The identity management sector is critical for online security and fraud prevention.
Socure, a predictive analytics platform, leads the group with a $5 billion valuation. The industry's global reach is shown by companies like Brazil's unico IDtech, valued at $3 billion.
Below is the full list of 14 Identity Management unicorn startups at this time.
Top 10 Most Valuable Identity Management Unicorns
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Get the Sheet for $50Socure builds a predictive analytics platform for digital identity verification. They are known for using AI and machine learning to help companies reduce fraud and approve legitimate customers with high accuracy.
| Valuation | $5B (Joined March 2021) |
| Headquarters | Incline Village, Nevada, United States |
| Year Founded | 2012 |
| Founders | Bradley S. Leinhardt, Johnny Ayers, Sunil Madhu |
| Funding Amount | $744.4M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series E |
| Top Investors | JP Morgan, Accel, Founder Collective, Bain Capital Ventures, Commerce Ventures |
Transmit Security builds a customer identity platform that helps businesses move to passwordless authentication and protect against fraud. Their services are designed to secure the entire customer journey through advanced authorization and embedded orchestration tools.
| Valuation | $3B (Joined June 2021) |
| Headquarters | Boston, Massachusetts, United States |
| Year Founded | 2014 |
| Founders | Mickey Boodaei, Rakesh K. Loonkar |
| Funding Amount | $583M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series A |
| Top Investors | Geodesic Capital, SYN Ventures, General Atlantic, Insight Partners, Cyberstarts |
Unico IDtech provides digital identity solutions powered by facial biometrics technology. Companies use their platform to simplify and secure processes like customer onboarding and authentication.
| Valuation | $3B |
| Headquarters | São Paulo, Sao Paulo, Brazil |
| Year Founded | 2007 |
| Founders | Diego Torres Martins, Paulo Roberto de Alencastro Junior |
| Funding Amount | $336.9M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series D |
| Top Investors | Goldman Sachs Growth Equity, Igah Ventures, big_bets, General Atlantic, Meyer Malka |
Alloy develops an identity verification platform that helps banks and fintech companies detect fraud and simplify identity management. Their technology is used to automate decisions, meet compliance obligations, and securely onboard new customers.
| Valuation | $2B (Joined September 2021) |
| Headquarters | New York, New York, United States |
| Year Founded | 2015 |
| Founders | Charles Hearn, Laura Spiekerman, Tommy Nicholas |
| Funding Amount | $216.7M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series C |
| Top Investors | Canapi Ventures, Primary Venture Partners, Lightspeed Venture Partners, Bessemer Venture Partners, Techstars |
Persona builds an identity infrastructure platform that helps businesses securely collect, verify, and manage user identities. Their suite of tools allows companies to automate everything from KYC compliance to fraud prevention through a single, customizable integration.
| Valuation | $2B (Joined September 2021) |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2018 |
| Founders | Charles Yeh, Rick Song |
| Funding Amount | $417.5M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series D |
| Top Investors | Kleiner Perkins, Founders Fund, Bond, Coatue, Index Ventures |
Trulioo operates a global identity verification platform designed to help businesses confirm customer identities and meet compliance standards. Their digital identity network gives companies the tools to fight fraud and increase trust and safety online.
| Valuation | $2B (Joined June 2021) |
| Headquarters | Vancouver, British Columbia, Canada |
| Year Founded | 2011 |
| Founders | Stephen Ufford, Tanis Jorge |
| Funding Amount | $474.8M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series D |
| Top Investors | Plug and Play, UST, TCV, Business Development Bank of Canada, Goldman Sachs |
ID.me builds a digital identity network that allows individuals to securely prove and share their identity online. Their platform is widely used by government, healthcare, and retail partners to streamline access to sensitive services and benefits.
| Valuation | $2B (Joined March 2021) |
| Headquarters | Mclean, Virginia, United States |
| Year Founded | 2010 |
| Founders | Blake Hall, Matthew Thompson, Tanel Suurhans |
| Funding Amount | $814.2M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series E |
| Top Investors | Ribbit Capital, Morgan Stanley, Fortress Investment Group, Ares Management, BoxGroup |
Veriff builds an AI-powered identity verification platform that protects businesses from online fraud. Their technology automates the verification process, helping companies securely confirm customer identities to build trust and streamline onboarding.
| Valuation | $2B (Joined January 2022) |
| Headquarters | Tallinn, Harjumaa, Estonia |
| Year Founded | 2015 |
| Founders | Janer Gorohhov, Kaarel Kotkas |
| Funding Amount | $192.3M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series C |
| Top Investors | IVP, Y Combinator, SV Angel, Tiger Global Management, Accel |
Keyfactor offers a platform for secure digital identity management, designed to help enterprises master every machine identity. They specialize in PKI and certificate lifecycle automation to secure everything from cloud services to IoT devices.
| Valuation | $1.3B (Joined October 2023) |
| Headquarters | Independence, Ohio, United States |
| Year Founded | 2001 |
| Founders | Kevin von Keyserling, Ted Shorter |
| Funding Amount | $211.9M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Private Equity |
| Top Investors | General Motors Ventures, Generation Ventures, Insight Partners, Sixth Street, Plymouth Growth |
Incode Technologies builds a fully automated platform to verify user identity through biometrics. Their technology helps companies in finance, retail, and hospitality create a secure and seamless onboarding experience for customers.
| Valuation | $1.25B (Joined December 2021) |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2015 |
| Founders | Ricardo Amper |
| Funding Amount | $257.1M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series B |
| Top Investors | Coinbase Ventures, JP Morgan, SoftBank, FJ Labs, General Atlantic |
The Remaining 4 Identity Management Unicorns
The ten most valuable companies only tell part of the story. The remaining unicorns are all based in the United States, highlighting the country's central role in this field.
Together, they have raised more than $1.1 billion, and most are just entering the unicorn club. Here’s a look at the rest of the startups making their mark on identity management.