What is Evident?
Evident is a Wilmington-based technology firm that is fundamentally transforming how personal data is shared and verified. By providing a secure, API-driven Identity Assurance Platform, the company enables businesses to authenticate identities and credentials without the inherent risk and liability associated with storing sensitive personal information. Through its extensive network of authoritative sources, Evident offers a streamlined, compliant solution for organizations seeking to mitigate fraud while maintaining rigorous data privacy standards. The company's market position is defined by its ability to bridge the gap between high-security requirements and the operational need for seamless, real-time identity verification.
How much funding has Evident raised?
Evident has raised a total of $45.2M across 6 funding rounds:
Debt
$1.2M
Series A
$8.8M
Series B
$20M
Debt
$350K
Debt
$871K
Other Financing Round
$14M
Debt (2016): $1.2M, investors not publicly disclosed
Series A (2017): $8.8M led by New Enterprise Associates
Series B (2019): $20M supported by New Enterprise Associates, Tom Noonan, Blue Cloud Ventures, and Aspect Ventures
Debt (2020): $350K featuring PPP
Debt (2021): $871K backed by PPP
Other Financing Round (2022): $14M with participation from Forté Ventures, Gaingels, and Alumni Ventures
Key Investors in Evident
New Enterprise Associates
Established in 1977 and headquartered in Menlo Park, California, New Enterprise Associates is a venture capital firm focused on helping entrepreneurs build businesses.
Blue Cloud Ventures
Blue Cloud Ventures is a venture capital firm that specializes in providing expansion capital to leading cloud software companies, prioritizing collaboration with visionary entrepreneurs.
Forté Ventures
Forté Ventures is an institutional venture capital firm that specializes in collaborating and co-investing with Corporate Venture Capital groups to enhance startup growth potential.
What's next for Evident?
With the recent strategic financing, Evident is well-positioned to accelerate its product roadmap and expand its footprint in the enterprise identity market. The company's focus will likely shift toward deepening its API integrations and enhancing its verification capabilities to meet the evolving demands of global compliance frameworks. By leveraging its recent capital injection, Evident aims to solidify its role as the primary infrastructure layer for identity assurance, potentially exploring new vertical markets where data privacy and security are paramount. The firm's growth trajectory suggests a continued emphasis on scaling its technical infrastructure to support increasing enterprise adoption.
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