Persona and Index Ventures discuss identification, and figuring out a very good deal
Id administration used to imply ensuring you had your driver’s license if you left the home, however today it’s not really easy: Id basically underpins how we interact with the digital world, and identification companies can tackle many kinds (and, sadly, abuses). I’m excited to host a TechCrunch Dwell occasion with Persona co-founder and CEO Rick Music, one of many early movers within the area, about how his firm recognized ID administration as a possibility.
This TechCrunch Dwell occasion takes place on Wednesday, Might 10, 2023, at 12:00 p.m. PDT. Register here for Hopin entry, the place viewers can ask questions and community with different attendees.
Together with Rick, Index Enterprise’s Mark Goldberg is talking on the occasion, too. Mark made a prescient transfer to identify and again Persona throughout its Sequence B fundraise and backed the corporate once more for its $150 million Sequence C.
Rick Music co-founded Persona with Charles Yeh in 2018, and in keeping with PitchBook, the corporate’s valuation is $1.5 billion as of Persona’s Sequence C in 2021. Since its founding, the corporate’s aim has remained the identical: present customers with a verification system to guard and safe identification from theft and fraud. The corporate raised a Sequence B in 2021 after seeing revenues soar 20x whereas customers elevated 5x. In late 2022, Persona launched new companies, increasing past establish verification with the launch of à la carte instruments, together with a threat evaluation engine, an identification workflow device, a graph database geared toward hyperlink evaluation and fraud detection, and a market for exterior builders to assist join their enterprise instruments to Persona’s identification instruments.
I hope you may be part of this TechCrunch Live occasion. Rick and Mark are set to offer actionable insights on how corporations can higher defend customers, and the way founders, constructing such companies, can stand out amongst their rivals.