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Proxy Raises $42 Million for Phone-Based ID System

Proxy sells a mobile phone app that broadcasts an identity signal, avoiding the need for keys, ID cards or passcodes. It’s secure in that the signal is a single-use, encrypted token that only makes sense to user-authorized devices. But all bets are off if a phone gets lost or the user just wants a few moments of privacy. Anyway, they just raised a $42 million Series B, bringing their total to just over $60 million.

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CDP Industry is Growing Again: CDP Institute

July 10, 2025

With CDP vendors increasing their workforces by 3.4% in six months, compared with an average of 0.2% each six months over the prior two years, the sector seems to be growing again, according to our own semi-annual industry update. There is much talk of composable CDPs but they still employ no more than 5% of the sector workforce. What is a clear trend is the acquisition of independent CDPs by vendors interested in adding a CDP to a larger system (usually an activation system).

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