Presidio Identity raises $3.5M, 3Divi $2M as biometrics investment bonanza continues>
Bio Metric Update – Alessandro Mascellino
Digital identity solutions provider Presidio Identity has announced the closing of a $3.5 million second round of funding. The San Francisco-based company specializes in biometric KYC and digital identity solutions designed to eliminate account takeovers, identity theft, and identity fraud.

The Seed Plus round was led by Pelion Venture Partners with the participation of previous investors Salesforce Founder Marc Benioff, Splunk CEO Doug Merritt, and others.

The fresh funds bring the total invested in the company to $5 million. According to Presidio, they will be used to expand its sales and marketing efforts, as well as to grow product operations for its digital identity solutions.

3Divi has raised $2 million in funding from the NTI Venture Fund to further improve the companyâs biometric algorithms for face and body recognition, as well as its computer vision as a service (CVaaS) platform.
Link: https://www.biometricupdate.com/202110/presidio-identity-raises-3-5m-3divi-2m-as-biometrics-investment-bonanza-continues