double count." }, { "id": "2025-08-12-1kosmos-series-b", "company": "1Kosmos", "vendor_slug": "mfa/1kosmos", "vendor_profile": "/vendors/mfa/1kosmos/", "category": "mfa", "round": "Series B", "round_stated": true, "amount_usd": 57000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-08-12", "year": 2025, "quarter": "2025-Q3", "lead_investors": [ "Forgepoint Capital", "Oquirrh Ventures", "Origami Capital" ], "country": "United States", "region": "United States", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.biometricupdate.com/202508/1kosmos-targets-growing-enterprise-biometrics-demand-with-57m-series-b", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "$57M Series B credit and equity, including a $10M Bridge Bank line of credit (equity portion about $47M). Equity led by Forgepoint, Oquirrh, Origami. Profiled by SWI under mfa; may duplicate MFA researcher." }, { "id": "2025-08-05-billions-network-strategic", "company": "Billions Network (formerly Privado ID)", "vendor_slug": "decentralized-identity/privado-id", "vendor_profile": "/vendors/decentralized-identity/privado-id/", "category": "decentralized-identity", "round": "Strategic", "round_stated": false, "amount_usd": 30000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-08-05", "year": 2025, "quarter": "2025-Q3", "lead_investors": [], "country": null, "region": "Not stated", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.biometricupdate.com/202508/billions-reveals-30m-backing-signs-sentient-partnership", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Borderline: Billions disclosed $30M of previously unannounced cumulative investment (Coinbase Ventures, Polychain, Polygon, Liberty City Ventures, Bitkraft), not a single dated round; no lead named. Vendor slug maps to Privado ID profile (Billions is the renamed Privado ID)." }, { "id": "2025-07-31-corsha-series-a", "company": "Corsha", "vendor_slug": "ai-identity/corsha", "vendor_profile": "/vendors/ai-identity/corsha/", "category": "ai-identity", "round": "Series A", "round_stated": true, "amount_usd": null, "amount_status": "undisclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-07-31", "year": 2025, "quarter": "2025-Q3", "lead_investors": [ "Cybernetix Ventures" ], "country": "United States", "region": "United States", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://pulse2.com/corsha-investment-raised-from-cybernetix-ventures/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Pulse 2.0 (Jul 31, 2025) reports an undisclosed investment from Cybernetix Ventures that 'complements' the $18M Series A-1, so treated as a Series A extension. No company PR opened; date is the Pulse 2.0 publication date and may lag the release by a day." }, { "id": "2025-07-31-cyata-seed", "company": "Cyata", "vendor_slug": null, "vendor_profile": null, "category": "ai-identity", "round": "Seed", "round_stated": true, "amount_usd": 8500000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-07-31", "year": 2025, "quarter": "2025-Q3", "lead_investors": [ "TLV Partners" ], "country": "Israel", "region": "Israel", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://regtechanalyst.com/?p=75874", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Exited stealth with $8.5M seed led by TLV Partners; AI agent identity control." }, { "id": "2025-07-17-zyphe-seed", "company": "Zyphe", "vendor_slug": null, "vendor_profile": null, "category": "identity-verification", "round": "Seed", "round_stated": false, "amount_usd": null, "amount_status": "undisclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-07-17", "year": 2025, "quarter": "2025-Q3", "lead_investors": [ "Altitude Ventures", "Azimut Group", "Everywhere Ventures", "ROI Ventures" ], "country": "United States", "region": "United States", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.zyphe.com/news/zyphe-announces-new-funding-to-accelerate-growth", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company release dated San Francisco, July 17 2025; amount and round stage not stated (Caplight lists as seed). Decentralized KYC with no central PII store." }, { "id": "2025-07-14-corsha-strategic", "company": "Corsha", "vendor_slug": "ai-identity/corsha", "vendor_profile": "/vendors/ai-identity/corsha/", "category": "ai-identity", "round": "Strategic", "round_stated": true, "amount_usd": null, "amount_status": "undisclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-07-14", "year": 