30 Best Identity Management Startups to Watch in [2023]

Have you ever wondered who is on the list of Identity Management Companies with the highest growth rates?

You’re not alone.

There are hundreds of Identity Management Companies found there, and keeping track of the hottest new startups can be challenging.

But don’t worry, we’ve got you covered. Here are the top 30 fast-growing Identity Management Startups that have top-tier venture capital funding.

What is Identity Management Startups?

Identity Management Startups are companies that focus on developing and providing solutions to the problem of identity theft and fraud. These startups often offer services such as identity verification, authentication, and fraud prevention. 

They use a variety of techniques such as biometrics, machine learning, and artificial intelligence to develop products that help organizations protect their customers from identity theft and fraud.

Top 30 Fastest-Growing Startups In Identity Management

1) Transmit Security

For clients and employees, Transmit Security provides risk management and passwordless identity solutions.

Details of the startup:

• Country: United States
• City: Boston
• Started in: 2014
• Founders: Mickey Boodaei, Rakesh K. Loonkar
• Number of employees: 101-250
• Funding amount: $583,000,000
• Number of funding rounds: 2
• Number of investors: 9

You can find their website here.

2) Auth0

Auth0 is an online, mobile, IoT, and internal application identity management platform.

Details of the startup:

• Country: United States
• City: Bellevue
• Started in: 2013
• Founders: Eugenio Pace, Matias Woloski
• Number of employees: 501-1000
• Funding amount: $332,275,000
• Number of funding rounds: 9
• Number of investors: 16

You can find their website here.

3) Socure

Socure is a predictive analytics platform that verifies consumers’ digital identities.

Details of the startup:

• Country: United States
• City: New York
• Started in: 2012
• Founders: Johnny Ayers, Sunil Madhu
• Number of employees: 101-250
• Funding amount: $196,900,000
• Number of funding rounds: 10
• Number of investors: 26

You can find their website here.

4) CLEAR

CLEAR is an identification firm that leverages biometrics to create a smarter and more secure linked society.

Details of the startup:

• Country: United States
• City: New York
• Started in: 2010
• Founders: Caryn Seidman-Becker, Ken Cornick
• Number of employees: 501-1000
• Funding amount: $135,000,000
• Number of funding rounds: 6
• Number of investors: 17

You can find their website here.‍

5) Jumio

Jumio is an artificial intelligence platform that allows users to verify their identity remotely in order to avoid fraud and other financial crimes.

Details of the startup:

• Country: United States
• City: Palo Alto
• Started in: 2016
• Founders: Daniel Mattes, Robert Prigge
• Number of employees: 1001-5000
• Funding amount: $205,413,881
• Number of funding rounds: 8
• Number of investors: 8

You can find their website here.

6) ForgeRock

ForgeRock is a global software business that specializes in commercial open source identity and access management solutions.

Details of the startup:

• Country: United States
• City: San Francisco
• Started in: 2010
• Founders: Allan Foster, Hermann Svoren, Jonathan Scudder, Lasse Andresen, Steve Ferris, Victor Ake
• Number of employees: 501-1000
• Funding amount: $233,665,000
• Number of funding rounds: 5
• Number of investors: 5

You can find their website here.

7) Veriff

Veriff is a startup that protects businesses and their consumers from online identity fraud by verifying their identities online.

Details of the startup:

• Country: Estonia
• City: Tallinn
• Started in: 2015
• Founders: Janer Gorohhov, Kaarel Kotkas
• Number of employees: 101-250
• Funding amount: $92,320,000
• Number of funding rounds: 6
• Number of investors: 15

You can find their website here.

8) Enjin

Enjin® is the largest social gaming website platform that uses Blockchain Technology to provide genuine ownership of digital items.

Details of the startup:

• Country: Singapore
• City: Singapore
• Started in: 2009
• Founders: Maxim Blagov, Witek Radomski
• Number of employees: 11-50
• Funding amount: $41,900,000
• Number of funding rounds: 3
• Number of investors: 11

You can find their website here.

9) 1Password

1Password is a secure password organizer that allows companies to exchange passwords, credit cards, and documents in a secure manner.

Details of the startup:

• Country: Canada
• City: Toronto
• Started in: 2005
• Founders: Dave Teare, Roustem Karimov
• Number of employees: 101-250
• Funding amount: $200,000,000
• Number of funding rounds: 1
• Number of investors: 8

You can find their website here.

10) Britive

Britive provides comprehensive cloud privileged access protection.

