Global identity verication provider Ondo today announced that it’s raised $50 million in funding led by Softbank Investment and Salesforce Ventures, with participation from M12 (formerly Microsoft Ventures), FinVC, and others. It brings the San Francisco company’s total venture capital raised to over $100 million, following a $30 million series C in September 2017 and a $25 million raise in April 2016, and will be used to “accelerate” its product development and expansion into Europe and Southeast Asia. “We’re seeing new data breaches occur every day, resulting in millions of people’s private data ending up on the dark web,” said CEO and cofounder Husayn Kassai. “With this new funding, we can protect more businesses, in more countries — and in more ways — from the eects of fraud.” Recommended videos Powered by AnyClip BUSINESS Ondo raises $50 million for AI-powered identity verication KYLE WIGGERS @KYLE_L_WIGGERS APRIL 3, 2019 5:00 AM Above: Ondo: ID Checking
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Ondo raises $50 million for AI-powered identity verication...Global identity verication provider Ondo today announced that it’s raised $50 million in funding led by Softbank Investment
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