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

Socure 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)
HeadquartersIncline Village, Nevada, United States
Year Founded2012
FoundersBradley S. Leinhardt, Johnny Ayers, Sunil Madhu
Funding Amount$744.4M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries E
Top InvestorsJP 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)
HeadquartersBoston, Massachusetts, United States
Year Founded2014
FoundersMickey Boodaei, Rakesh K. Loonkar
Funding Amount$583M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries A
Top InvestorsGeodesic 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
HeadquartersSão Paulo, Sao Paulo, Brazil
Year Founded2007
FoundersDiego Torres Martins, Paulo Roberto de Alencastro Junior
Funding Amount$336.9M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries D
Top InvestorsGoldman 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)
HeadquartersNew York, New York, United States
Year Founded2015
FoundersCharles Hearn, Laura Spiekerman, Tommy Nicholas
Funding Amount$216.7M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries C
Top InvestorsCanapi 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)
HeadquartersSan Francisco, California, United States
Year Founded2018
FoundersCharles Yeh, Rick Song
Funding Amount$417.5M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries D
Top InvestorsKleiner 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)
HeadquartersVancouver, British Columbia, Canada
Year Founded2011
FoundersStephen Ufford, Tanis Jorge
Funding Amount$474.8M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries D
Top InvestorsPlug 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)
HeadquartersMclean, Virginia, United States
Year Founded2010
FoundersBlake Hall, Matthew Thompson, Tanel Suurhans
Funding Amount$814.2M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusSeries E
Top InvestorsRibbit 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)
HeadquartersTallinn, Harjumaa, Estonia
Year Founded2015
FoundersJaner Gorohhov, Kaarel Kotkas
Funding Amount$192.3M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries C
Top InvestorsIVP, 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)
HeadquartersIndependence, Ohio, United States
Year Founded2001
FoundersKevin von Keyserling, Ted Shorter
Funding Amount$211.9M
Company SizeLarge Team (251-1,000)
Last Funding StatusPrivate Equity
Top InvestorsGeneral 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)
HeadquartersSan Francisco, California, United States
Year Founded2015
FoundersRicardo Amper
Funding Amount$257.1M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries B
Top InvestorsCoinbase 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.

Unicorn StartupCountryYear FoundedAmount RaisedValuation
Teleport logo TeleportUnited States2015$169.2M$1.1B
Beyond Identity logo Beyond IdentityUnited States2020$205M$1.1B
Semperis logo SemperisUnited States2014$498.3M$1B
Prove logo ProveUnited States2008$251M$1B