Identity verification startup SentiLink has secured $70 million in a funding round led by Craft Ventures, bringing its valuation to $85 million.
The Series B funding spherical also saw participation from Felicis Ventures, Andreessen Horowitz, and NYCA. For every stories, Victoria Treyger and David Sacks from Felicis will provide as observers on SentiLink’s board.
SentiLink will use the money to beat identification fraud in the US by growing its products line and workforce.
“SentiLink’s expansion trajectory is one of the speediest I’ve ever found and their traction with companies from new startups to main US banking institutions is outstanding,” explained David Sacks, co-founder and general partner at Craft Ventures.
“All of this stems from the team’s deep being familiar with of fraud and identity. I figured out about fraud attacks I didn’t even assume were being feasible from conversing with Naftali and Max. We’re fired up to direct SentiLink’s Series B and to support them as they transform how identification verification is effective in the US.”
SentiLink integrates disparate details resources to discover synthetic identities with unparalleled precision. Its ID Total module matches the Social Security amount (SSN) data across US identities to fill in incomplete or lacking facts. Synthetic Fraud and ID Theft Scores show the likelihood of application fraud.
What’s extra, SentiLink’s Risk Functions group consistently screens artificial identities to build regular and accurate fraud labels.
“SentiLink is reinventing id verification in the US. Despite businesses shelling out large quantities of time and cash hoping to determine out if folks are who they say they are, identity fraud is rampant and actual prospects undergo from false positives and avoidable friction,” claimed Naftali Harris, co-founder and CEO of SentiLink.
Commenting on conditions, SentiLink stated its authentic-time fraud detection alternatives only have to have name, deal with, DOB, SSN, email, and phone range for assessing identity fraud.
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