About iProov
iProov is a company based in London (United Kingdom) founded in 2011 by Andrew Bud.. iProov has raised $85.13 million across 9 funding rounds from investors including Homeland Security, European Union and Sumeru Equity Partners. The company has 169 employees as of December 31, 2023. iProov offers products and services including Biometric Solution Suite and Liveness Detection. iProov operates in a competitive market with competitors including Megvii, Unico, Evrotrust, Oosto and 1Kosmos, among others.
- Headquarter London, United Kingdom
- Employees 169 as on 31 Dec, 2023
- Founders Andrew Bud
- Stage Minicorn
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Sectors
Industrial Goods & ManufacturingFinancial Services Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Iproov Limited
- Date of Incorporation 30 Nov, 2011
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
$29.28 M (USD)22as on Dec 31, 2023
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Net Profit
$-11.93 M (USD)-22as on Dec 31, 2023
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EBITDA
$-13.95 M (USD)-24as on Dec 31, 2023
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Total Equity Funding
$85.13 M (USD)
in 9 rounds
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Latest Funding Round
$6.98 M (USD), Series B
Nov 30, 2023
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Investors
Homeland Security
& 14 more
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Employee Count
169
as on Dec 31, 2023
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Products & Services of iProov
iProov offers a comprehensive portfolio of products and services, including Biometric Solution Suite and Liveness Detection. 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.
Provides tools for remote onboarding and liveness detection
Ensures real-time biometric verification against deepfakes
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Funding Insights of iProov
iProov has successfully raised a total of $85.13M across 9 strategic funding rounds. The most recent funding activity was a Series B round of $6.98 million completed in November 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 9
- Last Round Series B — $7.0M
- First Round First Round
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Series B - iProov | Valuation |
investors |
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| Dec, 2021 | Amount | Series B - iProov | Valuation |
investors |
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| Jun, 2020 | Amount | Grant - iProov | 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 iProov
iProov has secured backing from 15 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Homeland Security, European Union and Sumeru Equity Partners. 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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Buyouts are targeted by this private equity investment firm.
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Founded Year | Domain | Location | |
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JRJ Group is recognized as a growth-oriented private equity investor.
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Founded Year | Domain | Location | |
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Aviation and border security services are provided by DHS.
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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 iProov
| 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 - iProov
| 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 |
Iproov Comparisons
Competitors of iProov
iProov 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 Megvii, Unico, Evrotrust, Oosto and 1Kosmos, 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 |
Facial recognition and AI video analysis solutions are provided.
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| domain | founded_year | HQ Location |
Digital identity solutions company providing facial biometrics and digital admission solutions
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| domain | founded_year | HQ Location |
AI-based identity verification and electronic signing are provided for businesses.
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| domain | founded_year | HQ Location |
AI-powered video analytics systems are provided for security and operations.
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| domain | founded_year | HQ Location |
Blockchain-based passwordless authentication is delivered for customers.
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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 Iproov
Frequently Asked Questions about iProov
When was iProov founded?
iProov was founded in 2011 and raised its 1st funding round 3 years after it was founded.
Where is iProov located?
iProov is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of iProov?
Andrew Bud is the current CEO of iProov. They have also founded this company.
Is iProov a funded company?
iProov is a funded company, having raised a total of $85.13M across 9 funding rounds to date. The company's 1st funding round was a Grant of $198.41K, raised on Dec 10, 2014.
How many employees does iProov have?
As of Dec 31, 2023, the latest employee count at iProov is 169.
What is the annual revenue of iProov?
Annual revenue of iProov is $29.28M as on Dec 31, 2023.
What does iProov do?
iProov was founded in 2011 in London, United Kingdom. Science-based biometric technologies are developed for remote onboarding and authentication. Biometric capture, matching, and liveness detection are included in the offerings to address deepfakes and identity fraud. Solutions are applied across industries for multi-factor authentication and digital identity management. Operations focus on security standards within the identity verification sector.
Who are the top competitors of iProov?
What products or services does iProov offer?
iProov offers Biometric Solution Suite and Liveness Detection.
Who are iProov's investors?
iProov has 15 investors. Key investors include Homeland Security, European Union, Sumeru Equity Partners, Jacapo Moretti, and Roger Bernheim.
What is iProov's valuation?
The valuation of iProov is $41.8M as of Aug 2019.
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