Details of the startup:

• Country: United States
• City: Glendale
• Started in: 2018
• Founders: Alex Gudanis, Artyom Poghosyan
• Number of employees: 11-50
• Funding amount: $15,400,000
• Number of funding rounds: 2
• Number of investors: 4

You can find their website here.

11) ID.me

ID.me is a digital identity network that attempts to make the process of confirming a user’s identity as simple as possible.

Details of the startup:

• Country: United States
• City: Mclean
• Started in: 2010
• Founders: Blake Hall, Matthew Thompson, Tanel Suurhans
• Number of employees: 501-1000
• Funding amount: $155,245,000
• Number of funding rounds: 16
• Number of investors: 31

You can find their website here.

12) IDEMIA

IDEMIA provides identity and security solutions for a world that is becoming increasingly digital and networked.

Details of the startup:

• Country: France
• City: Courbevoie
• Started in: 2007
• Number of employees: 10001+
• Funding amount: $12,829,493
• Number of funding rounds: 1

You can find their website here.

13) Signicat

Signicat is a digital identification service provider (DISP) and one of Europe’s major e-ID and e-signature suppliers.

Details of the startup:

• Country: Norway
• City: Trondheim
• Started in: 2006
• Founders: Arne Vidar Haug, Gunnar Nordseth, Jon Oyvind Eriksen, Sigurd Stendal
• Number of employees: 51-100
• Funding amount: $8,770,106
• Number of funding rounds: 7
• Number of investors: 4

You can find their website here.

14) Deduce

To detect and deter bad actors and account takeover, Deduce uses real-time analytics profiling and scoring.

Details of the startup:

• Country: United States
• City: Philadelphia
• Started in: 2019
• Founders: Ari Jacoby
• Number of employees: 1-10
• Funding amount: $17,300,000
• Number of funding rounds: 3
• Number of investors: 9

You can find their website here.

15) IDnow

IDnow is a startup that offers superior machine-learning technologies as part of its Identity Verification-as-a-Service platform.

Details of the startup:

• Country: Germany
• City: Munich
• Started in: 2014
• Founders: Armin Bauer, Dennis von Ferenczy, Felix Haas, Sebastian Baerhold
• Number of employees: 101-250
• Funding amount: $58,163,544
• Number of funding rounds: 7
• Number of investors: 9

You can find their website here.

16) Openpath

For businesses and landlords, Openpath Security offers a mobile and cloud-based access management system.

Details of the startup:

• Country: United States
• City: Culver City
• Started in: 2016
• Founders: Alex Kazerani, James Segil, Phil Goldsmith, Rob Peters, Samy Kamkar
• Number of employees: 51-100
• Funding amount: $63,000,000
• Number of funding rounds: 4
• Number of investors: 12

You can find their website here.

17) Keeper Security

Keeper Security is a highly rated and patented cybersecurity technology that protects against data breaches and cyberthreats caused by passwords.

Details of the startup:

• Country: United States
• City: Chicago
• Started in: 2011
• Founders: Craig Lurey, Darren Guccione
• Number of employees: 101-250
• Funding amount: $60,250,000
• Number of funding rounds: 2
• Number of investors: 2

You can find their website here.

18) OCR Labs

OCR Labs is a Digital ID company that offers frictionless client onboarding, data security, and fraud protection across a variety of channels.

Details of the startup:

• Country: Australia
• City: Sydney
• Started in: 2014
• Founders: Daniel Aiello, Matthew Adams
• Number of employees: 11-50
• Funding amount: $15,000,000
• Number of funding rounds: 1
• Number of investors: 1

You can find their website here.

19) SEON

Defending online enterprises from scam

Details of the startup:

• Country: Hungary
• City: Budapest
• Started in: 2017
• Founders: Bence Jendruszak, Tamas Kadar
• Number of employees: 51-100
• Funding amount: € 11,600,000
• Number of funding rounds: 4
• Number of investors: 12

You can find their website here.

20) SAWO

Secure authentication solutions for apps and websites are provided by SAWO.

Details of the startup:

• Country: India
• City: Mumbai
• Started in: 2020
• Founders: Prabhat Sahu
• Number of employees: 11-50
• Funding amount: ₹57,500,000
• Number of funding rounds: 2
• Number of investors: 2

You can find their website here.

21) Usercentrics

Usercentrics is a legal technology SaaS provider situated in Munich, Germany, that is changing the method to safeguard compliant data through consent management.

