Veridium vaults with $16.5M, PlainID procures $11M, Facebook fetches Bloomsbury AI: Friday Deal Book for 07/06/2018

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 rounds for Veridium and PlainID, Security Card Concepts and Idemia land a €9 million deal in Ireland, Facebook buys Bloomsbury AI to improve natural language technology, and more.

Veridium closes $16.5M round

The Series B was led by U.K. entrepreneur Michael Spencer, with participation from Citrix Systems and investor Michael Powell. Veridium plans to use its $16.5 million to accelerate development of its multifactor biometric authentication platform. The company also said it will scale its sales and marketing infrastructure across the Americas, Europe, and Asia. Veridium was recently selected by a multinational Swiss bank to replace the use of passwords, tokens and swipe cards. [Read more]

PlainID nets $11 million round

The authorization platform’s Series A round was led by Viola Ventures, with participation from Capri Ventures, Springtide Ventures, and iAngels. PlainID plans to build on recent strategic wins with Fortune 500 companies, and will use the funds to expand its U.S. sales and marketing operations, as well as customer support and R&D. PlainID technology allows enterprises to control authorization policies in real-time through an agnostic master policy layer. The platform is said to offer a clear understanding of every authorization level, including in the cloud, via mobile, and on-premises. [Read more]

Facebook acquires London’s Bloomsbury AI in fake news fight

The purchase is said to be valued between $23 million and $30 million. The U.K. startup has built natural language processing technology intended to help machines answer questions based on info found in documents. Citing sources familiar with the deal, TechCrunch reported that Facebook plans to leverage the AI to help fight the proliferation of fake news on the social network. Bloomsbury AI offers an API called Cape, allowing developers to add question and answer capabilities to websites and documents. [Read more]

Security Card Concepts, Idemia €9 million Irish contract for public services cards

The deal will see Security Card Concepts, formerly known as Biometric Card Services, print up to two million public services cards. The company that won the deal is a consortium owned by Idemia and Smurfit Kappa, and Idemia Vice President Isabelle Lauzon serves as a director with Security Card Concepts. More than €60 million has been spent on Ireland’s card project to date, and officials have said it is already saving money by cutting down on fraud. [Read more]

Tenable files to go public on NASDAQ

The cybersecurity firm plans to trade under the ticker symbol TENB. Tenable offers a Software-as-a-Service product that is designed to detect vulnerabilities while offering security professionals the ability to manage and measure risk. Tenable was last valued at $550 million in 2015, when it saw a $250 million round led by Insight Venture Partners and Accel. [Read more]