Prove Identity Raises $40 Million and hits Unicorn Status

Prove Identity is a global leader in digital identity solutions that empowers individuals and organizations with tools that enhance trust and security in the digital realm. The company uses advanced technologies such as artificial intelligence, machine learning, and biometrics to create groundbreaking verification solutions.

Prove Identity has raised $40 million and reached unicorn status with a valuation exceeding $1 billion. The new funding round was led by MassMutual Ventures and Capital One Ventures. The fresh funding will be used to “launch new commerce enablement and fraud-fighting use cases, continue Prove’s global expansion, and address the evolving threats faced by all public and private institutions operating in the digital economy,” according to press release.

Prove Identity, New York, United States, was founded in 2008 by Mike Brody and Rodger Desai. “As our daily lives become increasingly digital, Prove’s mission is to be the global standard for fast, secure and privacy-first digital identity,” Prove Identity Co-founder and CEO Rodger Desai said. “This funding will further our work toward comprehensive digital identity solutions that secure the future for all.”

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