What is Evident?
Evident operates a sophisticated Identity Assurance Platform designed to mitigate the risks of personal data handling for modern businesses. By acting as a secure intermediary, the platform connects to thousands of authoritative sources, enabling real-time, accurate identity and credential verification. This approach allows organizations to confirm user identities with high confidence while maintaining strict compliance and privacy standards. Positioned at the intersection of cybersecurity and digital transformation, Evident serves as a critical infrastructure layer for enterprises that require rigorous verification processes without the burden of maintaining sensitive personal information repositories. The company's market position is bolstered by its ability to scale across various industries, providing a seamless, API-driven experience that replaces legacy, manual verification workflows.
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, Blue Cloud Ventures, Aspect Ventures, and Tom Noonan
Debt (2020): $350K featuring PPP
Debt (2021): $871K backed by PPP
Other Financing Round (2022): $14M with participation from Alumni Ventures, Gaingels, and Forté Ventures
Key Investors in Evident
New Enterprise Associates
A prominent venture capital firm established in 1977 that focuses on partnering with entrepreneurs to build transformative, high-growth businesses across various technology sectors.
Forté Ventures
An institutional venture capital firm that specializes in collaborating with Corporate Venture Capital groups to enhance the growth potential and strategic impact of their portfolio companies.
Gaingels
A leading investment syndicate dedicated to supporting the LGBTQ community and allies, providing capital and advisory services to high-growth companies committed to building inclusive teams.
What's next for Evident?
With this major enterprise-level funding, Evident is well-positioned to accelerate its product roadmap and expand its footprint in the identity verification market. The strategic focus will likely center on enhancing the platform's API capabilities, deepening integrations with global authoritative data sources, and scaling its enterprise sales operations. As regulatory scrutiny regarding data privacy intensifies, Evident's value proposition—enabling trust without data exposure—becomes increasingly vital. The company is expected to leverage this capital to solidify its leadership in the identity assurance space, potentially exploring new vertical markets where high-stakes verification is a prerequisite for operational success.
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