Incode Raises $220 Million in Series B
Incode, a San Francisco-based next-generation identity verification and authentication platform for global enterprises, announced it raised $220 million in equity for its Series B funding round, giving the company a $1.25 billion valuation and propelling it to unicorn status…
Incode, a San Francisco-based next-generation identity verification and authentication platform for global enterprises, announced it raised $220 million in equity for its Series B funding round, giving the company a $1.25 billion valuation and propelling it to unicorn status less than seven months following its Series A round.
The round was led by investors from General Atlantic, SoftBank Latin America Fund, JP Morgan Technology Ventures, Capital One Ventures, and Coinbase Ventures, it also had the participation of funds SVCI (Silicon Valley CISO Investments), investors from DN Capital, 3L Capital, Framework Ventures, Dila Capital, among others.
Incode’s spectacular rate of growth – it grew 6x in revenues over the last 12 months – is driving the latest cycle of investments, which comes on top of the company raising $25 million Series A funding in March.
The level of fundraising validates Incode’s leadership in the global digital identity solutions market and its groundbreaking, automated AI-based approach to reinvent the customer experience of the future.
Company: Incode Technologies Inc
Raised: $220.0M
Round: Series B
Funding Month: December 2021
Lead Investors: General Atlantic, SoftBank Latin America Fund, JP Morgan Technology Ventures, Capital One Ventures, and Coinbase Ventures
Additional Investors: SVCI (Silicon Valley CISO Investments), investors from DN Capital, 3L Capital, Framework Ventures, and Dila Capital
Company Website: https://incode.com/
Software Category: Identity verification and authentication platform
About the Company: Incode is a leading identity company that is reinventing the way humans verify their identity and interact with the world’s largest companies with a highly secure and delightful AI-based experience. Incode’s end-to-end fully automated orchestration platform enables seamless access across multiple channels with products focused on onboarding, authentication, payment verification that increase conversion and reduce fraud. With its mission to build trust and democratize access, Incode works with a number of the world’s biggest banks, fintechs, hotels, governments, and marketplaces. Incode is based in San Francisco with offices in Europe and Latin America.
Source: https://www.businesswire.com/news/home/20211207005262/en/Incode-Secures-220M-for-Its-Se[%E2%80%A6]Status-Less-Than-Seven-Months-Following-Its-Series-A-Round
