Evident ID, Inc., an Atlanta, GA-based platform that powers identity and credential verification for companies, raised $20m in Series B financing.
The round was led by Aspect Ventures, with participation from existing investors New Enterprise Associates (NEA) and Internet Security Systems founder Tom Noonan; as well as new investor Blue Cloud Ventures.
The company intends to use the funds to broaden its technical infrastructure including deepening its investment in AI and machine learning, computer vision, and facial recognition technologies, and expand its team.
Led by David Thomas, CEO, Evident provides an identity assurance platform that lets businesses know who they are dealing with without handling sensitive personal data. With connections to thousands of authoritative sources through a single API, the platform enables comprehensive and up-to-date identity and credential verifications without the risk and liability of holding personal information. It verifies identity holistically, encompassing both online and offline factors such as business licenses, biometrics, insurance, criminal history, and more.