Mitek acquires A2iA for €42.5M, Cubeiq culls $27M, Valimail victorious with $25M: Friday Deal Book for 05/25/2018

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 May 25, 2018.

A2iA acquired by Mitek for €42.5 million

A2iA, an artificial intelligence and image analysis company, will double the size of the existing Mitek Labs team, making it the largest private research group of PhD scientists in computer vision, machine learning, and artificial intelligence for the industry. Mitek Systems is the maker of digital identity verification solutions, and its software is deployed in 6,100 U.S. banks, including 10 of the top 10 largest U.S. financial institutions. A2iA is already used by top U.S. banks, all U.K. banks, 90 percent of banks in France and Brazil, and more than 75,000 ATMs nationwide. A2iA’s technology can create proprietary algorithms to process millions of checks, IDs and documents each day for banks, retailers, insurance companies, mobile operators, healthcare providers, and governments in more than 42 countries. [Read more]

Cuebiq’s $27 million will advance data privacy initiatives

The Series B round was led by Goldman Sachs Principal Strategic Investments, Nasdaq Ventures, DRW Venture Capital, Tribeca Venture Partners, and existing invesotrs Tribeca Angels and TLcom Capital. Cubeiq is a location intelligence and consumer insights company, analyzing anonymous location patterns to understand customer habits offline. The data helps marketers with physical retail locations understand consumer trends, analyst store performance, and measure market activation effectiveness, helping them better compete with online retailers. Cubeiq officials emphasized their commitment to data privacy in the investment round, saying the money will help it develop a proprietary app that will enhance transparency by providing users with ways to exercise their right to privacy. [Read more]

Valimail gets $25 million to put a stop to phishing attacks

The Series B round was led by Tenaya Capital, with participation from Shasta Ventures, Flybridge Capital Partners, and Bloomberg Beta. Valimail’s cloud-based platform uses automation to help companies establish the authenticity of emails. The goal is to prevent fraudsters from tricking businesses into thinking the sender is someone legitimate, an act known as phishing. Clients of Valimail include Uber, Yelp, WeWork, and Fannie Mae. [Read more]

Realeyes nets $16.2 million to recognize user reactions

Another Series B round, it was led by Draper Esprit, with participation from Karma Ventures and Harbert European Growth Capital. Realeyes technology is used on an opt-in basis, detecting slight changes in a user’s facial expressions while watching marketing videos. The user’s face, captured from their computer’s webcam, is analyzed via artificial intelligence, allowing marketers to better tailor their ads to consumer desires. [Read more]

TruStory raises $3 million to spot ICO scams

The round was led by True Ventures with participation from Pantera Capital, Kindred Ventures, Homebrew, Coinbase Ventures, Wonder Ventures, Abstract Ventures, and Dream Machine. The company plans to vet the legitimacy of projects or people to assess risks with new initial coin offerings. Contributors will include scientists and researchers, who will earn tokens, reputation and influence for validating identities or finding flaws. Initially the crowdsourced effort will analyze ICO whitepapers, but it will eventually expand to analyze other claims. [Read more]

Ping Identity single sign-on adopted by Coalfire

Coalfire provides cybersecurity advisory services in industries such as the cloud, financial services, healthcare and government. Roughly 40 percent of its workforce is in mobile environments, leading it to turn to the Ping Identity Platform to help employees seamlessly authenticate from multiple devices. Coalfire is looking to remove its dependency on office-based servers, and is migrating a range of applications to the cloud. [Read more]

Centrify Analytics will integrate with Palo Alto Networks Application Framework

Centrify has built an app for the Palo Alto Networks Application Framework that will integrate logging and analytics information, allowing for stronger identity and access security. The analytics service will utilize data and user information from the Palo Alto Networks Logging Service to build out more comprehensive user profiles and risk scores for more secure authentication and access results. In one example given by the companies, Palo Alto Networks Traps could detect when a user downloads malware, and Centrify could use the risk context to bar the user from accessing certain resources, such as a CRM system or database server. [Read more]