logo
logo

Incognia Raises $15.5M Series A To Combat Increased Identity Fraud

Jun 02, 2022•about 3 years ago

Amount Raised

$15.5 Million

Round Type

series a

Palo Alto

Description

Mobile identity pioneer Incognia today announced it raised $15.5M in Series A funding led by Point72 Ventures. Within 18 months of launching in the U.S. Incognia is now protecting more than 200 million mobile users in more than 20 countries, and the new funding round will support Incognia’s continued growth. Incognia addresses the balancing act between friction and security for user authentication and fraud prevention on mobile applications, across industries including fintech, crypto, gaming, delivery and social.

Company Information

Company

Incognia

Location

Palo Alto, California, United States

About

As an identity solution, Incognia is 10 times more accurate than FaceID in uniquely identifying a user, and has a false acceptance rate of less than 1 in 17 million. “We believe Incognia is at the forefront of mobile identity and authentication, and any mobile app that touches money has the potential to benefit from their solutions. Incognia is privately held and headquartered in Palo Alto, California with teams in New York and Brazil.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech