IdentityMind enters the Dragon, BehavioSec raises $17.5M: Friday Deal Book for 02/02/2018

OWI’s Friday Deal Book provides you with a weekly roundup of partnerships, funding, and product announcements from across the identity industry. Here’s a quick peek at what you need to know for the week ending Feb. 2, 2018.

IdentityMind Global launches regulatory compliance solution for ICOs

The turnkey SaaS solution enables KYC and AML checks on prospective ICO participants. Its compliance solution powers one of the world’s largest ICOs from Dragon Corporation, which is building a decentralized currency for casinos and gamblers valued at $500 million. To date, IdentityMind has over 40 clients on the ICO market that have raised more than $450 million. [Read more]

BehavioSec Series B will help it relocate to US

The behavioral biometrics specialist raised $17.5 million in the round, which was led by Trident Capital Cybersecurity. Contributions also came from ABN AMRO and Cisco investments, while returning investors were Conor Venture Partners and Octopus Ventures. The company is currently headquartered in Sweden, but is planning to move to the U.S. It is also set to launch authentication solutions for enterprise in early 2018. [Read more]

BigID raises $14M Series A for data protection compliance

The investment was led by ClearSky Security, Comcast Ventures, and the SAP.iO Fund, among others. The company’s product helps companies comply with the EU’s GDPR set to go into effect in May, as well as China’s Cybersecurity Law that took hold in December. BigID helps organizations tailor data to government requirements, at a time when most companies are still not prepared for GDPR. [Read more]

ThreatMetrix acquired by RELX for $817M

The digital identity provider boasts a massive database of 1.4 billion anonymized user identities. The acquisition will roll ThreatMetrix into RELX Group’s LexisNexis Risk Solutions business, under Risk & Business Analytics. The ThreatMetrix Digital Identity Network analyzes over 100 million transactions per day, across 35,000 websites from 5,000 customers. [Read more]

Nigeria plans to spend another $3.1B on digital ID program

The country’s vice president, Yemi Osinbajo, announced the estimated cost this week, pledging a world-class identity system. Nigeria has already invested some $1.2 billion U.S. on national ID projects since the 1970s. Nigera has modified its enrollment procedure for a digital national ID, reducing identity attributes from 75 to 10, to aid its progress. The nation hopes to have a unique identity for all in Nigeria in the next 3 to 5 years. [Read more]