Facebook acquires Confirm.io, a biometric ID verification startup

Facebook acquires Confirm.io, a biometric ID verification startup

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Facebook has acquired Confirm.io. The startup offered an API that allows enterprises to quickly verify someone’s government-issued identification card, such as a driver’s license, was authentic. The Boston-based startup will close its operations as both its team and technology are rolled into Facebook.

Since its inception three years ago, Confirm.io has been successful in raising at least $4 million from investors such as Cava Capital. The 2015 seed round funded advanced forensics used to pull information from an ID card, along with facial recognition and mobile biometrics to confirm a person’s identity before the startup deleted the personal data.

Clients of Confirm.io could quickly integrate the technology, which expedited on-demand startup staff onboarding. Notarize used it to authenticate the identity of customers looking to file documents, while food delivery service Doordash used Confirm.io to verify its drivers.

Technology to confirm identities of Facebook users

On the acquisition, the startup shares that when they had launched, their mission was to become the market’s trusted identity origination platform for which other multifactor verification services can build upon. Now by joining Facebook, they are ready to take the next step on their journey. It is expected that Facebook will use the technology to have its users confirm their identities if they’re locked out of their accounts after losing their password or after being hacked.

Source: TechCrunch



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