Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into biometrics. This time, you get to discover 5 hand-picked digital identity startups.
Out of 804, the Global Startup Heat Map highlights 5 Top Digital Identity Startups
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering 2 093 000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 804 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 biometrics startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these 5 startups & scaleups in this report. For insights on the other 799 digital identity solutions, get in touch.
Gataca offers a Self-sovereign Identity Platform
Founding Year: 2018
Location: Madrid, Spain
Funding: USD 435 9oo
Industries: GovTech, Education
Partner for: Decentralized Identity Solutions
Gataca is a Spanish cybersecurity startup that provides decentralized digital identity technology. Its technology enables applications with one-click customer onboarding experiences, know your customer (KYC) compliance, and data protection features. The startup’s digital identity wallet allows users to store their personal data and identity credentials securely and access digital services. For companies, the startup offers authentication and single sign-on tools to increase conversion rates, and reduce customer acquisition costs, as well as advance data privacy and KYC compliance.
Tethys develops Eco-friendly Digital Identification (ID) Solutions
Founding Year: 2019
Location: Toronto, Canada
Industries: Health, GovTech, Financial Services
Partner for: Digital ID Ecosystem
Canadian startup Tethys builds Tethys e-ID, a digital identity ecosystem. Accessible through smartphones, the startup’s solution allows governments, healthcare providers, and financial institutions to digitize paper and plastic cards with the help of AI. Tethys creates a unique ID for each user and links each ID with the user’s biometric data. This eliminates the possibility of identity theft or fraud. The e-ID also stores basic user information such as name, address, and date of birth. The e-ID solution offers users an eco-friendly alternative to verify and share personal information with trusted partner organizations.
Blinking is a Digital ID Management Platform
Founding Year: 2017
Location: Belgrade, Serbia
Funding: USD 1,1 M
Industries: Finance, Telecom
Partner for: Rapid User Onboarding
Blinking is a Serbian startup that develops digital identity solutions, including digital identity authentication, access authorization, and a user management platform. The startup’s digital identity platform gives users ownership and control of their private data while improving user onboarding and authentication, eKYC data, and document storage for businesses. It also uses biometric modalities to deliver multi-factor authentication. The startup’s solution facilitates remote digital onboarding for finance and telecom companies.
Wise AI offers AI-powered Digital ID Solutions
Founding Year: 2018
Location: Selangor, Malaysia
Partner for: Facial Recognition Verification
Wise AI is a Malaysian startup that develops facial recognition technology. Using AI, the startup enables face recognition, digital identity, identity verification, and eKYC management tools. The startup’s WISE Digital ID is a single identification solution that enables users to access services by using their face ID on their phone. It’s the digital identity app that gives users a simple, fast, and secure way of proving their identity online. The digital identity solution keeps users safe from identity theft, fraud, and data breaches.
Verif-y enables ID Verification without Data Storage
Founding Year: 2016
Location: Philadelphia, USA
Funding: USD 700 000
Industries: Finance, Healthcare, Education
Partner for: Compliance, Data Security
Verif-y is a US-based startup that offers a digital identity and credential verification solution. It enables users to own and manage their digitally verified identity and decide who can view their information. By providing approved and accurate identity information instantaneously, the startup’s solution enables third-party verifiers to improve compliance, reduce time spent, and save money. Further, the platform allows organizations to seamlessly authenticate counterpart identities without needing to see or store the data.
Discover more Biometrics Startups
Startups such as the examples highlighted in this report focus on biometrics and AI-based digital ID management, anonymous data sharing, and compliance management. While all of these technologies play a major role in advancing biometrics, they only represent the tip of the iceberg. To explore more digital biometrics technologies, simply get in touch to let us look into your areas of interest. For a more general overview, you can download one of our free Industry Innovation Reports to save your time and improve strategic decision-making.