Mesosphere makes $125M, Learning Machine lassos $3M, Yobe yields $1.8M: Friday Deal Book for 05/11/2018

May 11, 2018
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OWI’s Friday Deal Book provides you with a weekly roundup of partnerships, funding, and announcements from across the identity industry. Here’s a quick peek at what you need to know for the week ending May 11, 2018.

Cloud IAM provider Mesosphere raises $125 million

The Series D round comes from T. Rowe Price Associates and Koch Disruptive Technologies, with additional contributions from ZWC Ventures, Qatar Investment Authority, and Disruptive Technology Advisors. Mesosphere builds a hybrid, multicloud architecture to automate data centers. Is flagship product, DC/OS, allows clients to manage multiple data centers or cloud deployments as if they were one. DC/OS includes flexible user identity management with fine-grained access control. [Read more]

Learning Machine raises $3M for securing education credentials in blockchain

The round was led by Dave Fields of PTB Ventures. Learning Machine looks to automate the management of critical documents in education, such as transcripts, diplomas, and resumes. The company launched at the MIT Media Lab and Sloan School of Management in 2017, and MIT is a design partner for the service, which secures credentials on the blockchain. Learning Machine hopes to work with universities to set up and manage its technology, which is available as part of an open standard dubbed BlockCerts. [Read more]

Yobe raises $1.8M for voice recognition

The seed funding came from Clique Capital Partners, and arrives before the company plans to launch a product this summer. Yobe’s voice technology uses AI to identify and isolate individual voices in noisy environments, enhancing voice control services by addressing what is dubbed the “cocktail party problem.” It previously received $990,900 in angel funding and a National Science Foundation SBIR grant. [Read more]

Danal takes investment from Hansol Secure for mobile identity services in Asia

The new joint venture is a strategic partnership that will allow Danal to expedite its presence throughout the region, which it hopes will boost the time to market for customers. Together, the companies plan to provide advanced multi-modal authentication and security solutions that enable remote digital customer registration, verification, authentication and fraud mitigation services. Industries targeted by the service include finance, healthcare, ecommerce, hospitality, and more. [Read more]

Blockpass integrates with Myki, bringing cloudless password security to self-sovereign identity

The two companies say the partnership will allow users to securely manage their own identity verification documentation, with confidence that their personal data is encrypted and secure. Blockpass builds a self-sovereign identity application for regulated industries, ensuring KYC and AML compliance without the need for third-party data storage. The Myki service lets users securely store passwords, credit cards, notes, official documents, and more offline on their smartphone, without any form of cloud storage. [Read more]