N26 nets $160M, Samsara snags $50M: Friday Deal Book for 03/23/2018

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 March 23, 2018.

German mobile bank N26 raises $160 million

The Series C round was led by Tencent and Allianz, with some existing investors also participating. The direct bank offers services across Europe, and currently has 850,000 customers, with plans to reach 5 million users by 2020. N26 offers a free basic account with a debit MasterCard, supplemented by investment products, a premium MasterCard, and more. Verification of mobile users is completed via video chat with partner IDnow. [Read more]

Enterprise IoT system maker Samsara gets $50M

The funding came from investors Andreessen Horowitz and General Catalyst, and will be used to accelerate new-product innovation, as well as supporting customer growth in transportation and logistics. Samsara’s transportation business has been adding 1,700 new customers each quarter. The company offers a complete data platform for operators, combining real-time GPS tracking, wireless sensors, video, and mobile applications with software that improves the efficiency of operations. Samsara’s IoT platform combines plug-and-play hardware with scalable cloud-based software, helping to improve operational efficiencies for thousands of customers. To date, it has raised $130 million. [Read more]

Yoti wins contract for Jersey digital ID

The U.K.-based digital identity platform will serve as the backbone for a new digital ID system in the country of Jersey. With Yoti, citizens will be able to prove who they are when dealing with the Jersey government both online and in person, and also log into government websites. The all-digital system will allow citizens to leave valuable identification documents at home, verifying who they are with their phone to both government officials and private businesses. [Read more]

Averon raises $5M for identity cybersecurity

The latest funding round was led by Salesforce CEO Marc Benioff and Avalon Ventures. Averon plans to use the $5 million to expand its team, in addition to building new technologies and enhancing its current services. The company uses real-time mobile network signals from a user’s smartphone and its SIM or eSIM chip to identify users. [Read more]

Salesforce buys MuleSoft for $6.5 billion

Benioff’s Salesforce has agreed to acquire the fellow U.S. software maker, which maintains a cloud-based customer relationship management application. MuleSoft software automatically integrates disparate data, devices and applications to help company networks run faster. MuleSoft will power the new Salesforce Integration Cloud, enabling enterprises to access data from anywhere. [Read more]