About IDI
IDI is a company based in Boca Raton (United States) founded in 2005. It operates as a Data-as-a-Service, and Subscription Services. IDI has raised $76.08 million across 6 funding rounds from investors including WhiteHorse Capital. The company has 215 employees as of December 31, 2024. IDI has completed 1 acquisition, including Fluent. IDI offers products and services including idiCORE, coreIDENTITY, idiMARKETING, idiTRACE, and idiCRIM. IDI operates in a competitive market with competitors including Perfios, Signicat, IDnow, Onfido and IDfy, among others.
- Headquarter Boca Raton, United States
- Employees 215 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Red Violet, Inc.
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Annual Revenue
$75.19 M24.89as on Dec 31, 2024
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Net Profit
$7 M-48.24as on Dec 31, 2024
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EBITDA
$17.48 M61.04as on Dec 31, 2024
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Total Equity Funding
$76.08 M (USD)
in 6 rounds
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Latest Funding Round
$47 M (USD), Debt – Venture
Dec 09, 2015
- Investors
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Employee Count
215
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of IDI
IDI is a publicly listed company on the NASDAQ with ticker symbol RDVT in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of IDI
IDI offers a comprehensive portfolio of products and services, including idiCORE, coreIDENTITY, idiMARKETING, idiTRACE, and idiCRIM. 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.
Advanced platform for identity verification and risk management.
Solution for managing customer identity verification journeys.
AI-powered tool for personalized marketing and audience engagement.
Tool for verifying applicant address and alias history.
Database search for criminal and court record screening.
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Funding Insights of IDI
IDI has successfully raised a total of $76.08M across 6 strategic funding rounds. The most recent funding activity was a Debt – Venture round of $47 million completed in December 2015. 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 6
- Last Round Debt – Venture — $47.0M
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First Round
First Round
(27 Jun 2007)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2015 | Amount | Debt – Venture - IDI | Valuation |
investors |
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| Nov, 2015 | Amount | Post-IPO - IDI | Valuation |
investors |
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| Jul, 2015 | Amount | Post-IPO - IDI | Valuation |
investors |
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| 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 IDI
IDI has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include WhiteHorse 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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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 IDI
IDI has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Fluent. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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AI-powered commerce media solutions are provided by Fluent for growth.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - IDI
| 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 |
Idi Comparisons
Competitors of IDI
IDI 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 Perfios, Signicat, IDnow, Onfido 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 |
Provides financial technology solutions for data analysis and verification globally.
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| domain | founded_year | HQ Location |
Software solutions for identity management are provided via APIs.
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| domain | founded_year | HQ Location |
Automated and expert-led identity verification services are provided.
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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 |
Identity verification, background screening, and fraud prevention solutions are provided.
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| domain | founded_year | HQ Location |
Mobile platform offering credit cards
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Idi
Frequently Asked Questions about IDI
When was IDI founded?
IDI was founded in 2005 and raised its 1st funding round 2 years after it was founded.
Where is IDI located?
IDI is headquartered in Boca Raton, United States. It is registered at Boca Raton, Florida, United States.
Is IDI a funded company?
IDI is a funded company, having raised a total of $76.08M across 6 funding rounds to date. The company's 1st funding round was a Post-IPO of $10M, raised on Jun 27, 2007.
How many employees does IDI have?
As of Dec 31, 2024, the latest employee count at IDI is 215.
What is the annual revenue of IDI?
Annual revenue of IDI is $75.19M as on Dec 31, 2024.
What does IDI do?
Data is transformed into actionable intelligence by IDI through a cloud-native identity intelligence platform. Solutions are provided for identity verification, risk management, fraud prevention, and marketing across industries like financial services, government, law enforcement, real estate, and healthcare. Comprehensive data assets covering nearly 100 of the U.S. adult population are utilized. Advanced analytics and machine learning are employed to deliver insights for due diligence, regulatory compliance, and debt recovery. The platform is designed to scale limitlessly with leading-edge security and compliance standards.
What products or services does IDI offer?
IDI offers idiCORE, coreIDENTITY, idiMARKETING, idiTRACE, and idiCRIM.
Is IDI publicly traded?
Yes, IDI is publicly traded on NASDAQ under the ticker symbol RDVT.
How many acquisitions has IDI made?
IDI has made 1 acquisition, including Fluent.
Who are IDI's investors?
IDI has 1 investor. Key investors include WhiteHorse Capital.
What is IDI's ticker symbol?
The ticker symbol of IDI is RDVT on NASDAQ.
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