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ID.me

id.me

Founded Year

2010

Stage

Debt - II | Alive

Total Raised

$273.07M

Valuation

$0000 

Last Raised

$100M | 1 yr ago

About ID.me

ID.me provides an Identity Gateway that allows individuals to tie their legal identity to a digital login that is accepted across multiple websites, eliminating the need to create a new login or to verify identity at each site directly. The Identity Gateway verifies identity by remotely checking government issued identity documents with machine vision, mobile network operator (MNO) data, authoritative government and commercial databases, along with device identity and fraud algorithms.

Headquarters Location

8280 Greensboro Drive Suite 800

McLean, Virginia, 22102,

United States

866-775-4363

Missing: ID.me's Product Demo & Case Studies

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ESPs containing ID.me

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Financial Services / Retail Banking Tech

These companies offer solutions that verify identities to help banks, payment providers, and fintechs comply with know your customer (KYC), anti-money laundering (AML), and counter-terrorist financing (CTF) regulations. Solutions include customer onboarding, continuous transaction monitoring, and fraud detection.

ID.me named as Outperformer among 13 other companies, including Onfido, Jumio, and Veriff.

Missing: ID.me's Product & Differentiators

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Research containing ID.me

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned ID.me in 1 CB Insights research brief, most recently on Feb 9, 2022.

Expert Collections containing ID.me

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

ID.me is included in 6 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

1,201 items

S

Smart Cities

2,026 items

C

Conference Exhibitors

5,302 items

C

Cybersecurity

4,937 items

D

Digital ID In Fintech

268 items

For this analysis, we looked at digital ID companies working in or with near-term potential to work in fintech applications. Startups here are enabling fintech companies to verify government documents, authenticate with biometrics, and combat fraudulent logins.

R

Regtech

158 items

ID.me Patents

ID.me has filed 1 patent.

The 3 most popular patent topics include:

  • Identity management
  • Image processing
  • Computer network security
patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/2/2021

9/20/2022

Identity management, Federated identity, Key management, Identity management systems, Computer network security

Grant

Application Date

6/2/2021

Grant Date

9/20/2022

Title

Related Topics

Identity management, Federated identity, Key management, Identity management systems, Computer network security

Status

Grant

Latest ID.me News

ID.me lied to IRS about unemployment fraud, average wait times, House Dems say

Nov 21, 2022

Online verification through ID.me was supposed to help the Internal Revenue Service (IRS) prevent widespread fraud while rushing unemployment benefits to those who needed it most during the pandemic. Instead, wait times to get verified for some stretched up to 10 hours, and in one case in California, actually took three days . A six-month investigation by the House Oversight Committee found evidence that ID.me “downplayed excessive wait times,” hiding the problem from federal and state agencies by only providing data related to successful connections, Politico reported . This likely kept aid out of reach for those most in need, whose technology access was not reliable enough to stay connected through substantially delayed wait times. In a statement, chairwoman of the House Committee on Oversight and Reform, Representative Carolyn Maloney (D-NY), described the evidence revealed by the investigation as “appalling.” The Select Subcommittee on the Coronavirus Crisis chairman, Rep. James Clyburn (D-SC), expressed disappointment that ID.me did not deliver as a partner in US efforts to quickly disburse aid. “Congress acted swiftly at the onset of the coronavirus pandemic to ensure that 22 million newly unemployed Americans had unemployment benefits to pay their rent or mortgages and keep food on their tables,” Clyburn said in a statement. “Companies entrusted with implementing critical programs in a national crisis must be able to serve the needs of the people those programs are intended to benefit. We must continue to work to ensure that, in the future, companies hired to implement critical programs are up to the job.” Advertisement The House committees' investigation also lobbed allegations that ID.me made “baseless claims” to state and federal agencies about how much pandemic fraud was occurring. This, the press release said, was “in an apparent attempt to increase demand for its identity verification services.” “Despite repeated requests, ID.me could not provide the Committees with any methodology it used to support its CEO’s assertion in June 2021 that ‘America has lost more than $400 billion to fraudulent claims’ for unemployment benefits, or as ‘much as 50 percent of all unemployment monies,’” the press release said. Where ID.me CEO Blake Hall estimated that approximately $414 billion was lost—with seemingly no evidence to back this claim—the Department of Labor Office of Inspector General estimated the real figure was 10 times less, closer to $45.7 billion. The only sources ID.me provided to back up its much higher estimate post-dated the company’s estimate, and in one case, was based on the company’s estimate and not any other analysis. ID.me told Ars that it has nothing more to add, directing Ars to a company statement and a post on LinkedIn, where Hall disputed the investigation’s findings. “Today, House Oversight released a statement that inaccurately accused me of using a claim about fraud to win unemployment identity verification contracts,” Hall wrote on LinkedIn. “ID.me was already under contract with 43 government agencies, including 26 state unemployment agencies, before I ever made any estimate about $400B in improper unemployment payments,” Hall wrote. “We released our estimate as concerned citizens who were shocked at the extent of the fraud we were witnessing across states. Any assertion that we made a claim about fraud to advance our business omits the fact that 43 agencies chose ID.me before the statement was ever made.” As of last month, ID.me reported that its online identity verification services were still being used by 30 states and 10 federal agencies.

ID.me Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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ID.me Rank

ID.me Frequently Asked Questions (FAQ)

  • When was ID.me founded?

    ID.me was founded in 2010.

  • Where is ID.me's headquarters?

    ID.me's headquarters is located at 8280 Greensboro Drive, McLean.

  • What is ID.me's latest funding round?

    ID.me's latest funding round is Debt - II.

  • How much did ID.me raise?

    ID.me raised a total of $273.07M.

  • Who are the investors of ID.me?

    Investors of ID.me include Fortress Investment Group, Moonshots Capital, BoxGroup, Lead Edge Capital, CapitalG and 28 more.

  • Who are ID.me's competitors?

    Competitors of ID.me include ForgeRock, Proxi.id, SailPoint, Ping Identity, Hummingbirds AI and 14 more.

Compare ID.me to Competitors

Y
Yubico

Yubico specializes in login authentification, preventing unauthorized access to computers, servers, and internet accounts.The company's core product, YubiKey, protects access to user accounts for large enterprises, requires no driver or client software needed and supports multiple authentication and encryption protocols on all devices and platforms. The company serves enterprises, SMBs, individuals and developers. It was founded in 2007 and is based in Stockholm, Sweden.

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Beyond Identity

Beyond Identity provides computer and network security products and services, specifically passwordless zero trust multi-factor authentication (MFA).

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SailPoint

SailPoint (SV7:FRA) provides an identity security cloud platform that discovers, manages, and secures identities and access. Through its AI-driven intelligence, SaaS-based security, cloud access management, file access management, password management, and real-time access risk analysis it enables the enterprises to gain complete access visibility to all their systems. The company was founded in 2005 and is based in Austin, Texas. In August 2022, SailPoint was acquired by Thoma Bravo at a valuation of $6.9B.

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Dashlane

Dashlane provides a password manager and secure digital wallet app to allow users to manage passwords, credit cards, IDs, and other important information via advanced encryption and local storage.

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Silverfort

Silverfort protects corporate identities, critical assets and business data by seamlessly discovering and securing every authentication and access activity throughout the entire corporate network and cloud infrastructure. The company was founded in 2016 and is based in Israel.

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Osirium

Osirium offers a cybersecurity and privileged infrastructure automation solution that protects its customers from the cyber threats of hybrid-cloud IT Infrastructure.

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