About Deduce
Deduce is a company based in Philadelphia (United States) founded in 2019 was acquired by CHEQ in January 2025.. Deduce has raised $26.3 million across 3 funding rounds from investors including CHEQ, Freestyle VC and Foundry. The company has 13 employees as of December 31, 2022. Deduce offers products and services including Deduce Identity Graph and Patented Fraud Technology. Deduce operates in a competitive market with competitors including OneTrust, Simility, SpyCloud, Allure Security and Privitar, among others.
- Headquarter Philadelphia, United States
- Employees 13 as on 31 Dec, 2022
-
Sectors
Industrial Goods & ManufacturingTechnology Financial Services
-
Phone
*********
-
Website
*********
-
Social
*********
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Deduce
Deduce offers a comprehensive portfolio of products and services, including Deduce Identity Graph and Patented Fraud Technology. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Real-time AI tool to identify and flag synthetic identities.
System for preventing identity fraud in financial onboarding.
Unlock access to complete
Unlock access to complete
Funding Insights of Deduce
Deduce has successfully raised a total of $26.3M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $9 million completed in September 2023. 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 — $9.0M
-
First Round
First Round
(02 Dec 2020)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Series A - Deduce | Valuation | Freestyle | |
| Jun, 2021 | Amount | Series A - Deduce | Valuation | Foundry | |
| Dec, 2020 | Amount | Seed - Deduce | Valuation | True Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Deduce
Deduce has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include CHEQ, Freestyle VC and Foundry. 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 |
|---|---|---|---|---|
|
Freestyle VC is engaged in seed funding for tech startups.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in early-stage tech startups.
|
Founded Year | Domain | Location | |
|
Venture capital firm supporting AI founders through investments and community.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Deduce
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Deduce
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Deduce Comparisons
Competitors of Deduce
Deduce 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 OneTrust, Simility, SpyCloud, Allure Security and Privitar, 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 |
Cloud-based software for automating data governance and compliance is offered.
|
|
| domain | founded_year | HQ Location |
SaaS platform for fraud detection and risk management is utilized.
|
|
| domain | founded_year | HQ Location |
Dark web credentials are scanned to prevent account takeovers.
|
|
| domain | founded_year | HQ Location |
Provider of behavior analytics and machine learning based data security
|
|
| domain | founded_year | HQ Location |
Big data platform for security and privacy is provided.
|
|
| domain | founded_year | HQ Location |
Platform that offers fraud detection solutions for financial instituions
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Deduce
Frequently Asked Questions about Deduce
When was Deduce founded?
Deduce was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Deduce located?
Deduce is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
Is Deduce a funded company?
Deduce is a funded company, having raised a total of $26.3M across 3 funding rounds to date. The company's 1st funding round was a Seed of $7.3M, raised on Dec 02, 2020.
How many employees does Deduce have?
As of Dec 31, 2022, the latest employee count at Deduce is 13.
What does Deduce do?
Deduce was founded in 2019 and is headquartered in Philadelphia, United States. Operations focus on the cybersecurity sector, where platforms for user account security and data protection are developed. Services encompass data coalition, digital identity protection, fraud prevention, risk management, account testing, scripting and automation, phishing prevention, suspicious login detection, and customer alerts. These tools support secure digital environments for businesses.
What products or services does Deduce offer?
Deduce offers Deduce Identity Graph and Patented Fraud Technology.
Who are Deduce's investors?
Deduce has 7 investors. Key investors include CHEQ, Freestyle VC, Foundry, True Ventures, and Ridge Ventures.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.