2025, "quarter": "2025-Q3", "lead_investors": [ "Booz Allen Ventures" ], "country": "United States", "region": "United States", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://corsha.com/new-press/booz-allen-backs-corsha-to-bolster-machine-identity-tech", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company news page dated Jul 14, 2025 (reprinting RegTech Analyst): strategic investment from Booz Allen Ventures, amount not disclosed." }, { "id": "2025-06-24-better-auth-seed", "company": "Better Auth", "vendor_slug": "open-source/better-auth", "vendor_profile": "/vendors/open-source/better-auth/", "category": "open-source", "round": "Seed", "round_stated": true, "amount_usd": 5000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-06-24", "year": 2025, "quarter": "2025-Q2", "lead_investors": [ "Peak XV Partners" ], "country": "United States", "region": "United States", "agent_focus": false, "later_acquired_by": "Vercel", "acquisition_announced": "2026-07-07", "days_round_to_acquisition": 378, "source_url": "https://www.better-auth.com/blog/seed-round", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company blog dated June 24 2025: $5M seed led by Peak XV, with Y Combinator, Chapter One, P1 Ventures. TechCrunch covered June 25. Country: YC company with SF base; founder is Ethiopian, confirm HQ if it matters." }, { "id": "2025-06-06-infisical-series-a", "company": "Infisical", "vendor_slug": "secrets/infisical", "vendor_profile": "/vendors/secrets/infisical/", "category": "secrets", "round": "Series A", "round_stated": true, "amount_usd": 16000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-06-06", "year": 2025, "quarter": "2025-Q2", "lead_investors": [ "Elad Gil" ], "country": "United States", "region": "United States", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.prnewswire.com/news-releases/infisical-secures-16m-series-a-to-redefine-enterprise-secrets-identity-and-access-management-302475063.html", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "PRNewswire June 6, 2025: $16M Series A led by Elad Gil with Y Combinator, Gradient and Dynamic Fund. agent_focus true because Infisical markets machine identity and agent credential access; the A release itself is mainly secrets/PKI." }, { "id": "2025-05-28-cerby-series-b", "company": "Cerby", "vendor_slug": null, "vendor_profile": null, "category": "iam", "round": "Series B", "round_stated": true, "amount_usd": 40000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-05-28", "year": 2025, "quarter": "2025-Q2", "lead_investors": [ "DTCP" ], "country": "United States", "region": "United States", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.cerby.com/about-us/newsroom/cerby-raises-40m-series-b-to-automate-identity-security-at-scale", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company release: $40M Series B led by DTCP with Okta Ventures, Salesforce Ventures, Two Sigma Ventures, Ridge Ventures, Bowery Capital. Identity security for apps outside SSO." }, { "id": "2025-05-20-barndoor-ai-seed", "company": "Barndoor AI", "vendor_slug": null, "vendor_profile": null, "category": "ai-identity", "round": "Seed", "round_stated": true, "amount_usd": 13600000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-05-20", "year": 2025, "quarter": "2025-Q2", "lead_investors": [ "Crosslink Capital" ], "country": "United States", "region": "United States", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://barndoor.ai/news/barndoor-ai-raises-13m-control-plane-agentic-ai/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company release May 20, 2025 (New York): $13.6M seed led by Crosslink Capital. Borderline: control plane for AI agent access and MCP governance, closer to agent access control than general AI security." }, { "id": "2025-05-07-duna-seed", "company": "Duna", "vendor_slug": null, "vendor_profile": null, "category": "identity-verification", "round": "Seed", "round_stated": true, "amount_usd": 12100000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-05-07", "year": 2025, "quarter": "2025-Q2", "lead_investors": [ "Index Ventures" ], "country": "Netherlands", "region": "Europe", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.biometricupdate.com/202505/business-identity-startup-duna-raises-12m", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "EUR 10.7M seed (source converts to US$12.1M) led by Index Ventures. KYB / business identity. HQ described as