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Onfido raises $100 million to verify identities with AI

Onfido, a provider of cloud-based identity verification tools, today announced that it raised $100 million in equity financing. CEO Husayn Kassai says the bulk of the fresh capital will be put toward product R&D and global expansion, including further market penetration in North America. “Unlike most tech companies, our first investment check was $20,000 back in 2012, and we made that last for a year. One thing that has become apparent as we’ve scaled is that the size of the round matters far less than the size of the problem, and the drive to solve it,” Kassai told VentureBeat via email. “We feel privileged that our view of the world — where users are empowered to prove their real identity in a seamless and secure way — is starting to become the new global standard for digital access.”  Read more....

 

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