Berbix, a company that offers an automated instant identity verification platform, recently closed a $9 million funding round led by Mayfield with participation from existing investors like Initialized Capital, Y Combinator, and Fika Ventures. The funding brings the company’s total raised to over $10 million. The company will use this to expand the team further, especially the product and sales department. The company will also look forward to investing in new technologies to make the platform more secure and accurate.
Founded just two years ago, it helps companies verify their users’ identities using machine learning algorithms. The company claims it to be an effortless and reliable way to collect and instantly verify photo IDs. Eric Levine and Steve Kirkham started the company as co-founders, both of them served Airbnb in the Trust and Safety team.
Berbix uses the users’ smartphone to capture clear images by automatically rejecting blurred ones and detecting whether users are in front of their cameras or not. Then it verifies the picture and classifies it into any desired outcomes like accept, reject, or review and provides instant results. It checks the identity documents’ authenticity and then performs a biometric comparison between the ID and the selfie and then uses its algorithms for authentication of the ID. Berbix offers an SDK for web and mobile apps and API libraries in many languages. It also provides a mobile ID solution that can determine the authenticity of the ID through a barcode scan. Companies like Eaze, Life360, ShareGrid, Skip, and Caliva use the platform for ID verification of its users.
In the current pandemic situation, when in-person identity checks are not possible, and everything is getting digital, online identity verification sees an increase in demand. They are fast, cheap, convenient, and accurate.