ID Experts, a Portland, Oregon-based provider of data breach prevention and response platform, secured $5m in Series A funding.
Backers included BlueCross BlueShield Venture Partners and the Sandbox Advantage Fund. In conjunction with the funding, Tom Hawes, M.D., Managing Director at Sandbox Industries, will join ID Experts’ Board of Directors.
The company will use the funds to continue to expand operations.
Led by Bob Gregg, CEO, ID Experts provides data breach response services for organizations and identity recovery products that protect individuals from financial and medical identity theft, mitigate risks, and ensure compliance.
The company’s MyIDCare™ SaaS product includes a medical ID alert system – MIDAS – to protect people from all nine types of identity theft including insurance, criminal, child, drivers’ license, Social Security, synthetic, financial, medical and employment.
Corporate clients include major healthcare, insurance, government, financial services, and higher education organizations.