Evident ID has raised $20 million toward the expansion of its artificial intelligence–driven identity and credential verification platform, according to a Yahoo Finance news release. The Series B financing will help Evident add AI components and improve pre-existing tech, which already includes facial recognition, crytopgraphy and machine learning. The platform offers identity verification based on such factors as business licenses, biometrics, insurance and criminal history while abiding by strict privacy standards. Evident saw the year-over-year growth of its customer base jump 300% from last year to this year. “With this new infusion of capital, we can scale to meet the increasing demands of current customers and marketplaces, as well as continue to grow in additional markets and industries including insurance, healthcare and financial services,” Evident CEO David Thomas said.
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