What is Converus?
Headquartered in Lehi, Utah, Converus specializes in the development of high-accuracy credibility assessment tools. Its flagship product, EyeDetect, utilizes ocular-motor behavior analysis to identify deception with high precision, while IdentityDetect focuses on verifying personal credentials through motor nervous system responses. These proprietary technologies serve a critical role in mitigating risks associated with corruption, fraud, and security threats for both public and private sector entities. By digitizing the verification process, Converus provides a scalable alternative to traditional polygraph methods, positioning itself as a leader in the burgeoning field of behavioral biometrics and identity assurance.
How much funding has Converus raised?
Converus has raised a total of $7M across 5 funding rounds:
Other Financing Round
$1.3M
Other Financing Round
$1.4M
Other Financing Round
$3.9M
Debt
$150K
Debt
$286K
Other Financing Round (2013): $1.3M with participation from Alta Ventures Mexico
Other Financing Round (2014): $1.4M led by Molecular Cloud, Peak Ventures, Alta Ventures Mexico, and Kickstart Seed Fund
Other Financing Round (2017): $3.9M supported by Alta Ventures Mexico
Debt (2020): $150K featuring PPP
Debt (2021): $286K backed by PPP
Key Investors in Converus
Kickstart Seed Fund
A venture capital firm based in Salt Lake City and Denver, specializing in pre-seed and seed funding for startups in the Mountain West region.
Peak Ventures
A Utah-based venture capital and private equity firm focused on supporting early-stage growth companies with strategic capital.
Alta Ventures Mexico
An investment firm providing strategic backing to high-growth companies, with a focus on fostering innovation across diverse markets.
What's next for Converus?
With the infusion of recent capital, Converus is well-positioned to accelerate its product roadmap and expand its footprint in the enterprise security sector. The company's strategic focus remains on enhancing the accuracy and speed of its diagnostic tools, ensuring they meet the rigorous demands of international regulatory environments. As organizations increasingly prioritize automated, non-invasive security protocols, Converus is poised to capture significant market share by integrating its solutions into existing human resources and risk management workflows. Future growth will likely be driven by the adoption of these technologies in high-stakes industries such as finance, government, and critical infrastructure protection.
See full Converus company page
