Author: Vikrant Chaturvedi
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iProov, a provider of personal identity management services, has raised $70M in private equity funding from Sumeru Equity Partners.
HOW’S THE COMPANY PERFORMING?
- UK-based iProov develops face authentication and identity verification tools that enable large organizations to combat cybercrime.
- Over the past year, the company has reportedly tripled its revenue.
- Its Genuine Presence Assurance product has experienced 25% growth month-over-month.
- It caters to a wide range of organizations, including the UK Home Office and National Health Service (NHS), the US Department of Homeland Security, GovTech Singapore, the Australian Taxation Office, Rabobank, and ING.
- iProov has 100 employees across its offices in London, Maryland, and Singapore.
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The post iProov Raises Financing For Its Facial Verification Technology — Competitors Include Onfido, Ooso, Veriff, FaceTec, And Rank One appeared first on CB Insights Research.