IT Pro is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission. Learn more

SentiLink raises $70 million for its identity verification platform

SentiLink’s ID Theft Score helps businesses combat synthetic fraud

Identity verification startup SentiLink has secured $70 million in a funding round led by Craft Ventures, bringing its valuation to $85 million.

The Series B funding round also saw participation from Felicis Ventures, Andreessen Horowitz, and NYCA. Per reports, Victoria Treyger and David Sacks from Felicis will serve as observers on SentiLink's board. 

SentiLink will use the funds to combat identity fraud in the US by expanding its product line and workforce.

“SentiLink’s growth trajectory is one of the fastest I've ever seen and their traction with companies from new startups to major US banks is impressive,” said David Sacks, co-founder and general partner at Craft Ventures. 

“All of this stems from the team’s deep understanding of fraud and identity. I learned about fraud attacks I didn't even think were possible from talking with Naftali and Max. We're excited to lead SentiLink's Series B and to support them as they transform how identity verification works in the US.”

SentiLink integrates disparate data sources to identify synthetic identities with unparalleled accuracy. Its ID Complete module matches the Social Security number (SSN) data across US identities to fill in incomplete or missing data. Synthetic Fraud and ID Theft Scores indicate the likelihood of application fraud. 

Related Resource

Preparing for AI-enabled cyber attacks

MIT technology review insights

AI icon against a laptop icon on a yellow background - whitepaper from DarktraceDownload now

What’s more, SentiLink’s Risk Operations team continuously monitors synthetic identities to develop consistent and accurate fraud labels.

“SentiLink is reinventing identity verification in the US. Despite businesses spending large amounts of time and money trying to figure out if people are who they say they are, identity fraud is rampant and real customers suffer from false positives and unnecessary friction,” said Naftali Harris, co-founder and CEO of SentiLink. 

Commenting on prerequisites, SentiLink said its real-time fraud detection solutions only require name, address, DOB, SSN, email, and phone number for assessing identity fraud.

Featured Resources

The Total Economic Impact™ Of Turbonomic Application Resource Management for IBM Cloud® Paks

Business benefits and cost savings enabled by IBM Turbonomic Application Resource Management

Free Download

The Total Economic Impact™ of IBM Watson Assistant

Cost savings and business benefits enabled by Watson Assistant

Free Download

The field guide to application modernisation

Moving forward with your enterprise application portfolio

Free Download

AI for customer service

Discover the industry-leading AI platform that customers and employees want to use

Free Download

Recommended

Equifax eyes increased fraud prevention capabilities with Midigator acquisition
cyber security

Equifax eyes increased fraud prevention capabilities with Midigator acquisition

27 Jul 2022
Fraud detection and prevention market to hit $176 billion by 2030
cyber crime

Fraud detection and prevention market to hit $176 billion by 2030

27 Jul 2022
What is zero trust?
network security

What is zero trust?

14 Jul 2022
Retbleed hardware-level flaw brings overhead woe to Intel and AMD
Hardware

Retbleed hardware-level flaw brings overhead woe to Intel and AMD

13 Jul 2022

Most Popular

Why convenience is the biggest threat to your security
Sponsored

Why convenience is the biggest threat to your security

8 Aug 2022
How to boot Windows 11 in Safe Mode
Microsoft Windows

How to boot Windows 11 in Safe Mode

29 Jul 2022
The benefits of a hardware update for SMBs
Sponsored

The benefits of a hardware update for SMBs

2 Aug 2022