About Berbix
Berbix is a company based in Sacramento (United States) founded in 2018 by Chad and Brad was acquired by Socure in June 2023.. Berbix has raised $14.22 million across 3 funding rounds from investors including Socure, Mayfield and Initialized Capital. The company has 29 employees as of December 31, 2021. Berbix operates in a competitive market with competitors including IDnow, BitGo, Onfido, Megvii and IDfy, among others.
- Headquarter Sacramento, United States
- Employees 29 as on 31 Dec, 2021
- Founders Chad, Brad
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Sectors
TechnologyIndustrial Goods & Manufacturing Financial Services
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Email
***********
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Phone
*********
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Website
*********
- Legal Name Berbix Inc.
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Software Development Team
47 people
Data Analysis and Operations Team
28 people
Leadership Team
21 people
Sales and Marketing
20 people
Product Management Team
11 people
Senior Team
8 people
Human Resources and Administration
6 people
Operations Team
6 people
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Funding Insights of Berbix
Berbix has successfully raised a total of $14.22M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $11.57 million completed in August 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $11.6M
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First Round
First Round
(01 Jun 2018)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Series A - Berbix | Valuation | Mayfield | |
| Jul, 2019 | Amount | Seed - Berbix | Valuation | Y Combinator , Initialized Capital |
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| Jun, 2018 | Amount | Seed - Berbix | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Berbix
Berbix has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include Socure, Mayfield and Initialized Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Mayfield is focused on AI innovation and venture capital investments.
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Founded Year | Domain | Location | |
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Seed and early-stage technology investments are managed by the firm.
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Berbix
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Berbix
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Berbix Comparisons
Competitors of Berbix
Berbix operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as IDnow, BitGo, Onfido, Megvii and IDfy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Automated and expert-led identity verification services are provided.
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| domain | founded_year | HQ Location |
Crypto-based custody, trading, and lending services are provided to institutions.
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| domain | founded_year | HQ Location |
Identity verification solutions are provided, including document and biometric authentication.
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| domain | founded_year | HQ Location |
Facial recognition and AI video analysis solutions are provided.
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| domain | founded_year | HQ Location |
Identity verification, background screening, and fraud prevention solutions are provided.
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| domain | founded_year | HQ Location |
Identity verification solutions are provided for multiple industries digitally.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Berbix
Frequently Asked Questions about Berbix
When was Berbix founded?
Berbix was founded in 2018.
Where is Berbix located?
Berbix is headquartered in Sacramento, United States. It is registered at Sacramento, California, United States.
Is Berbix a funded company?
Berbix is a funded company, having raised a total of $14.22M across 3 funding rounds to date. The company's 1st funding round was a Seed of $150K, raised on Jun 01, 2018.
How many employees does Berbix have?
As of Dec 31, 2021, the latest employee count at Berbix is 29.
What does Berbix do?
Berbix was founded in 2018 in Sacramento, United States, within the cybersecurity sector. A platform for verifying digital identities is operated, allowing authentication of age, email addresses, phone numbers, and photo IDs. This service supports protection of high-value transactions, background verifications, and controls on age-restricted products and services across online operations.
Who are Berbix's investors?
Berbix has 7 investors. Key investors include Socure, Mayfield, Initialized Capital, Y Combinator, and Fika Ventures.
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