Q5id, a Hillsboro, Ore.-based provider of identity proofing services, closed its $10m latest round of funding.
The round, which brought total equity funding to $25.5m since inception in 2018, was led Canaccord Genuity.
The company intends to use the funds to continue to enhance its patented identity proofing platform.
Led by CEO and founder Steve Larson, Q5id offers a patented, multi-factor proven identity management platform. Using the app on a smartphone, consumers can have their identity proving. Once enrolled with a Q5id proven identity, consumers use their unique biometrics to authenticate their identity in seconds when conducting any number of transactions across multiple industry verticals.