Vouched Declares $3M Funding Spherical to Speed up AI-Primarily based Identification Verification Platform

Vouched, a developer of proprietary synthetic intelligence and pc imaginative and prescient for end-to-end id verification and real-time fraud detection, introduced on Thursday it has raised  $three million via its newest funding spherical, which was led by Flying Fish Companions.

Based in 2018, Vouched describes itself as a proprietary AI/CV/ML that powers real-time visible ID verification to onboard clients and drive income for patrons throughout city or world wide. The corporate famous it accelerates income development and gives a “seamless” consumer expertise by quickly and securely verifying and onboarding finish customers via a classy, end-to-end visible ID verification and fraud detection answer.

“Vouched serves disruptive startups, fast-growing unicorns, and the Fortune 1000 enterprise. Centered on regulated and safety delicate industries, greater than 50 firms in banking and monetary providers; healthcare and telemedicine; and gig and sharing economic system firms depend on Vouched for id verification.”

Whereas sharing extra particulars in regards to the firm, Vouched Co-founder and CEO, John Baird, acknowledged:

“The power to see an individual and confirm their id on-line is required for complicated regulated actions comparable to Know Your Buyer (KYC) in banking and the rise of Know Your Affected person (KYP) in healthcare and telemedicine. More and more, security-sensitive transactions comparable to peer-to-peer sharing of pricy items like bikes, vehicles and RVs additionally rely on id verification. We’re serving to to fulfill these rising wants.”

Vouched went on so as to add that it’ll use the funding spherical’s funds will additional speed up the expansion of its id proofing platform throughout the banking, fintech, and healthcare verticals.