Next Insurance nets $83M, globaliD gets $6M, Blink Identity boosted by $1.5M: Friday Deal Book for 07/13/2018

OWI’s Friday Deal Book provides you with a weekly roundup of partnerships, funding, and product announcements from across the identity industry. This week, funding rounds from Next Insurance, globaliD, and Blink Identity, plus deals involving Centrify, Jumio, and AlienVault.

Insurtech provider Next Insurance raises $83 million

The Series B round was led by Redpoint Ventures, with support from Nationwide Insurance, Munich Re, American Express Ventures, Ribbit Capital, TLV Ventures, and Zeev Ventures. Israel-based Next Insurance plans to use the funds to expand across the U.S., where it operates as a full-service insurance carrier, as well as boosting staffing. The company specializes in insurance plans for small businesses that are not typically targeted by traditional insurance providers. Specialty areas include contractors, fitness, cleaning, beauty, therapy, entertainment, and education. To date, Next Insurance has raised $131 million. [Read more]

Portable identity company globalID raises $6 million

The Series A round featured returning investors Arbor Ventures, Altair Ventures, 500 Startups, and HardYaka, while Monex Ventures joined. GlobaliD said the money will be used to scale its teams and products, and also execute for its growing portfolio of customers. The San Francisco-based company saw its CEO, Greg Kidd, named to OWI’s list of Top 100 Influencers in Identity earlier this year. GlobaliD’s decentralized portable identification is user controlled, allowing people to access necessary permissions in a secure, private and trusted manner. [Read more]

Blink Identity gets $1.5 million for identification at live entertainment venues

The seed round was led by Sinai Ventures, with participation from Live Nation, Techstars, and other live entertainment related funds. The company has also secured an initial partnership with Live Nation, which is the world’s largest entertainment company, in which Blink Identity will leverage early pilot programs at a variety of venues. Blink’s identity-in-motion technology identifies people through biometric facial recognition at full walking speed. Its founders previously developed biometric technology for the U.S. Department of Defense. [Read more]

Jumio teams with Backbase, forming global alliance for AI-powered identity verification

Customers on the Backbase digital banking platform can add Jumio’s online identity verification capabilities to enhance the onboarding experience. Jumio is a provider of AI-powered trusted identity as a service, while Backbase aids financial institutions with a digital banking platform through its Open Banking Marketplace. With Jumi, those on the marketplace can compliantly vet new users, simplify onboarding, and reduce online fraud. [Read more]

Thoma Bravo to buy majority in Centrify

Thoma Bravo will reportedly buy the interest in Cetrify owned by Mayfield, Accel Partners, and Index Ventures. Centrify, a cybersecurity company that provides user-verification software, posted sales more than $100 million in fiscal 2017. The acquisition puts Centrify in a portfolio at Thoma Bravo alongside DigiCert, Bromgra, and LogRhythm. [Read more]

AT&T buys cybersecurity company AlienVault

The terms of the deal were not disclosed, though AlienVault has raised around $120 million to date from backers such as Intel Capital, Kleiner Perkins Caufield & Byers, and GGV Capital. Previously there had been rumors that the company could go public. AT&T has said the purchase will allow it to expand its enterprise-grade security solutions portfolio and offerings to millions of small- and medium-sized businesses. AlienVault specializes in threat intelligence, allowing organizations to identify and respond to cybersecurity attacks. [Read more]

MLB, Clear expand partnership for fingerprint, facial recognition as ballpark ticket

The multi-year deal is with Major League Baseball, as well as the league’s ticketing partner, Tickets.com. Clear will enable members to link their Clear profile with their MLB.com account. This will enable fingerprint scans as tickets in the near future, with plans for facial recognition to replace tickets in the long term. MLB and Clear plan a pilot program this season, and a broader rollout at ballparks where both Clear and Tickets.com have relationships beginning in 2019. Clear is used at 13 sports facilities across MLB, MLS and NBA, including nine MLB ballparks: Yankee Stadium, SunTrust Park, Oakland-Alameda County Coliseum, Marlins Park, AT&T Park, Comerica Park, Citi Field, Coors Field, and Safeco Field. [Read more]