Details of the startup:

• Country: Germany
• City: Munich
• Started in: 2018
• Founders: Jürgen Weichert, Lisa Gradow, Mischa Rurup, Vinzent Ellissen
• Number of employees: 101-250
• Funding amount: € 21,000,000
• Number of funding rounds: 3
• Number of investors: 7

You can find their website here.

22) Omada

Solutions and Services for Identity Management and Access Governance

Details of the startup:

• Country: Denmark
• City: Copenhagen
• Started in: 1999
• Founders: Morten Sigurdsson
• Number of employees: 101-250
• Funding amount: £21,700,000
• Number of funding rounds: 3
• Number of investors: 9

You can find their website here.

23) Unnax

Through a single API, Unnax provides bank aggregation, payments, onboarding, and e-money services.

Details of the startup:

• Country: Spain
• City: Barcelona
• Started in: 2016
• Founders: Jordi Pérez, Julian Díaz-Santos
• Number of employees: 11-50
• Funding amount: € 9,000,000
• Number of funding rounds: 3
• Number of investors: 8

You can find their website here.

24) Tickled Media

Tickled Media is a digital publishing house and tech firm that focuses on content and community platforms for women.

Details of the startup:

• Country: Singapore
• City: Singapore
• Started in: 2009
• Founders: Roshni Mahtani
• Number of employees: 51-100
• Funding amount: $7,319,437
• Number of funding rounds: 5
• Number of investors: 12

You can find their website here.

25) PrivyID

By combining trusted digital ID, digital signatures, and document management, PrivyID is creating an unprecedented business model.

Details of the startup:

• Country: Indonesia
• City: Jakarta
• Started in: 2016
• Founders: Guritno Adi Saputra, Marshall Pribadi
• Number of employees: 101-250
• Funding amount: $6,100,000
• Number of funding rounds: 2
• Number of investors: 5

You can find their website here.

26) Fourthline

KYC is the new market norm. For banks, fintechs, and other businesses, Fourthline validates millions of consumers.

Details of the startup:

• Country: The Netherlands
• City: Amsterdam
• Started in: 2017
• Founders: Chris van Straeten, Krik Gunning
• Number of employees: 101-250
• Funding amount: $20,324,781
• Number of funding rounds: 2
• Number of investors: 2

You can find their website here.

27) IDenfy

The iDenfy app allows you to verify your identity online using your smartphone or any other computer device.

Details of the startup:

• Country: Lithuania
• City: Kaunas
• Started in: 2017
• Founders: Domantas Čiuldė, Gediminas Ratkevicius
• Number of employees: 11-50
• Funding amount: $363,114
• Number of funding rounds: 4
• Number of investors: 1

You can find their website here.

28) Authenteq

Authenteq delivers real-time identity verification based on privacy-by-design principles. In 60 seconds or less, IDs are verified.

Details of the startup:

• Country: Iceland
• City: Reykjavík
• Started in: 2015
• Founders: Adam H. Martin, Kari Thor Runarsson, Runar Karlsson
• Number of employees: 11-50
• Funding amount: $7,398,103
• Number of funding rounds: 8
• Number of investors: 8

You can find their website here.

29) Sedicii

Sedicii is a service that verifies identification data between two organizations without revealing the underlying information.

Details of the startup:

• Country: Ireland
• City: Waterford
• Started in: 2013
• Founders: Rob Leslie
• Number of employees: 11-50
• Funding amount: $3,315,367
• Number of funding rounds: 4
• Number of investors: 4

You can find their website here.

30) Bamboocloud

Bamboocloud is a data security company that specializes in the identity management and access control (IAM) sector.

Details of the startup:

• Country: China
• City: Shenzhen
• Started in: 2009
• Founders: Ning Dong
• Number of employees: 51-100
• Funding amount: $59,467,502
• Number of funding rounds: 7
• Number of investors: 10

You can find their website here.

FAQs

Is Identity Management Business Profitable?

Yes, identity management is a profitable business. Identity management services offer a variety of solutions, such as identity and access control, authentication and authorization, and secure data storage, which all bring in revenue for companies. 

Companies also benefit from identity management services by reducing the risk of data breaches, improving customer satisfaction, and increasing operational efficiency.

What Is The Average Investment In Identity Management?

The average investment in an identity management business can vary widely depending on the size and scope of the business. Generally, investments can range from a few thousand dollars to several million dollars, depending on the number of users, the complexity of the security infrastructure, and the type of services being provided.