Netherlands-based here; TechCrunch says Germany and Netherlands." }, { "id": "2025-05-06-tesseral-seed", "company": "Tesseral", "vendor_slug": null, "vendor_profile": null, "category": "open-source", "round": "Seed", "round_stated": true, "amount_usd": 3300000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-05-06", "year": 2025, "quarter": "2025-Q2", "lead_investors": [], "country": "United States", "region": "United States", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://siliconangle.com/2025/05/06/tesseral-launches-3-3m-simplify-b2b-authentication-software-developers/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "SiliconANGLE May 6 2025: $3.3M seed, no lead named; Y Combinator, Paul Graham, Jessica Livingston and others. Open-source B2B auth. Not SWI-profiled; HQ from memory (SF)." }, { "id": "2025-04-30-persona-series-d", "company": "Persona", "vendor_slug": "identity-verification/persona", "vendor_profile": "/vendors/identity-verification/persona/", "category": "identity-verification", "round": "Series D", "round_stated": true, "amount_usd": 200000000, "amount_status": "disclosed", "valuation_usd": 2000000000, "valuation_status": "disclosed", "announced": "2025-04-30", "year": 2025, "quarter": "2025-Q2", "lead_investors": [ "Founders Fund", "Ribbit Capital" ], "country": "United States", "region": "United States", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://siliconangle.com/2025/04/30/identity-verification-startup-persona-raises-200m-2b-valuation/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "SiliconANGLE (Apr 30 2025, 'announced today') and Biometric Update both confirm $200M Series D, co-led by Founders Fund and Ribbit, $2B valuation per Persona's release. Persona's own blog is bot-blocked (403). agent_focus: announcement framed as identity layer for an AI-agent world (verifying who a bot acts for). No 2026 Persona round found." }, { "id": "2025-04-28-veza-series-d", "company": "Veza", "vendor_slug": "iga/veza", "vendor_profile": "/vendors/iga/veza/", "category": "iga", "round": "Series D", "round_stated": true, "amount_usd": 108000000, "amount_status": "disclosed", "valuation_usd": 808000000, "valuation_status": "reported", "announced": "2025-04-28", "year": 2025, "quarter": "2025-Q2", "lead_investors": [ "New Enterprise Associates (NEA)" ], "country": "United States", "region": "United States", "agent_focus": true, "later_acquired_by": "ServiceNow", "acquisition_announced": "2025-12-02", "days_round_to_acquisition": 218, "source_url": "https://veza.com/blog/veza-announces-series-d-funding-to-accelerate-modern-identity-security/", "swi_coverage": [ "/blog/2026-03-02-servicenow-completes-veza-acquisition/" ], "verified_on": "2026-10-31", "notes": "Company blog: $108M Series D led by NEA; R&D areas include NHI security and agentic AI security. $808M valuation confirmed on SecurityWeek and in Veza's BusinessWire headline (BusinessWire bot-blocked). Veza later agreed to be acquired by ServiceNow (not included). Valuation of $808M verified on FinSMEs (https://www.finsmes.com/2025/04/veza-raises-108m-in-series-d-at-808m-valuation.html), not on the company blog, so it is marked reported." }, { "id": "2025-04-24-push-security-series-b", "company": "Push Security", "vendor_slug": "itdr/push-security", "vendor_profile": "/vendors/itdr/push-security/", "category": "itdr", "round": "Series B", "round_stated": true, "amount_usd": 30000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-04-24", "year": 2025, "quarter": "2025-Q2", "lead_investors": [ "Redpoint Ventures" ], "country": "United Kingdom", "region": "Europe", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://pushsecurity.com/news/push-security-secures-30-million-series-b-funding", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company release: $30M Series B led by Redpoint, with Datadog Ventures and B3 Capital. Release datelined Boston; company is London-founded, country set to UK (verify)." }, { "id": "2025-04-23-riptides-pre-seed", "company": "Riptides", "vendor_slug": null, "vendor_profile": null, "category": "machine-identity", "round": "Pre-seed", "round_stated": true, "amount_usd": 3300000, "amount_status": "reported", "valuation_usd": null, "valuation_status": null, "announced": "2025-04-23", "year": 2025, "quarter": "2025-Q2", "lead_investors": [ "PortfoLion Capital