ID DataWeb, a Washington, CD-based dynamic identity verification company, raised $3m in funding.
Cyber-led growth fund Strategic Cyber Ventures made the investment. In conjunction with the funding, Tom Kellermann, CEO of Strategic Cyber Ventures, will join ID DataWeb’s Board.
The company, which has raised $5m in total funding to-date, intends to use the funds to hire engineering and technology development people to further innovate its technology and expand growth and sales in new markets.
Founded in 2011, ID DataWeb operates the Attribute eXchange Network (AXN), an online Internet-scale gateway for Relying Parties (RPs) to access user-asserted, permissioned and verified online identity credentials and attributes from third-party providers including Attribute Providers and/or Identity Providers.
The AXN cloud broker service enables real-time identity proofing, multifactor authentication and enhanced privacy for constituents within and between industry ecosystems.
The company currently serves Department of Defense, Financial, Technology, Healthcare and Entertainment customers in 35 countries with plans to grow to sixty by the end of 2017.
FinSMEs
20/01/2017