Israel’s Identiq raises big Series A round; Blend pulls in $10 mn

 Israel’s Identiq raises big Series A round; Blend pulls in $10 mn

Identiq, an Israeli company that’s building an anonymous identity validation network, has raised $47 million in a Series A round of funding led by Insight Partners and Entrée Capital.

Software company Amdocs and the Sony Innovation Fund by Innovation Growth Ventures joined the round, Identiq said in a statement.

Existing investors, including Vertex Ventures Israel, Oryzn Capital and Slow Ventures, chipped in as well.

Identiq says it is building a peer-to-peer identity validation network that will enable companies to jointly validate consumer identities, payment details and other sensitive information without sharing any private data.

The Tel Aviv-based company plans to use the fresh capital to accelerate growth and add more members to its network.

Insight Partners co-founder Jeff Horing, who will join Identiq’s board of directors, said the startup is enabling the largest companies in the world “to collaborate in fighting fraud” and solving “complex data and privacy issues”.

The investment firm backs high-growth technology and software companies. It has invested in more than 400 companies worldwide since 1995 and has raised over $30 billion in capital commitments for its multiple funds.

Fortissimo doubles down on Blend

Blend, earlier known as OneHourTranslation, has completed a $10 million funding round to fuel its growth.

Israel- and US-based Blend said in a statement that existing private equity investor Fortissimo Capital led the round.

The company says it uses OneHourTranslation’s artificial intelligence-driven language technology, 25,000 linguists, and advanced tech stack to help global brands establish a native presence in different markets worldwide.

Blend helps brands localize their business offerings based local context, culture and consumer behavior. It offers localization services such as content translation, global marketing and regulatory services.

The company operates from its offices in Tel Aviv, Los Angeles, Shanghai, Kyiv and Bucharest.

Aman Malik

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