HOMESINGAPOREIPROOV RAISES $70M IN FUNDING iProov Raises $70M in Funding
iProov, a London, UK, Catonsville, MD- and Singapore-based online biometric face authentication company, raised $70m (USD) in growth funding.
The round was led by Sumeru Equity Partners. In conjunction with the funding, Kyle Ryland, Managing Partner of Sumeru, is joining the iProov board.
The company will use the new capital to build on its leadership in the United States and expand its international customer base, accelerate the growth of its global partner network, and maintain its position at the forefront of technology innovation while hiring top-quality staff worldwide.
Launched in 2013 by Andrew Bud, Founder and CEO, iProov is the world leader in online facial biometric authentication, working with governments, banks and other enterprises to securely verify customer identity. Used for effortless onboarding and authentication, customers include the U.S. Department of Homeland Security, the UK Home Office, the UK National Health Service (NHS), the Australian Taxation Office, GovTech Singapore, Rabobank, ING, and others. iProov’s technologies include Liveness Assurance and Genuine Presence Assurance, which ensures that an online customer is the right person, a real person, and is authenticating right now. This protects against spoof attacks from photos, videos, masks and digital injection attacks and the emerging threat of deepfakes.