Tuesday, November 7, 2017

Onfido raises $30M more for its AI-based identity verification technolog

10:32 PM    
Malicious hackers and security breaches

that have exposed personal information of millions of people have pushed the issue of online security into the spotlight, not just for individuals but for organizations that do business with them. Now a company called Onfido, which has built a way to help websites verify people’s identities using a photo-based identity document, a selfie and artificial intelligence algorithms, has raised $30 million to seize the opportunity.
This brings the total raised by Onfido, which is based out of London, to around $60 million. This latest round was led by new investor Crane Venture Partners (whose co-founder Scott Sage had already been an advisor to Onfido), with participation alsoc from Microsoft Ventures in its first European investment, Salesforce Ventures and other unnamed but existing backers (it’s a long list).
Husayn Kassai, Onfido’s CEO (pictured, right) who co-founded the company with Eamon Jubbawy (now COO) and Ruhul Amin (chief architect), said Onfido is not disclosing its valuation in this round.