ID.me has reportedly been valued at $1.8 billion following a tender offer. That’s up from $1.73 billion two years ago, Bloomberg News reported Monday (Nov. 25), citing a source familiar with the matter. The transaction was led by new investor Ribbit Capital, with existing investors Viking Global Investors...
ID.me is reportedly aiming for a $1.8 billion valuation in a share sale. As Bloomberg News reported Tuesday (Oct. 8), sources close to the matter say the company itself is not selling the shares, but will let employees and early investors sell their shares. One...
While apparently attempting to promote the need for its identity verification services, facial recognition company ID.me overstated the amount of fraud around pandemic-related federal funds and understated the delays caused by its processing of applications. Those are among the findings of two Congressional committees that...
U.S. Sen. Ron Wyden, D-Ore., on Wednesday (May 18) wants the Federal Trade Commission (FTC) to investigate whether identity verification services provider ID.me, which is used by federal and state agencies, made “multiple misleading statements” about its facial recognition use. Wyden wrote a letter to...
November 12, 2018
It started in the early 1980s: The nation began to repent for what was commonly viewed as the shabby treatment of Vietnam War veterans. It caught speed in the early 1990s upon completion of the Gulf War. Later that decade, in a cultural movement that included the publication of The Greatest Generation and the release […]
May 28, 2018
It was two weeks before Blake Hall’s unit would deploy for combat in Iraq, and suddenly he and his 32 men were being told they weren’t going into direct combat...
September 11, 2017
What have we learned from the Equifax hack? Maybe nothing? Maybe everything? Maybe something in between? The stats are alarming, of course. Equifax, which is one of the triumvirate of major consumer...
April 07, 2017
Cyberspace is opening up new battle fronts between individuals, corporations and even nations. At Innovation Project 2017, former Supreme Allied Commander of NATO Jim Stavridis and a panel of cyber...
September 03, 2025
Digital identity wallet ID.me raised $340 million across Series E financing, announced Wednesday (Sept. 3), and a credit facility, announced earlier. The latest financing values that company at over $2 billion, it said in a Wednesday press release. That valuation is up from the $1.8 billion at which ID.me was valued in November. ID.me said in the Wednesday release that it will use the […]
November 25, 2024
ID.me has reportedly been valued at $1.8 billion following a tender offer. That’s up from $1.73 billion two years ago, Bloomberg News reported Monday (Nov. 25), citing a source familiar with the matter....
October 09, 2024
ID.me is reportedly aiming for a $1.8 billion valuation in a share sale. As Bloomberg News reported Tuesday (Oct. 8), sources close to the matter say the company itself is...
November 17, 2022
While apparently attempting to promote the need for its identity verification services, facial recognition company ID.me overstated the amount of fraud around pandemic-related federal funds and understated the delays caused...