Partners" ], "country": "Hungary", "region": "Europe", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://vestbee.com/insights/articles/riptides-secures-3-3-m", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Vestbee (April 23, 2025): $3.3M pre-seed led by PortfoLion with KAYA VC. Another aggregator lists KAYA as lead; no company release found. SPIFFE-based workload and AI agent identity." }, { "id": "2025-04-22-authmind-seed", "company": "AuthMind", "vendor_slug": "itdr/authmind", "vendor_profile": "/vendors/itdr/authmind/", "category": "itdr", "round": "Seed", "round_stated": true, "amount_usd": 19300000, "amount_status": "reported", "valuation_usd": null, "valuation_status": null, "announced": "2025-04-22", "year": 2025, "quarter": "2025-Q2", "lead_investors": [ "Cheyenne Ventures" ], "country": "United States", "region": "United States", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.securityweek.com/authmind-raises-19-3-million-in-seed-funding/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "SecurityWeek (Apr 23) says announced Tuesday: $19.3M seed led by Cheyenne Ventures. Pitched across human, non-human and agentic AI identities. Company blog URL 404." }, { "id": "2025-04-15-soyio-seed", "company": "Soyio", "vendor_slug": null, "vendor_profile": null, "category": "identity-verification", "round": "Seed", "round_stated": false, "amount_usd": 1000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-04-15", "year": 2025, "quarter": "2025-Q2", "lead_investors": [ "Consorcio" ], "country": "Chile", "region": "Rest of world", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.biometricupdate.com/202504/chilean-digital-identity-startup-soyio-announces-1m-investment", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "US$1M round led by financial group Consorcio; stage not named (recorded as Seed). Biometric IDV, passwordless, e-signature, consent." }, { "id": "2025-04-10-unosecur-seed", "company": "Unosecur", "vendor_slug": null, "vendor_profile": null, "category": "itdr", "round": "Seed", "round_stated": true, "amount_usd": 5000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-04-10", "year": 2025, "quarter": "2025-Q2", "lead_investors": [ "VentureFriends", "DFF Ventures" ], "country": "Germany", "region": "Europe", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.unosecur.com/news-announcements/unosecur-secures-5-million-in-seed-funding-to-fortify-identity-security-in-the-age-of-ai", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company release dated April 10, 2025 (Berlin): $5M priced seed plus a further $3M in oversubscribed commitments (not counted). Unified human and non-human identity security (ITDR/posture); category is a judgment call." }, { "id": "2025-04-08-corsha-series-a", "company": "Corsha", "vendor_slug": "ai-identity/corsha", "vendor_profile": "/vendors/ai-identity/corsha/", "category": "ai-identity", "round": "Series A", "round_stated": true, "amount_usd": 18000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-04-08", "year": 2025, "quarter": "2025-Q2", "lead_investors": [ "SineWave Ventures" ], "country": "United States", "region": "United States", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://corsha.com/press-releases/corsha-announces-18m-series-a-1-funding-to-deliver-secure-machine-to-machine-communication-for-critical-operational-systems", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company PR (PRNewswire, April 8, 2025): $18M Series A-1 (extension of Series A) led by SineWave Ventures with Razor's Edge and Ten Eleven Ventures. Machine identity provider." }, { "id": "2025-04-08-portnox-series-b", "company": "Portnox", "vendor_slug": "mfa/portnox", "vendor_profile": "/vendors/mfa/portnox/", "category": "mfa", "round": "Series B", "round_stated": true, "amount_usd": 37500000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-04-08", "year": 2025, "quarter": "2025-Q2", "lead_investors": [ "Updata Partners" ], "country": "United States", "region": "United States", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://siliconangle.com/2025/04/08/portnox-raises-37-5-million-scale-cloud-native-zero-trust-access-control/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "SiliconANGLE Apr 8 2025: $37.5M Series B led by Updata Partners, Elsewhere Partners participating. Borderline: cloud NAC and zero-trust access, profiled under mfa on SWI. HQ Austin TX (from memory, not in