C88 catches $28M from Experian, Naked Labs nabs $14M, ForgeRock forges 2Keys teamup: Friday Deal Book for 08/03/2018

OWI’s Friday Deal Book provides you with a weekly roundup of identity-focused partnerships, funding, and product announcements from across the data economy. This week, C88’s investment round is led by Experian, Naked Labs brings in $14 million, ForgeRock and 2Keys team up in Canada, Cisco buys Duo Security for $2.35 billion, Telegram launches ID verification, and much more.

C88 Financial Technologies raises $28 million

The Series C financing round for the Singapore-based transactional marketplace operator was led by Experian, with participation from ResponsAbility Investments, DEG, InterVest, FengHe Fund Management, Pelago Capital, and Fuchsia Venture Capital. Additional support came from earlier investors Monk’s Hill Ventures, Telstra Ventures, Kickstart Ventures, and Kejora Ventures. To date, C88 has raised over $45 million. Founded in 2013, C88 operates services in Indonesia, as CekAja.com, and the Philippines, as eCompareMo.com. C88 pre-verifies customers and determines whether they are eligible for financial products, and at what rate. The company has more than 50 million customers, divided between short-term loans ranging from 6 to 18 months, and longer plans in the 18-to-32-month range. C88 plans to use its Series C fund to help expand into Thailand. [Read more]

Naked Labs raises $14 million for 3D body scanning mirror

The Series A round was led by Founders Fund, with additional participation from NEA, Lumia Capital, Venture 51, Seabed VC, and others. The company sells a $1,395 Naked 3D Fitness Tracker, which is currently shipping to customers who preordered and is expected to see wider availability next quarter. The product includes a scale to measure weight and spin the user around, and a mirror that accomplishes a body scan in about 15 seconds. After using the device, users are given their body fat percentage, lean mass, fat mass, circumferences, and side-by-side comparisons with earlier body scans. The system relies on depth sensing cameras, rather than traditional cameras, to make users more comfortable about privacy. [Read more]

ForgeRock, 2Keys Corporation team up in Canada

The new partnership will see ForgeRock, provider of digital identity management solutions, collaborate with 2Keys on new digital identity and access management capabilities and services in the Canadian marketplace. Public and private sector customers in the Great White North will be able to combine the ForgeRock Identity platform and identity technology road map with 2Keys security, identity and access management tools. Together, they plan to provide customers, citizens, suppliers and employees the benefits of IAM, enabling digital service strategies such as IoT and mobile. [Read more]

Digital Guardian to bring User and Entity Behavior Analytics to Data Protection Platform

The new UEBA capabilities will complement Digital Guardian’s Data Loss Prevention features, enabling organizations to more closely align identity and user behavior with security policy and enforcement. The new UEBA feature uses machine learning to gain insight into user behavior, identifying potential malicious actions. The end product will aid organizations in detecting and preventing costly data loss. Digital Guardian is known for its core DLP platform, and the company raised a $66 million Series D of funding in December of 2015. [Read more]

Telegram launches ID verification

Telegram ID allows users to confirm their identity with third-party partners, allowing them to become verified without sharing any PII directly with other companies. The system holds user data in Telegram’s cloud, and then providing assurances of the user’s identity when they authorize it to be shared with third parties. The system is based on trust of Telegram’s verification and authentication. Market watchers expect the new platform to gain traction in crypto and blockchain development. [Read more]

DocuSign to acquire SpringCM for $220 million

The deal will see digital document e-signature company DocuSign integrate SpringCM’s cloud-based document generation and contract lifecycle management software. In particular, DocuSign highlighted SpringCN’s capabilities in document generation, redlining, advanced document management, and end-to-end agreement workflow. DocuSign said the acquisition will allow it to move beyond the e-signature to the rest of the document process, from peparing, to signing, action on, and managing agreements. [Read more]

Cisco will acquire Duo Security for $2.35 billion

The cash deal will see Cisco, which is growing its presence in cloud computing and IoT, pay cash for Duo Security, maker of zero-trust authentication and access products. The identity-based cybersecurity provider will see its services integrated into Cisco’s network, device and cloud security platforms, enabling customers to easily and securely connect users to any application on any networked device. Duo was a Featured Company in OWI’s IAM whitepaper released this summer, and its head of product design, Sally Carson, was named one of OWI’s Top 100 Influencers in Identity. [Read more]