AI-Powered Identity Verification and Document Authentication

• 

  Prove Identity, Inc.

  New York, New York, United States

  Prove Identity, Inc., branded as Prove, is a global leader in digital identity verification and authentication, providing a cloud-based platform that replaces high-friction methods like passwords and SMS OTPs with a passive, device-based approach. Founded in 2008 as Payfone and rebranded in 2020, the company has grown into a comprehensive identity infrastructure provider for the AI era, serving over 2,000 enterprises including 19 of the top 20 U.S. banks, major cryptocurrency exchanges, retailers, healthcare providers, and insurers. Prove’s technology uses the mobile phone as a privacy-first identity anchor, leveraging network intelligence, device reputation, and behavioral signals to verify users without manual input. The company holds more than 200 patents, has raised approximately $155 million in venture funding, and achieved a $1 billion valuation in 2023. With a headcount of around 573 employees and offices in New York, India, and Brazil, Prove processes billions of transactions annually and has been recognized on Deloitte’s Technology Fast 500 list for six consecutive years.

• 

  IDVerse

  Sydney, Australia (business unit of LexisNexis Risk Solutions; parent company headquartered in metro Atlanta, Georgia, USA)

  IDVerse is an AI-powered identity verification and document authentication provider, originally founded as OCR Labs in Sydney, Australia in 2017. The company's deep neural network platform can verify over 16,000 types of identity documents globally, performing up to 300 automated checks per document for tampering and forgery, while also executing biometric liveness detection and face-matching with a reported 99.998% accuracy. IDVerse is distinguished by its Zero Bias AI technology, which uses regenerative AI to reduce demographic bias, and its ability to combat advanced fraud vectors such as deepfakes and injection attacks. In February 2025, IDVerse was acquired by LexisNexis Risk Solutions, a RELX company, and now operates as a stand-alone brand within its Business Services segment. The solution is integrated into LexisNexis platforms like RiskNarrative and Dynamic Decision Platform, and is used across financial services, insurance, crypto, and telecommunications for account opening, KYC/AML compliance, and fraud prevention. Prior to acquisition, IDVerse raised $46 million in funding from investors including Equable Capital. The company serves a global client base and continues to be led by CEO John Myers from its Sydney headquarters.