article)." }, { "id": "2025-03-26-nect-debt", "company": "Nect", "vendor_slug": null, "vendor_profile": null, "category": "identity-verification", "round": "Debt", "round_stated": true, "amount_usd": 2700000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-03-26", "year": 2025, "quarter": "2025-Q1", "lead_investors": [ "Round2 Capital" ], "country": "Germany", "region": "Europe", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.biometricupdate.com/202503/nect-nets-revenue-based-financing-of-e2-5m-to-expand-digital-id-market-reach", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "EUR 2.5M revenue-based financing (source converts to US$2.7M) from Round2 Capital. Hamburg, eIDAS IDV." }, { "id": "2025-03-19-vouchsafe-pre-seed", "company": "Vouchsafe", "vendor_slug": null, "vendor_profile": null, "category": "identity-verification", "round": "Pre-seed", "round_stated": true, "amount_usd": 1300000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-03-19", "year": 2025, "quarter": "2025-Q1", "lead_investors": [ "Bethnal Green Ventures" ], "country": "United Kingdom", "region": "Europe", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.biometricupdate.com/202503/diatf-certified-vouchsafe-raises-1m-to-address-identity-poverty-with-biometrics", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "GBP 1M pre-seed (source converts to US$1.3M) led by Bethnal Green Ventures with Biometric Ventures (Innovatrics). Article date; company post may be slightly earlier." }, { "id": "2025-03-18-arcade-dev-seed", "company": "Arcade.dev", "vendor_slug": null, "vendor_profile": null, "category": "ai-identity", "round": "Seed", "round_stated": true, "amount_usd": 12000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-03-18", "year": 2025, "quarter": "2025-Q1", "lead_investors": [ "Laude Ventures" ], "country": "United States", "region": "United States", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.arcade.dev/blog/arcade-dev-raises-12m-to-solve-the-biggest-security-challenge-in-ai-agents", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Company blog dated March 18, 2025: $12M seed led by Laude Ventures with Flybridge, Hanabi Capital and others. Pitch is authentication/authorization for AI agents (tool-calling auth)." }, { "id": "2025-03-12-hawcx-pre-seed", "company": "Hawcx", "vendor_slug": null, "vendor_profile": null, "category": "mfa", "round": "Pre-seed", "round_stated": true, "amount_usd": 3000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-03-12", "year": 2025, "quarter": "2025-Q1", "lead_investors": [ "Engineering Capital" ], "country": "United States", "region": "United States", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.biometricupdate.com/202503/hawcx-nets-3m-for-passwordless-tech-that-aims-to-topple-passkeys", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Biometric Update Mar 12 2025: $3M pre-seed led by Engineering Capital, Boldcap participating; passwordless auth. BusinessWire release ID suggests Mar 11 (403, not opened). HQ Los Angeles per BU; other listings say Los Altos. Not SWI-profiled." }, { "id": "2025-03-07-specterops-series-b", "company": "SpecterOps", "vendor_slug": null, "vendor_profile": null, "category": "itdr", "round": "Series B", "round_stated": true, "amount_usd": 75000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-03-07", "year": 2025, "quarter": "2025-Q1", "lead_investors": [ "Insight Partners" ], "country": "United States", "region": "United States", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.biometricupdate.com/202503/specterops-raises-75m-in-series-b-round-to-scale-bloodhound-enterprise", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Borderline category: identity attack path management (BloodHound Enterprise). $75M Series B led by Insight Partners. Date is the article date." }, { "id": "2025-02-14-oneid-growth", "company": "OneID", "vendor_slug": null, "vendor_profile": null, "category": "identity-verification", "round": "Growth", "round_stated": false, "amount_usd": null, "amount_status": "undisclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-02-14", "year": 2025, "quarter": "2025-Q1", "lead_investors": [ "ACF Investors" ], "country": "United Kingdom", "region": "Europe", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.biometricupdate.com/202502/oneid-raises-16-million", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Round led by ACF Investors; round size not given. The GBP 16M (US$20.1M) headline is cumulative funding from 200+ angels, not this