About Verificient Technologies
Verificient Technologies is a company based in New York (United States) founded in 2012 by Rahul Siddharth.. Verificient Technologies has raised $3.64 million across 3 funding rounds from investors including Techstars, Expansion Venture Capital and Kaplan EdTech Accelerator. The company has 151 employees as of October 31, 2024. Verificient Technologies offers products and services including Proctortrack, ProctorDIY, ProctorTA, and Veripass. Verificient Technologies operates in a competitive market with competitors including Renaissance, Entrust, TeleSign, Signicat and Examity, among others.
- Headquarter New York, United States
- Employees 151 as on 31 Oct, 2024
- Founders Rahul Siddharth
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Sectors
EducationTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Verificient Technologies Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.64 M (USD)
in 3 rounds
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Latest Funding Round
$1.8 M (USD), Seed
Jan 21, 2014
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Investors
Techstars
& 2 more
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Employee Count
151
as on Oct 31, 2024
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Products & Services of Verificient Technologies
Verificient Technologies offers a comprehensive portfolio of products and services, including Proctortrack, ProctorDIY, ProctorTA, and Veripass. 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.
Automated identity verification and remote monitoring for online exams.
Do-it-yourself platform for K12 exam integrity and student privacy.
Browser lock for secure in-classroom testing environments.
Authenticates data for exam integrity against baseline profiles.
Unlock access to complete
Funding Insights of Verificient Technologies
Verificient Technologies has successfully raised a total of $3.64M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.8 million completed in January 2014. 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 Seed — $1.8M
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First Round
First Round
(18 Jun 2013)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2014 | Amount | Seed - Verificient Technologies | Valuation |
investors |
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| Jun, 2013 | Amount | Seed - Verificient Technologies | Valuation |
investors |
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| Jun, 2013 | Amount | Seed - Verificient Technologies | 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 Verificient Technologies
Verificient Technologies has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Techstars, Expansion Venture Capital and Kaplan EdTech 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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Tech focused VC firm investing in early and growth stage companies in the US
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Founded Year | Domain | Location | |
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Startups are accelerated globally without sector restrictions through structured programs.
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Founded Year | Domain | Location | |
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Education startups are accelerated via a 3-month New York program.
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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 Verificient Technologies
| 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 - Verificient Technologies
| 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 |
Verificient Technologies Comparisons
Competitors of Verificient Technologies
Verificient Technologies 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 Renaissance, Entrust, TeleSign, Signicat and Examity, 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 K-12 assessments in reading, math, and writing are delivered.
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| domain | founded_year | HQ Location |
Provider of digital identity management solutions
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| domain | founded_year | HQ Location |
Cloud-based API for user verification and risk assessment is provided.
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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 |
Proctored examination provider
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| domain | founded_year | HQ Location |
Assessment and data solutions are developed for K-12 education.
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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 Verificient Technologies
Frequently Asked Questions about Verificient Technologies
When was Verificient Technologies founded?
Verificient Technologies was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is Verificient Technologies located?
Verificient Technologies is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Verificient Technologies a funded company?
Verificient Technologies is a funded company, having raised a total of $3.64M across 3 funding rounds to date. The company's 1st funding round was a Seed of $20K, raised on Jun 18, 2013.
How many employees does Verificient Technologies have?
As of Oct 31, 2024, the latest employee count at Verificient Technologies is 151.
What does Verificient Technologies do?
Verificient Technologies was founded in 2012 and is headquartered in New York, United States. Online proctoring solutions are offered through ProctorTrack, where identity verification is conducted via face scans and photo ID scans. These services support higher education institutions by maintaining the integrity of high-stakes online assessments. Operations focus on the education technology sector, with tools designed for secure remote testing environments.
Who are the top competitors of Verificient Technologies?
Verificient Technologies's top competitors include Signicat, Renaissance and Entrust.
What products or services does Verificient Technologies offer?
Verificient Technologies offers Proctortrack, ProctorDIY, ProctorTA, and Veripass.
Who are Verificient Technologies's investors?
Verificient Technologies has 3 investors. Key investors include Techstars, Expansion Venture Capital, and Kaplan EdTech Accelerator.