About VerifyMe
VerifyMe is a company based in New York (United States) founded in 1999. It operates as a Professional Services. VerifyMe has raised $2.26 million across 12 funding rounds. The company has 44 employees as of December 31, 2024. VerifyMe offers products and services including VerifyInk™ and Precision Logistics Solutions. VerifyMe operates in a competitive market with competitors including Digimarc, ScanTrust, Marqvision, TruTag Technologies and Nexite, among others.
- Headquarter New York, United States
- Employees 44 as on 31 Dec, 2024
- Stage Public
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Sectors
RetailTechnology
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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 Verifyme, Inc.
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Annual Revenue
$24.21 M-4.37as on Dec 31, 2024
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Net Profit
$-3.82 M-12.8as on Dec 31, 2024
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EBITDA
$-863 K60.67as on Dec 31, 2024
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Total Equity Funding
$2.26 M (USD)
in 12 rounds
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Latest Funding Round
$1.1 M (USD), Post-IPO
Sep 01, 2023
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Investors
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Employee Count
44
as on Dec 31, 2024
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IPO & Listings of VerifyMe
VerifyMe is a publicly listed company on the NASDAQ with ticker symbol VRME 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 VerifyMe
VerifyMe offers a comprehensive portfolio of products and services, including VerifyInk™ and Precision Logistics Solutions. 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.
Used as a forensic marker for product authenticity confirmation.
Designed for shipping perishable and non-perishable products efficiently.
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Funding Insights of VerifyMe
VerifyMe has successfully raised a total of $2.26M across 12 strategic funding rounds. The most recent funding activity was a Post-IPO round of $1.1 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.
- Total Funding Total Funding
- Total Rounds 12
- Last Round Post-IPO — $1.1M
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First Round
First Round
(05 Apr 2002)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Post-IPO - VerifyMe | Valuation |
investors |
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| May, 2022 | Amount | Post-IPO - VerifyMe | Valuation |
investors |
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| Mar, 2020 | Amount | Post-IPO - VerifyMe | 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 |
Investments & Acquisitions by VerifyMe
| 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 - VerifyMe
| 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 |
Verifyme Comparisons
Competitors of VerifyMe
VerifyMe 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 Digimarc, ScanTrust, Marqvision, TruTag Technologies and Nexite, 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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| domain | founded_year | HQ Location |
Anti-counterfeiting barcode solutions are supplied to brands and retailers.
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| domain | founded_year | HQ Location |
Copy-proof QR codes are provided for counterfeiting protection.
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| domain | founded_year | HQ Location |
Provider of counterfeiting solutions for e-commerce businesses
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| domain | founded_year | HQ Location |
Anti-counterfeiting solutions are offered via microscopic edible barcodes for authentication.
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| domain | founded_year | HQ Location |
Provider of product authentication counterfeit labels for offline retailers
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Verifyme
Frequently Asked Questions about VerifyMe
When was VerifyMe founded?
VerifyMe was founded in 1999 and raised its 1st funding round 3 years after it was founded.
Where is VerifyMe located?
VerifyMe is headquartered in New York, United States. It is registered at New York, New York, United States.
Is VerifyMe a funded company?
VerifyMe is a funded company, having raised a total of $2.26M across 12 funding rounds to date. The company's 1st funding round was a Post-IPO of $1.99M, raised on Apr 05, 2002.
How many employees does VerifyMe have?
As of Dec 31, 2024, the latest employee count at VerifyMe is 44.
What is the annual revenue of VerifyMe?
Annual revenue of VerifyMe is $24.21M as on Dec 31, 2024.
What does VerifyMe do?
Brand protection and precision logistics solutions are offered by VerifyMe, Inc. and its subsidiary, PeriShip. Services are focused on product authentication and efficient shipping for perishable and non-perishable goods. Industries such as food and healthcare are primarily served with advanced technology solutions. Counterfeit prevention is addressed through forensic markers like VerifyInk to ensure product authenticity in the market.
Who are the top competitors of VerifyMe?
VerifyMe's top competitors include Digimarc, Marqvision and TruTag Technologies.
What products or services does VerifyMe offer?
VerifyMe offers VerifyInk™ and Precision Logistics Solutions.
Is VerifyMe publicly traded?
Yes, VerifyMe is publicly traded on NASDAQ under the ticker symbol VRME.
What is VerifyMe's ticker symbol?
The ticker symbol of VerifyMe is VRME on NASDAQ.
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