SenseTime snags $620M, SignifyD seizes $100M, VASCO deals £41M for Dealflo – Friday Deal Book for 06/01/2018

OWI’s Friday Deal Book provides you with a weekly roundup of partnerships, funding, and product announcements from across the identity industry. This week, new funding was announced by SenseTime and Signifyd, VASCO bought a company and also changed its name, and more. Here’s a quick peek at everything you need to know for the week ending June 1, 2018.

SenseTime rakes in another massive $620 million

The “Series C+” round comes just a month after Alibaba led a $600 million round for the company, valued at over $4.5 billion. The latest funding for the Chinese artificial intelligence maker included Fidelity International, Hopu Capital, Silver Lake, Tiger Global, and Qualcomm. To date, SenseTime has raised more than $1.6 billion. The company has more than 700 customers in markets including fintech, smartphones, and smart cities. Its technology is also used by the Chinese government for identifying people through its national surveillance system. [Read more]

Signifyd gets $100 million for intelligent fraud protection

The Series D round was led by Premji Invest, with participation from Bain Capital Ventures, Menlo Ventures, American Express Ventures, IA Ventures, Allegis Cyber, and Resolute Ventures. Signifyd plans to use the funds to grow its ecommerce offerings for enterprise and omnichannel retailers. Its technology uses machine learning, behavior technology, and advanced data science research to identify fraudulent orders. It currently works with more than 10,000 retailers around the world, including Jet, Wayfair, iRobot, and Build.com. [Read more]

VASCO acquires customer onboarding provider Dealflo for £41 million

With the acquisition, VASCO has rebranded itself with the name OneSpan, and launched a new Trusted Identity platform. The all-cash deal for Dealflo gives it a leading provider of identity verification and end-to-end financial automation solutions. OneSpan specializes in digital identity security, transaction security, and business productivity. Dealflo is headquartered in London, but has its development center in Montreal, which is also the home of OneSpan’s largest development center. In addition, more than half of Dealflo’s customers are also OneSpan customers, including BMW, Santander, BNP Paribas, and Mercedes Benz. [Read more]

Email encryptor Virtu raises $37.5 million

The round was led by Iconiq Capital, with support from existing investors Bessemer Venture Partners, New Enterprise Associates, Samsung, Blue Delta Capital, and Soros Capital. With the funding, Virtu plans to expand and protect enterprise content stored in the cloud with services such as Dropbox and Google Drive. The company’s “Trusted Data Format” encryption protects each piece of content with its own unique encryption. Virtu also offers its own “Data Protection Platform” API, allowing companies to embed its encryption onto any platform. [Read more]

ID2020 Alliance Board of Directors gains four new members

The latest additions are Gavi CEO Dr. Seth Berkley, Microsoft Architect of Identity Kim Cameron, Digital Asset CEO Blythe Masters, and Accenture Blockchain Practice Managing Director and Global Head David Treat. ID2020 represents a global alliance of international non-governmental organizations, private companies, and UN agencies, all working together to solve the lack of recognized, formal identification for some 1 billion people around the world. [Read more]