Trust Stamp, an Atlanta, GA-based identity authentication startup, raised a second funding from the National Association of Realtors®’ venture capital fund Second Century Ventures.
The amount of the deal was not disclosed.
The company intends to use the funds to make key additions to their executive leadership team and fund research and development that will advance and accelerate its product roadmap.
Founded in 2015 by Gareth Genner and Andrew Gowasack, Trust Stamp leverages artificial intelligence and blockchain technologies to verify strangers’ identities and provide a trust score.
The company develops and deploys proprietary artificial intelligence software to authenticate identity and also analyzes public records and social media to provide a unique color-coded Trust Score. After creating the Trust Score, users can improve it by sharing additional information. While personal details behind a Trust Score remain private and under the user’s control, the score can be shared through the company’s Trust Stamp.
Trust Stamp has clients across multiple industries, including a major U.S. bank, and has launched an app to improve the safety of peer-to-peer marketplaces like Airbnb, Craigslist, Facebook Marketplace and Uber. Through its relationship with NAR, the company has also partnered with the National Association of Estate Agents in the UK to provide real estate agents with risk based tools to meet EU and UK anti-money laundering obligations.