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§ Private Profile · 101 Mission St, San Francisco, California 94105, US
AI-powered identity verification provider offering online authentication for enterprises, focused on eliminating fraud via biometrics.
Incode Technologies has raised $245.0M across 2 funding rounds.
Key people at Incode Technologies.
Incode Technologies has raised $245.0M in total across 2 funding rounds.
Incode Technologies provides AI-powered identity verification and online authentication solutions from its San Francisco, California headquarters. The company's platform offers secure, frictionless biometric technology, helping organizations across finance, healthcare, travel, and gaming verify that online users are genuinely who they claim to be, thereby eliminating fraud. Operating as a B2B software provider, Incode serves governments and leading companies requiring robust identity verification and fraud prevention. It achieved unicorn status with a $1.25 billion valuation following its Series B round in 2021 and employs staff across 26 countries. Recognized as a Leader in the 2024 Gartner Magic Quadrant for Identity Verification, the company's leadership includes Founder and CEO Ricardo Amper, alongside co-founders Jovan Jovanović, Alex Golunov, and Mariana Amper. Incode Technologies was founded in 2015 by Ricardo Amper.
Incode Technologies is a San Francisco-based identity verification company that builds the Incode Omni platform, an AI-powered, end-to-end omnichannel solution for secure authentication, onboarding, and fraud prevention.[1][2][3][4] It serves enterprises including financial institutions, governments, fintechs, banks, resorts, hotels, hospitals, and marketplaces, solving critical problems like fraud, KYC/AML compliance, and deepfake threats through frictionless biometric verification, passive liveness detection, facial recognition, and document authentication.[1][2][3][4] The company has shown strong growth momentum, achieving unicorn status in 2021 with a $1.25B valuation, expanding globally, completing acquisitions (MataMap in 2024 and AuthenticID in 2025), and earning consecutive Gartner Magic Quadrant leadership recognitions in 2024 and 2025, while processing 4.1B+ identity checks annually.[1][4]
With 600+ employees across 25+ nationalities, Incode emphasizes a "fraud-free mindset" and "one identity everywhere" vision, powering seamless experiences that boost conversion and protect privacy via superior AI models top-ranked by NIST for speed and accuracy.[1][3][4]
Incode was founded on June 17, 2015, in San Francisco by Ricardo Amper, its CEO, with the mission to transform identity verification into a secure, seamless process.[1] Amper's vision emerged from recognizing gaps in online authentication, leading to the 2017 launch of its first AI-powered biometric authentication solution.[1]
Pivotal moments include 2019's introduction of leading liveness detection technology and becoming the first company to pass iBeta Level 1 certification for passive liveness; 2021's unicorn achievement via Series B funding and global financial partnerships; 2022's iBeta Level 2 success and advanced 3D mask detection; 2024's Gartner leadership, MataMap acquisition, and 2025's AuthenticID acquisition plus repeat Gartner and Liminal recognitions.[1] This trajectory reflects rapid evolution from startup to enterprise leader in identity tech.[1][2]
Incode stands out in identity verification through proprietary AI, massive data scale, and enterprise-grade reliability. Key strengths include:
These enable "zero-friction, total trust" across customer and business use cases.[4]
Incode rides the explosive growth of digital identity verification amid rising AI-driven fraud, deepfakes, and regulatory demands for KYC/AML in fintech, government, and beyond.[2][4] Timing is ideal as global digital onboarding surges post-pandemic, with enterprises needing scalable defenses against sophisticated threats—Incode's biometric innovations like passive liveness position it ahead of fingerprint-only or basic recognition tools.[1][2][3]
Market forces favoring Incode include exploding identity fraud costs, biometric tech maturation (e.g., NIST/iBeta standards), and AI's dual role as threat and solution.[2][3][4] It influences the ecosystem by setting benchmarks for frictionless, privacy-focused verification used by top banks/governments, accelerating secure digital economies and "one identity everywhere."[1][2]
Incode is primed for continued dominance, leveraging its data moat, AI edge, and acquisitions to expand Omni into emerging areas like AI-era trust decisions and global business verification.[1][4] Trends like deepening deepfake battles, stricter compliance, and omnichannel biometrics will propel growth, potentially through more M&A or IPO paths. Its influence may evolve to shape standards for universal, secure identities, redefining trust in a hyper-digital world—echoing its founding vision of eliminating fraud before it starts.[1]
Key people at Incode Technologies.
Incode Technologies has raised $245.0M across 2 funding rounds. Most recently, it raised $220.0M Series B in December 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 1, 2021 | $220M Series B | Martín Escobari, Softbank | 50 Partners Impact, DN Capital, Partech Ventures, 3L Capital, Capital ONE Ventures, Coinbase Ventures, Dila Capital, Framework Ventures, J.P. Morgan, Silicon Valley Ciso Investments | Announced |
| Mar 1, 2021 | $25M Series A | DN Capital, 3L Capital | 50 Partners Impact, Partech Ventures, Dila Capital, FJ Labs, Framework Venture Partners, Walter Ventures | Announced |
Incode Technologies has raised $245.0M in total across 2 funding rounds.
Incode Technologies's investors include Martín Escobari, SoftBank, 50 Partners Impact, DN Capital, Partech Ventures, 3L Capital, Capital One Ventures, Coinbase Ventures, Dila Capital, Framework Ventures, J.P. Morgan, Silicon Valley CISO Investments.
