In a recent funding round, Brazilian identity verification startup Incognia raised $31 million in a Series B round led by Bessemer Venture Partners. Other participants in the round included FJ Labs, Valor Capital Group, Point72 Ventures, and Unbox Capital. This funding comes 19 months after the company’s $15.5 million Series A in June 2022, bringing their total raised to $46.5 million. The capital will be used to invest in technology development and global expansion.
Incognia offers a fraud prevention and authentication solution that combines tamper-resistant device fingerprinting with precise location data. Since its founding in 2020, the company claims to have protected over 378 million devices worldwide. The investment and partnership with Bessemer Venture Partners will provide additional expertise in the fraud prevention space, which is crucial as fraudsters become more sophisticated with advancements in Generative Artificial Intelligence and the global implementation of real-time payment systems.
