What is Converus?
Converus specializes in developing and deploying advanced technologies that assess credibility and verify identities. Its flagship product, EyeDetect®, analyzes eye and behavioral patterns to detect deception with remarkable accuracy, typically within 15 to 30 minutes. Complementing this is IdentityDetect®, which uses subtle variations in motor nervous system responses to identify falsified identities in approximately 1 to 3 minutes. These solutions are critical for organizations seeking to enhance security, prevent fraud, and ensure integrity in their operations. Headquartered in Lehi, Utah, Converus is positioned at the intersection of technology, security, and behavioral science.
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 Alta Ventures Mexico, Kickstart Seed Fund, Molecular Cloud, and Peak Ventures
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
Kickstart Seed Fund is 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. Since 2008, they have actively partnered with entrepreneurs across various sectors, including B2B SaaS, fintech, healthtech, and consumer products. The firm aims to support early-stage companies by providing the necessary capital and resources to help them grow and succeed.
Peak Ventures
Peak Ventures is a company that operates in the Venture Capital & Private Equity industry. It employs 20to49 people and has 1Mto5M of revenue. The company is headquartered in Lehi, Utah.
Alta Ventures Mexico
Alta Ventures Mexico is an investor that has participated in multiple funding rounds for Converus, indicating a sustained interest in the company's growth and technological advancements in the credibility assessment sector.
What's next for Converus?
With a history of securing significant capital, Converus is poised for continued expansion and technological advancement. The company's focus on scientifically validated methods for deception detection and identity verification addresses critical global security needs. Future growth is likely to involve further refinement of its core technologies, expansion into new markets, and strategic partnerships to broaden the application of its assessment tools. The ongoing investment in this sector signals strong market confidence in Converus's ability to provide reliable and effective solutions for high-stakes credibility assessments.
See full Converus company page
