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Vouched Announces $3M Funding Round to Accelerate AI-Based Identity Verification Platform

Dec 10, 2020•over 4 years ago

Amount Raised

$3 Million

Round Type

seed

SeattlePrivacy And SecurityOtherGovernment And MilitarySoftwareInternet Services

Description

Vouched, a rapidly-growing developer of proprietary artificial intelligence and computer vision for end-to-end identity verification and real-time fraud detection, today announced a $3M funding round. Led by Flying Fish Partners, the round will further accelerate growth of Vouched’s identity proofing platform across the banking, fintech and healthcare verticals.

Company Information

Company

Vouched

Location

Seattle, Washington, United States

About

Vouched’s AI-powered identity verification (IDV) solution enables businesses to authenticate individuals with ease and meet critical regulatory requirements. The platform’s real-time decisioning engine delivers the fastest and most reliable responses in the industry. For example, telehealth providers leveraging Vouched have experienced a 2-3x boost in patient onboarding rates. Additionally, Riders Share, a motorcycle-sharing service, saw a substantial decrease in fraud-related losses—from over $1 million to nearly zero incidents of motorcycle theft and fraud—thanks to Vouched’s robust technology.

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