About
Mitek (NASDAQ: MITK) provides mobile document capture and identity verification. FY2024 revenue $172M; Q4 revenue grew 15% YoY to $43M with 36% adjusted EBITDA margin. Trusted by 7,000+ organizations. Invented mobile check deposit (powers major US banks). $142M cash. Founded 1986 in San Diego.
Key Facts
- [1]Founded: Founded in 1986 in San Diego, United States.
- [2]Funding: Total funding: $202K. Last round: Jun 2018. Stage: Public.
- [3]Customers: Key customers include Wells Fargo, HSBC.
- [4]Employees: Employee count: 501-1,000.
- [5]Website: Official website: miteksystems.com.
- [6]AI Technology: Core AI/ML technologies: Predictive ML.
- [7]Region: Region: Americas (United States).
Founder
John Maraganore
Founder
Key Customers & Partners
AI Technology
Predictive ML
Traditional ML algorithms for classification, regression, and scoring models
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Mitek?
Mitek (NASDAQ: MITK) provides mobile document capture and identity verification. FY2024 revenue $172M; Q4 revenue grew 15% YoY to $43M with 36% adjusted EBITDA margin. Trusted by 7,000+ organizations. Invented mobile check deposit (powers major US banks). $142M cash. Founded 1986 in San Diego. Mitek is classified in the Risk & Compliance segment at the Applications layer of the financial AI stack.
Who founded Mitek?
Mitek was founded by John Maraganore (Founder) in 1986 in San Diego, United States. The company has been operating for 40 years.
How much funding has Mitek raised?
Mitek has raised $202K in total funding, placing the company at the Public stage. The most recent round closed in Jun 2018. Among 74 funded Risk & Compliance companies, Mitek ranks #74 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Mitek use?
Mitek primarily leverages Predictive ML technology. Traditional ML algorithms for classification, regression, and scoring models. Within the Risk & Compliance segment, 42 companies use this technology.
What market segment does Mitek operate in?
Mitek 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 Mitek headquartered?
Mitek is headquartered in San Diego, United States. The company operates in the Americas region. The team consists of 501-1,000 employees. United States is home to 324 financial AI companies tracked by AIFI Map.
Who are Mitek's competitors?
Companies similar to Mitek 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 Mitek offer?
Mitek builds applications-layer solutions for the financial services industry. The company's core offering: AI mobile document capture and verification. The platform is powered by Predictive ML technology. Notable users include Wells Fargo, HSBC.