Deduce

Philadelphia, United States Founded: 2019 • Age: 7 yrs Acquired By CHEQ
User account and data security solutions are offered by Deduce.
Annual revenue - Latest available
Total funding $26.3M 3 rounds
Employees 13 Tracked headcount
Investors 7 Known backers
Products 2 Services tracked
Competitors 10 Brand Intelligence

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 & Manufacturing
    Technology Financial Services
  • Phone
    Locked
  • Website
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  • Social
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Operational Areas
Industrial Goods & Manufacturing → Security, Surveillance & Safety Systems Unlock Sub-Sector Unlock Segment
Technology → Enterprise Software & Productivity Solutions Unlock Sub-Sector Unlock Segment
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Technology → Cybersecurity & Privacy Solutions Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $26.3 M (USD)

    in 3 rounds

  • Latest Funding Round
    $9 M (USD), Series A

    Sep 13, 2023

  • Investors
    CHEQ

    & 6 more

  • Employee Count
    13

    as on Dec 31, 2022

  • Acquired by
    CHEQ

    (Jan 31, 2025)

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Products & Services of Deduce

Deduce offers a comprehensive portfolio of products and services, including Deduce Identity Graph and Patented Fraud Technology.

Product name locked
Category locked
Primary

Real-time AI tool to identify and flag synthetic identities.

Product name locked
Category locked
Locked

System for preventing identity fraud in financial onboarding.

People of Deduce

Headcount 1-10
Employee Profiles 2
Employee Profiles
People
Andy Pruss
VP, Finance

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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.

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.

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Venture Fund
Angel
Investor Description Founded Year Domain Location
Freestyle VC is engaged in seed funding for tech startups.
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Venture capital is invested in early-stage tech startups.
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Venture capital firm supporting AI founders through investments and community.
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Investor details for Deduce

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  • Investor domains
  • Investor locations
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  • Participation history

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Investments & Acquisitions by Deduce

Investments
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Investment portfolio details for Deduce

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  • Transaction dates
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Financial Statements - Deduce

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Detailed financials for Deduce

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  • Profit trends
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Deduce Comparisons

Deduce Primary company
Description
User account and data security solutions are offered by Dedu...
Location
Philadelphia, United States
Founded Year
2019
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
13
As of 2022
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Peer comparison for Deduce

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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.

Company Name Domain Founded year HQ Location Description
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Cloud-based software for automating data governance and compliance is offered.
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SaaS platform for fraud detection and risk management is utilized.
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Dark web credentials are scanned to prevent account takeovers.
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Provider of behavior analytics and machine learning based data security
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Big data platform for security and privacy is provided.
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Platform that offers fraud detection solutions for financial instituions
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Detailed competitors of Deduce

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Latest news on Deduce

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Complete news archive for Deduce

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  • Brand-specific news history

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Frequently Asked Questions about Deduce

Deduce was founded in 2019 and raised its 1st funding round 1 year after it was founded.

Deduce is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.

Deduce is a funded company, having raised a total of $26.3M across 3 funding rounds to date.

As of Dec 31, 2022, the latest employee count at Deduce is 13.

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.

Deduce's top competitors include GBG, SpyCloud and OneTrust.

Deduce offers Deduce Identity Graph and Patented Fraud Technology.

Deduce has 7 investors. Key investors include CHEQ, Freestyle VC, Foundry, True Ventures, and Ridge Ventures.

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