About
iProov provides facial biometric authentication for governments and enterprises globally. Customers include US Department of Homeland Security, UK NHS, UK Home Office, and Singapore GovTech. First biometrics vendor certified to NIST 800-63-4 standards. Raised $70M from Sumeru Equity Partners. Named Cool Vendor by Gartner and Innovation Leader by KuppingerCole. 2024 threat report tracked 2,665% increase in virtual camera attacks.
Key Facts
- [1]Funding: Total funding: $77M. Last round: Nov 2023. Stage: Growth.
- [2]Customers: Key customers include UK Home Office, US DHS.
- [3]Employees: Employee count: 201-500.
- [4]Website: Official website: iproov.com.
- [5]AI Technology: Core AI/ML technologies: Computer Vision.
- [6]Region: Region: EMEA (United Kingdom).
Founder
Andrew Bud
Founder & CEO
Key Customers & Partners
AI Technology
Computer Vision
Image and video processing, OCR, and document extraction
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is iProov?
iProov provides facial biometric authentication for governments and enterprises globally. Customers include US Department of Homeland Security, UK NHS, UK Home Office, and Singapore GovTech. First biometrics vendor certified to NIST 800-63-4 standards. Raised $70M from Sumeru Equity Partners. Named Cool Vendor by Gartner and Innovation Leader by KuppingerCole. 2024 threat report tracked 2,665% increase in virtual camera attacks. iProov is classified in the Risk & Compliance segment at the Models layer of the financial AI stack.
Who founded iProov?
iProov was founded by Andrew Bud (Founder & CEO).
How much funding has iProov raised?
iProov has raised $77M in total funding, placing the company at the Growth stage. The most recent round closed in Nov 2023. Among 74 funded Risk & Compliance companies, iProov ranks #39 by total capital raised. (Source: AIFI Map directory.)
What AI technology does iProov use?
iProov primarily leverages Computer Vision technology. Image and video processing, OCR, and document extraction. Within the Risk & Compliance segment, 17 companies use this technology.
What market segment does iProov operate in?
iProov operates in the Risk & Compliance market segment. AI risk and compliance companies protect financial institutions from fraud, money laundering, identity theft, and regulatory violations. This is one of the largest and most critical segments in the AI finance landscape, as the cost of financial crime and non-compliance runs into the hundreds of billions annually.
Where is iProov headquartered?
iProov is headquartered in London, United Kingdom. The company operates in the EMEA region. The team consists of 201-500 employees. United Kingdom is home to 33 financial AI companies tracked by AIFI Map.
Who are iProov's competitors?
Companies similar to iProov in the Risk & Compliance space include Feedzai ($431M raised), Sardine ($170M raised), Hawk AI ($83M raised), Resistant AI ($55M raised), Flagright ($8M raised). These companies operate in related areas of financial AI: Feedzai focuses on ai-native fraud and financial crime prevention platform for major banks. Sardine focuses on ai risk platform for fraud, credit, and compliance. Hawk AI focuses on ai-powered aml and fraud detection for banks and fintechs. (Based on AIFI Map classification data.)
What products does iProov offer?
iProov builds models-layer solutions for the financial services industry. The company's core offering: AI facial biometric authentication. The platform is powered by Computer Vision technology. Notable users include UK Home Office, US DHS.