ID.me Raises $19 Million to Expand Digital Identity Business
What do the State of Maine, Under Armour, and Major League Baseball have in common? They all use identity verification services from ID.me, which just raised a $19 million Series B. ID.me’s service is the opposite of CDP identity resolution, since ID.me is used when people are actively trying to prove their identity – perhaps to qualify for government benefits or log into a secure computer system. But there’s more overlap between the two worlds than you might think, since both types of identification rely on reference data sets, device data, and algorithms to process evidence about whether an identity assertion is valid. Also relevant to marketers, ID.me offers a digital wallet that lets users easily identify themselves to online.