About UnifyID
UnifyID is a company based in Redwood City (United States) founded in 2015 was acquired by Prove in June 2021.. UnifyID has raised $20 million across 3 funding rounds from investors including Prove, Leland Stanford Junior University and Microsoft Accelerator. The company has 22 employees as of December 31, 2022. UnifyID operates in a competitive market with competitors including BitGo, Megvii, Yoti, LifeLock and HYPR, among others.
- Headquarter Redwood City, United States
- Employees 22 as on 31 Dec, 2022
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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
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Social
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- Legal Name Unifyid
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Software Development Team
34 people
Leadership Team
33 people
Sales and Marketing
23 people
Product Management Team
10 people
Finance and Accounting
8 people
Legal and Compliance
7 people
Customer Team
6 people
Operations Team
5 people
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Funding Insights of UnifyID
UnifyID has successfully raised a total of $20M across 3 strategic funding rounds. 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 Last Round
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2017 | Amount | Series A - UnifyID | Valuation | Microsoft Accelerator |
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| Aug, 2017 | Amount | Series A - UnifyID | Valuation | New Enterprise Associates | |
| Feb, 2016 | Amount | Seed - UnifyID | Valuation |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in UnifyID
UnifyID has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Prove, Leland Stanford Junior University and Microsoft Accelerator. 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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Enterprise startups are accelerated through Microsoft's global mentoring program.
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Venture capital investments are offered to startups by NEA.
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by UnifyID
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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Fine Asian gourmet food is offered by an internet-first restaurant.
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - UnifyID
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Unifyid Comparisons
Competitors of UnifyID
UnifyID 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 BitGo, Megvii, Yoti, LifeLock and HYPR, 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 |
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Crypto-based custody, trading, and lending services are provided to institutions.
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Facial recognition and AI video analysis solutions are provided.
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Identity verification solutions are provided for multiple industries digitally.
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Identity theft is protected and prevented through cyber monitoring services.
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Passwordless multi-factor authentication and identity assurance solutions are provided.
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Digital identity solutions company providing facial biometrics and digital admission solutions
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Unifyid
Frequently Asked Questions about UnifyID
When was UnifyID founded?
UnifyID was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is UnifyID located?
UnifyID is headquartered in Redwood City, United States. It is registered at Redwood City, California, United States.
Is UnifyID a funded company?
UnifyID is a funded company, having raised a total of $20M across 3 funding rounds to date.
How many employees does UnifyID have?
As of Dec 31, 2022, the latest employee count at UnifyID is 22.
What does UnifyID do?
UnifyID was founded in 2015 and is based in Redwood City, United States. Operations focus on the cybersecurity sector, where implicit authentication solutions and machine learning-driven identity and access management (IAM) are developed. A cloud-based platform is offered to enable non-password authentication, streamline user logins, and support organizational security and access controls. Services emphasize behavioral analysis for continuous verification without traditional credentials.
Who are UnifyID's investors?
UnifyID has 7 investors. Key investors include Prove, Leland Stanford Junior University, Microsoft Accelerator, NEA, and Andreessen Horowitz.
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