TLDR:
- k-ID, a global compliance engine for online safety and privacy management, announced a $45 million Series A funding round.
- The funding round is led by Andreessen Horowitz and Lightspeed Venture Partners, with additional support from other major investors.
k-ID, a tech start-up dedicated to online safety and privacy management for kids and teens, recently closed a $45 million Series A funding round led by Andreessen Horowitz and Lightspeed Venture Partners. This funding round brings the total investment in the company to $51 million. k-ID specializes in creating safer online communities for youth by providing safety and privacy-by-design solutions for digital platforms. The company recently received recognition as a World Economic Forum Technology Pioneer for 2024.
Key points from the investor perspectives include Jonathan Lai from a16z emphasizing the importance of modern tools for online safety, Moritz Baier-Lentz from Lightspeed highlighting the unique founder-market fit and societal impact of k-ID, Austin Arensberg from Okta praising k-ID’s robust approach to ensuring safe online access, and Hyung Kim from Z Venture Capital commending k-ID’s innovative solutions for navigating regulatory challenges in the online gaming industry.
Additionally, k-ID announced a partnership with the ESRB Privacy Certified program to help game publishers obtain the ESRB Privacy Certified Kids Seal. The k-ID team, with members from renowned tech companies, is rapidly establishing itself as a promising start-up.