round. Stage not named." }, { "id": "2025-02-12-sgnl-series-a", "company": "SGNL", "vendor_slug": "authorization/sgnl", "vendor_profile": "/vendors/authorization/sgnl/", "category": "authorization", "round": "Series A", "round_stated": true, "amount_usd": 30000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-02-12", "year": 2025, "quarter": "2025-Q1", "lead_investors": [ "Brightmind Partners" ], "country": "United States", "region": "United States", "agent_focus": false, "later_acquired_by": "CrowdStrike", "acquisition_announced": "2026-01-08", "days_round_to_acquisition": 330, "source_url": "https://techcrunch.com/2025/02/12/sgnl-snags-30m-for-a-new-take-on-id-security-based-on-zero-standing-privileges/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "TechCrunch Feb 12 2025: $30M Series A led by Brightmind Partners, with Costanoa, M12 (Microsoft), Cisco Investments; total $42M. SGNL later acquired by CrowdStrike (announced ~Jan 2026); this record is the 2025 round only." }, { "id": "2025-02-11-sardine-series-c", "company": "Sardine", "vendor_slug": "identity-verification/sardine", "vendor_profile": "/vendors/identity-verification/sardine/", "category": "identity-verification", "round": "Series C", "round_stated": true, "amount_usd": 70000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-02-11", "year": 2025, "quarter": "2025-Q1", "lead_investors": [ "Activant Capital" ], "country": "United States", "region": "United States", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.biometricupdate.com/202502/sardine-nets-70m-in-series-c-funding-for-automated-fraud-prevention-platform", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "Biometric Update Feb 11 2025 citing company release: $70M Series C led by Activant; a16z, Nyca, GV, Moody's, Experian Ventures participated. Salestools claims a16z/GV led and a $680M valuation; unverified, not used." }, { "id": "2025-01-30-id-me-debt", "company": "ID.me", "vendor_slug": "identity-verification/id-me", "vendor_profile": "/vendors/identity-verification/id-me/", "category": "identity-verification", "round": "Debt", "round_stated": true, "amount_usd": 275000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-01-30", "year": 2025, "quarter": "2025-Q1", "lead_investors": [ "Ares Management" ], "country": "United States", "region": "United States", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.biometricupdate.com/202501/id-me-secures-275m-credit-facility-to-scale-digital-wallet", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "$275M credit facility from funds managed by Ares, per company announcement as reported by Biometric Update Jan 30 2025. Debt, not equity." }, { "id": "2025-01-29-clutch-security-series-a", "company": "Clutch Security", "vendor_slug": "ai-identity/clutch-security", "vendor_profile": "/vendors/ai-identity/clutch-security/", "category": "ai-identity", "round": "Series A", "round_stated": true, "amount_usd": 20000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-01-29", "year": 2025, "quarter": "2025-Q1", "lead_investors": [ "SignalFire" ], "country": "United States", "region": "United States", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.securityweek.com/clutch-security-raises-20-million-for-non-human-identity-protection-platform/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "SecurityWeek (dated Jan 31, 2025) says announced on Wednesday, i.e. Jan 29; led by SignalFire with Lightspeed and Merlin Ventures; total $28.5M. SWI profile lists dual New York / Tel Aviv HQ; SecurityWeek calls it Tel Aviv-based." }, { "id": "2025-01-27-humanity-protocol-strategic", "company": "Humanity Protocol", "vendor_slug": null, "vendor_profile": null, "category": "decentralized-identity", "round": "Strategic", "round_stated": false, "amount_usd": 20000000, "amount_status": "disclosed", "valuation_usd": 1100000000, "valuation_status": "disclosed", "announced": "2025-01-27", "year": 2025, "quarter": "2025-Q1", "lead_investors": [ "Pantera Capital", "Jump Crypto" ], "country": null, "region": "Not stated", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://siliconangle.com/2025/01/27/decentralized-identity-project-humanity-protocol-raises-20m", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "SiliconANGLE and The Block confirm $20M co-led by Pantera and Jump Crypto at $1.1B fully diluted valuation (per company release). Round stage not named by sources; labeled Strategic. HQ country not verified." }, { "id": "2025-01-27-token-security-series-a", "company": "Token Security", "vendor_slug": "ai-identity/token-security", "vendor_profile": "/vendors/ai-identity/token-security/", "category": "ai-identity", "round": "Series A", "round_stated": true, "amount_usd": 20000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-01-27", "year": 2025, "quarter": "2025-Q1", "lead_investors": [ "Notable Capital" ], "country": "Israel", "region": "Israel", "agent_focus": true, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://techcrunch.com/2025/01/27/hackers-are-targeting-machine-identities-token-security-just-raised-20m-to-stop-them/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "TechCrunch exclusive (startup told TechCrunch) confirms $20M Series A led by Notable Capital with TLV Partners; total $27M. Calcalist ran it 2025-01-28. Company also posted it on token.security/news." }, { "id": "2025-01-23-passbolt-series-a", "company": "Passbolt", "vendor_slug": "password-management/passbolt", "vendor_profile": "/vendors/password-management/passbolt/", "category": "password-management", "round": "Series A", "round_stated": true, "amount_usd": 8000000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-01-23", "year": 2025, "quarter": "2025-Q1", "lead_investors": [ "Airbridge Equity Partners" ], "country": "Luxembourg", "region": "Europe", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://siliconangle.com/2025/01/24/passbolt-raises-8m-modernize-password-credential-access-management/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "SiliconANGLE (Jan 24 2025, says announced Thursday = Jan 23): $8M Series A led by Airbridge Equity Partners. The Paypers and BeBeez give EUR 7.6M; USD figure as reported." }, { "id": "2025-01-21-fudo-security-growth", "company": "Fudo Security", "vendor_slug": "pam/fudo-security", "vendor_profile": "/vendors/pam/fudo-security/", "category": "pam", "round": "Growth", "round_stated": false, "amount_usd": 9300000, "amount_status": "reported", "valuation_usd": null, "valuation_status": null, "announced": "2025-01-21", "year": 2025, "quarter": "2025-Q1", "lead_investors": [], "country": "Poland", "region": "Europe", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://therecursive.com/polish-fudo-security-secures-over-e9m-to-revolutionize-cybersecurity-with-pam-solutions/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "The Recursive headline: 'over EUR 9M'; body paywalled so round label and investors not confirmed. USD converted by us at about 1.03 USD/EUR (Jan 2025). Return on Security tracker lists $9.7M venture round from bValue (unverified). Round label 'Growth' is our placeholder; unsure." }, { "id": "2025-01-14-orchid-security-seed", "company": "Orchid Security", "vendor_slug": null, "vendor_profile": null, "category": "iam", "round": "Seed", "round_stated": true, "amount_usd": 36000000, "amount_status": "reported", "valuation_usd": null, "valuation_status": null, "announced": "2025-01-14", "year": 2025, "quarter": "2025-Q1", "lead_investors": [ "Team8", "Intel Capital" ], "country": "United States", "region": "United States", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.securityweek.com/orchid-security-banks-hefty-36m-seed-round/", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "SecurityWeek: $36M seed co-led by Team8 and Intel Capital; New York based, Israeli R&D. A $180M valuation appears in some aggregators but was not confirmed on the opened page, so left null. Identity orchestration; category chosen as iam." }, { "id": "2025-01-03-ver-id-seed", "company": "Ver.iD", "vendor_slug": null, "vendor_profile": null, "category": "identity-verification", "round": "Seed", "round_stated": false, "amount_usd": 2050000, "amount_status": "disclosed", "valuation_usd": null, "valuation_status": null, "announced": "2025-01-03", "year": 2025, "quarter": "2025-Q1", "lead_investors": [], "country": "Netherlands", "region": "Europe", "agent_focus": false, "later_acquired_by": null, "acquisition_announced": null, "days_round_to_acquisition": null, "source_url": "https://www.biometricupdate.com/202501/amsterdam-startup-ver-id-raises-2m-for-european-expansion", "swi_coverage": [], "verified_on": "2026-10-31", "notes": "EUR 2M angel funding (source converts to US$2.05M); recorded as Seed since enum has no angel stage. No lead named. Article date Jan 3 2025; exact announcement may be late Dec 2024." } ] }