Incode Technologies

Incode Technologies

Identity verification and authentication platform

About Incode Technologies

Simplify's Rating
Why Incode Technologies is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Government & Public Sector

Cybersecurity

AI & Machine Learning

Company Size

201-500

Company Stage

Series B

Total Funding

$257.1M

Headquarters

San Francisco, California

Founded

2015

Overview

Incode provides an identity verification and authentication platform that helps businesses identify legitimate users and prevent fraud. The platform uses an AI-driven, fully automated system to offer quick and seamless verification for genuine users, while also providing tools to re-engage customers and boost conversions. Incode's technology includes advanced features like deepfake detection and deterministic identity checks, making it effective against sophisticated fraud attempts. Their Verify solution is designed for enterprises to manage customer verifications throughout the user journey, while Incode Workforce uses facial biometrics for employee authentication to safeguard critical interactions. Additionally, Incode Age Assurance assists companies in adhering to age-related regulations. The goal of Incode is to enable businesses to achieve their security and compliance objectives, allowing them to concentrate on growth.

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Simplify's Take

What believers are saying

  • Incode's partnership with Okta enhances workforce identity security against AI-driven fraud.
  • Recognition in the 2024 Gartner Magic Quadrant boosts Incode's credibility in fraud detection.
  • Incode's acquisition of MetaMap expands its market share in North and Latin America.

What critics are saying

  • AI-driven fraudulent activities threaten Incode's traditional multi-factor authentication methods.
  • Deepfake technology advancements could undermine Incode's facial recognition solutions.
  • Integration challenges from MetaMap acquisition may disrupt service delivery and satisfaction.

What makes Incode Technologies unique

  • Incode leads in enterprise-grade facial recognition, recognized by the US Government.
  • Incode's AI-first platform offers low friction and instant verification for genuine users.
  • Incode's Verify solution supports customer verifications from account creation to ongoing authentications.

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Funding

Total Funding

$257.1M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:
Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$65M
Substack
$100M
ClickUp
$220M
Incode Technologies

Benefits

Meaningful Equity

Flexible Work Hours

Unlimited Paid Time Off

Wellness Program

401(k) Retirement Plan

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-2%

2 year growth

-2%
PR Newswire
Feb 13th, 2025
Incode And Okta Join Forces To Strengthen Workforce Identity Security

SAN FRANCISCO, Feb. 13, 2025 /PRNewswire/ -- Incode, a global leader in identity verification and fraud prevention, has announced a strategic partnership with Okta, a premier provider of identity and access management (IAM) solutions to enhance workforce identity security for organizations facing evolving digital threats.The partnership combines Incode's advanced biometric authentication technologies with Okta's Workforce Identity Cloud services, delivering a unified solution designed to secure digital networks, improve operational efficiency, and reduce disruptions."This partnership ensures enterprises can achieve unparalleled security without compromising agility or user experience," said Ricardo Amper, CEO and co-founder of Incode. "In a world increasingly shaped by AI and remote work, organizations require IAM solutions that not only adapt to current challenges but also anticipate future threats. Together, Incode and Okta are making that a reality."With the rapid transition to cloud-based systems, organizations are exposed to increasing risks, including AI-driven fraudulent activities that traditional multi-factor authentication (MFA) systems often fail to detect. By integrating Incode's and Okta's innovative technologies, enterprises can strengthen the security of workforce interactions across hybrid and distributed environments.Revolutionizing WIMThe partnership between Incode and Okta introduces cutting-edge solutions to enterprises seeking to enhance workforce identity management (WIM), avoid disruptions, and mitigate fraudulent activities. Key technologies offered through this collaboration include:Advanced Personhood Detection (APD): Real-time liveness detection, facial recognition, and document verification ensure that only authorized individuals access digital networks.Real-time liveness detection, facial recognition, and document verification ensure that only authorized individuals access digital networks

Incode
Dec 20th, 2024
Incode Workforce and Okta Team Up to Combat GenAI Fraud and Social Engineering

By integrating Incode Workforce's additional layer of security into Okta's IAM system, a new hire's identity is verified on day zero.

PR Newswire
Oct 24th, 2024
Incode Technologies Named A Leader In The 2024 Gartner® Magic Quadrant™ For Identity Verification

Incode Technologies has been recognized as a Leader, earning the top position for Completeness of Vision. SAN FRANCISCO, Oct. 24, 2024 /PRNewswire/ -- Incode, a top provider of world-class identity verification and authentication solutions for global enterprises, today announced it has been named a Leader in the 2024 Gartner Magic Quadrant for Identity Verification, recognized among 11 evaluated vendors. We believe this recognition highlights Incode's technological capabilities, particularly in fraud detection and innovation, which are increasingly critical as threats like deepfakes continue to rise. Ricardo Amper, CEO and Founder of Incode, said: "We're incredibly honored to be named a Leader in the Gartner Magic Quadrant. We feel this recognition reflects our technological capabilities and our strong partnerships with clients.  As the threat landscape evolves, especially with the rise of deepfakes, our proprietary technology ensures our clients are always prepared to meet these challenges head-on, delivering the highest levels of accuracy"

CNHI News
Oct 24th, 2024
Incode Technologies Named a Leader in the 2024 Gartner(R) Magic Quadrant(TM) for Identity Verification

Incode Technologies named a Leader in the 2024 gartner(r) Magic quadrant(tm) for Identity Verification.

Biometric Update
Sep 20th, 2024
Global IDV partnerships drive biometric integration in finance

AstroPay is integrating with Incode's identity and authentication technology, ID-Pal and CLOWD9 reveal a partnership to further strengthen identity verification processes in payment systems, and FacePhi is deploying facial recognition and identity verification technologies across FTS Money's platforms.

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Incode Technologies is Hiring for 12 Jobs on Simplify!

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Incode Technologies is Hiring for 12 Jobs on Simplify!

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