HyperVerge
Founded Year
2014Stage
Series A | AliveTotal Raised
$1MMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+20 points in the past 30 days
About HyperVerge
HyperVerge is a business-to-business software as a service company that provides AI-based identity verification (KYC) and business verification (KYB) solutions for companies in fintech, insurance, lending, gaming, logistics, and edtech. The company was founded in 2014 and is based in Palo Alto, California.
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HyperVerge's Product Videos
HyperVerge's Products & Differentiators
Digital KYC
This product is used for identity verification and customer onboarding. We help businesses onboard users by just clicking a picture of their documents and themselves. Our product uses face recognition and liveness technologies to conduct face matches between selfie and ID cards. Service providers with access to our technology provide their end users a completely digital KYC solution that reduces document collection time and onboarding costs. Our product ensures KYC/AML compliance
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Expert Collections containing HyperVerge
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
HyperVerge is included in 2 Expert Collections, including Regtech.
Regtech
1,811 items
Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements. Regulatory technology helps companies and regulators address challenges ranging from compliance (e.g. AML/KYC) automation and improved risk management.
Artificial Intelligence
10,958 items
Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.
HyperVerge Patents
HyperVerge has filed 3 patents.
The 3 most popular patent topics include:
- artificial intelligence
- artificial neural networks
- image processing
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
6/2/2016 | 10/9/2018 | Machine learning, Artificial neural networks, Classification algorithms, Statistical classification, Image processing | Grant |
Application Date | 6/2/2016 |
|---|---|
Grant Date | 10/9/2018 |
Title | |
Related Topics | Machine learning, Artificial neural networks, Classification algorithms, Statistical classification, Image processing |
Status | Grant |
Latest HyperVerge News
Jun 9, 2023
3 mins ago LinkedIn introduced a new identity verification feature for its Indian customers through Aadhaar numbers on June 7. The ID verification process will be handled by HyperVerge, a third-party identity verification service that uses DigiLocker, the digital wallet for Government IDs in India. This verification will show up on the user’s LinkedIn profile. Those who don’t have an Aadhaar card can choose to verify through their work email or workplace credentials. Why it matters: LinkedIn says this Aaadhar-enabled verification will give people a greater chance of finding professional opportunities and will help build trust with their professional community. But it is important to note that private companies aren’t supposed to use Aadhaar for e-KYC (know your customer) purposes. In its 2018 judgment on the Aadhaar Act, the Supreme Court struck down Section 57 of the Aadhaar Act (the provision in the Act that allowed the use of Aadhaar authentication and e-KYC by private companies). According to the Supreme Court judgment of 2018, the use of Aadhaar numbers for e-KYC would enable the commercial exploitation of an individual’s biometric and demographic information by private entities. This concern is valid to this day and makes one question how companies like LinkedIn are going about this process. It is also important to note here that LinkedIn introduced a similar verification policy in the US earlier this year. But unlike what they're doing in India, US users didn't have a prescribed government ID they must use. This begs the question: Why is Aadhaar the only… Please subscribe / login to read the full story.
HyperVerge Frequently Asked Questions (FAQ)
When was HyperVerge founded?
HyperVerge was founded in 2014.
Where is HyperVerge's headquarters?
HyperVerge's headquarters is located at 101 University Ave, Palo Alto.
What is HyperVerge's latest funding round?
HyperVerge's latest funding round is Series A.
How much did HyperVerge raise?
HyperVerge raised a total of $1M.
Who are the investors of HyperVerge?
Investors of HyperVerge include Airbus BizLab, Catalyst Accelerator, New Enterprise Associates, Dallas Venture Capital and Milliways Ventures.
Who are HyperVerge's competitors?
Competitors of HyperVerge include AiDash, LiveEO, Astraea, Gorilla Technology, Shufti Pro and 7 more.
What products does HyperVerge offer?
HyperVerge's products include Digital KYC and 3 more.
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Compare HyperVerge to Competitors
Fourthline provides know-your-customer (KYC) and anti-money laundering (AML) compliance solutions. The platform authenticates a lot of identities and offers KYC and digital onboarding services. Fourthline was formerly known as Safened. Fourthline was founded in 2013 and is based in Amsterdam, Netherlands.
Jumio is a company that specializes in identity verification solutions, operating within the technology and cybersecurity sectors. The company offers services that help organizations verify identities and detect fraud throughout the customer lifecycle, using artificial intelligence and machine learning to provide predictive fraud insights and risk analysis. Jumio primarily serves sectors such as financial services, healthcare, online gaming, and the sharing economy. Jumio was formerly known as Jumio, Inc.. It was founded in 2012 and is based in Palo Alto, California.
Sumsub is a company that focuses on online identity verification and orchestration services, operating in the technology and security sectors. The company offers a platform that allows businesses to verify users, businesses, and transactions, manage cases, and deter fraud, all from a single dashboard. Sumsub primarily serves sectors such as fintech, online gaming, and trading. It was founded in 2015 and is based in London, England.
Veriff develops an artificial intelligence (AI) driven visionary verification platform. It provides AI-powered identity verification solutions for identity fraud prevention, know-your-customer compliance, and fast conversions of valuable customers. The company was founded in 2015 and is based in Tallinn, Estonia.
KYC-Chain is a company that focuses on providing blockchain and banking compliance solutions in the financial technology sector. The company offers an all-in-one workflow solution that verifies customer identities, streamlines the Know Your Customer (KYC) onboarding process, and manages the entire customer lifecycle. It primarily serves sectors such as crypto exchanges, digital banks, peer-to-peer lenders, money service businesses, and fintech companies. It is based in Singapore.
Argos is a company that specializes in identity verification solutions, operating in the technology and security sectors. The company offers services such as Know Your Customer (KYC), Know Your Business (KYB), and Anti-Money Laundering (AML) screening, all aimed at verifying identities and preventing fraudulent activities. It is based in Seoul, South Korea.
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