Trust Stamp develops privacy-preserving identity solutions that apply advanced cryptographic techniques, deep neural networks and proprietary AI tools to biometric and other identity data, producing an Irreversibly Transformed Identity Token (IT2). Its technology is pitched to reduce fraud, improve user experience and promote financial and societal inclusion where identity infrastructure is lacking. The company completed a $6.5M Regulation A equity crowdfunding raise on SeedInvest to fund continued research and development of its identity products. Trust Stamp is dual headquartered in Atlanta (US) and Cheltenham (UK) and has over 50 employees worldwide with a reported pre-money valuation of $25M. The company participates in and is a graduate of multiple accelerator programs and is working toward a direct public listing on the Euronext Growth Market under the AIID ticker. Trust Stamp develops AI-powered authentication technology that transforms biometric and identity data into non-PII hashes called EgHash™ using advanced cryptographic techniques, deep neural networks and zero-knowledge proofs. The company announced approval of €1,000,000 from Malta Enterprise to establish and operate a wholly owned Malta subsidiary. The funding package combines a €200,000 grant with up to €800,000 in a low-interest loan intended to cover 75% of Malta-based employees' salaries, with loan repayment tied to 10% of the subsidiary's annual profits. The Malta subsidiary will host expanded R&D, a Post-Doctoral Fellowship Program, and serve as the base for a public-benefit arm called AiiD to work with NGOs and governments across Africa. Trust Stamp is dual-headquartered in the United States and United Kingdom and has existing locations in the United Kingdom, Poland and the Netherlands. The company is preparing to seek a direct public listing on the Euronext Growth Market, has reserved the AIID ticker, and appointed Davy Group as its designated Euronext Growth Advisor. Financially, the Malta funding parallels a separate $7,000,000+ raise that combined a Regulation A Tier II public offering on SeedInvest with direct investments from Mastercard International, Second Century Ventures and FSH Capital. Trust Stamp applies advanced cryptographic techniques and AI-powered presentation-attack detection to biometric and other identity data to produce a proprietary non-PII Hash called EgHash. An EgHash provides a tokenized identity that cannot be reverse engineered, can be matched and deduplicated using Trust Stamp’s probabilistic AI, and verified via zero-knowledge proofs. The company’s technology is used across humanitarian and development services, banking, FinTech, KYC/AML compliance, real estate, and law enforcement. Trust Stamp is led by CEO Gareth N. Genner and is headquartered in the Advanced Technology Development Center at the Georgia Institute of Technology in Atlanta, GA. It graduated from Mastercard’s Start Path accelerator in 2018. The company recently received a strategic investment from Mastercard; the amount was not disclosed. Trust Stamp applies patented artificial intelligence to analyze hundreds of public records and social data to verify individuals and generate a trustworthiness score. Its solution combines driver’s license analysis and proof-of-liveness photographic identification with data from more than 200 social media sites and public records, including criminal and sex offender databases. The company provides identity verification for real estate professionals meeting new clients or unknown individuals and has clients across multiple industries, including a major U.S. bank. Trust Stamp is launching a Facebook app to enable consumers to buy and sell in their local community through Facebook Marketplace. The company is also advancing blockchain technology to store and access data using techniques that the article says are immune to distributed denial of service attacks. Financially, Trust Stamp has received strategic funding from Second Century Ventures, though the amount was not disclosed.

Total raised

$8M

Funding rounds

5

Latest round

Equity

Latest activity

Sep 2020