From: RegTech Analyst
Identity verification and authentication platform AU10TIX has raised $20m from Oak HC/FT, the venture capital fund spun out of Oak Investment Partners.
The company says it will use the money to further distinguish itself in the growing identity verification and document verification market.
“AU10TIX has established itself as a leader in global customer onboarding and forensic level identity authentication, and is distinguishing itself through advanced machine learning, talent acquisition, and global expansion through new investments and an unmatched customer base,” said Ron Atzmon, CEO at AU10TIX.
Commenting on the venture fund’s investment, Matt Streisfeld, partner at Oak HC/FT, said, “AU10TIX’s end-to-end solution is transforming the way Fortune 500 companies across industries verify and authenticate their users. We are thrilled to partner with AU10TIX as their vision leads the industry forward and the company continues its significant momentum.”
The news comes after AU10TIX raised $60m from TPG, the equity house, in August.
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