AU10TIX, a Nicosia, Cyprus-based global provider of a cloud-based, machine learning, ID verification and authentication platform, raised $20m in funding.
Oak HC/FT made the investment into ABC Technologies B.V., parent of AU10TIX Limited.
The company intends to use the funds to continue to grow in the identity verification and document verification market.
Led by Ron Atzmon, CEO, AU10TIX specializes in the authentication and digitization of identifying documents including Passports, identity cards, driving licenses and other complementary identifying documents. The company specializes in providing software-based solutions used for scanning, identifying, content retrieval, authentication and validation of identifying documents. Over the last decade, It has become the preferred solution for customer onboarding and KYC automation across a diverse set of industry sectors: such as banking, payments, transportation, travel, and gaming.