Identiq

Company Overview

Snapshot

Founded in September 2018 by Itay Levy, Uri Arad, and Ido Shilon, Identiq operates with 11–50 employees. The company has raised $52 million across 3 funding rounds from 8 investors.

Business overview

Identiq provides a privacy-preserving identity validation solution that enables businesses to verify new and existing users without sharing customer data or identifiable information. Its technology leverages a distributed network and cryptographic protocols to connect multiple identity assets like email, phone number, address, IP address, and funding source. This approach helps companies make accurate fraud decisions, improve user experience, and ensure compliance with privacy regulations such as GDPR and CCPA. Identiq operates within the Cyber Security sector, focusing on anti-fraud, identity verification, and risk management for industries including e-commerce.

Strategic signal

In April 2024, Identiq announced a workforce reduction, laying off almost half of its employees. This significant operational restructuring indicates a strategic pivot or a response to market pressures, signaling to investors a potential re-evaluation of the company's growth trajectory and resource allocation in the near term.

Company Intelligence Q&A

What was a significant recent operational change at Identiq?

In April 2024, Identiq implemented a workforce reduction, laying off almost half of its employees.

When was Identiq recognized for its innovation?

In February 2024, Identiq was awarded Top Innovation in the renowned 2024 Edison Awards™.

When was Identiq named a 'Cool Vendor' by Gartner?

In April 2020, Identiq was named a Cool Vendor in the Gartner "Cool Vendors in Privacy, 2020" Report.