{"id":5277,"date":"2021-03-23T15:21:06","date_gmt":"2021-03-23T19:21:06","guid":{"rendered":"https:\/\/solutionsreview.com\/identity-management\/?p=5277"},"modified":"2021-03-23T15:21:06","modified_gmt":"2021-03-23T19:21:06","slug":"jumio-secures-150-million-investment-for-automation-innovation","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/identity-management\/jumio-secures-150-million-investment-for-automation-innovation\/","title":{"rendered":"Jumio Secures $150 Million Investment For Automation, Innovation"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-2414\" src=\"https:\/\/solutionsreview.com\/identity-management\/files\/2018\/03\/data-breach-costs-mod.jpg\" alt=\"Jumio Secures $150 Million Investment For Automation, Innovation\" width=\"800\" height=\"400\" srcset=\"https:\/\/solutionsreview.com\/identity-management\/files\/2018\/03\/data-breach-costs-mod.jpg 800w, https:\/\/solutionsreview.com\/identity-management\/files\/2018\/03\/data-breach-costs-mod-300x150.jpg 300w, https:\/\/solutionsreview.com\/identity-management\/files\/2018\/03\/data-breach-costs-mod-768x384.jpg 768w, https:\/\/solutionsreview.com\/identity-management\/files\/2018\/03\/data-breach-costs-mod-540x270.jpg 540w, https:\/\/solutionsreview.com\/identity-management\/files\/2018\/03\/data-breach-costs-mod-162x81.jpg 162w, https:\/\/solutionsreview.com\/identity-management\/files\/2018\/03\/data-breach-costs-mod-360x180.jpg 360w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Today, Jumio <\/span><a href=\"https:\/\/www.jumio.com\/about\/press-releases\/great-hill-partners\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">announced<\/span><\/a><span style=\"font-weight: 400\"> securing $150 million through an investment from private equity firm Great Hill Partners. The investment represents one of the largest funding rounds in the digital identity security marketplace.\u00a0\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><div class=\"box box3\">ALERT: Cyber threats don&#8217;t rest, even during global pandemics. You can learn more with the Solutions Review <a href=\"https:\/\/solutionsreview.com\/identity-management\/get-a-free-identity-and-access-management-software-solutions-buyers-guide\/\" target=\"_blank\" rel=\"noopener noreferrer\">Identity Management Buyer&#8217;s Guide<\/a> and our other resources.<\/div><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Jumio offers unified, end-to-end identity verification and eKYC platform to businesses. The Jumio KYX Platform offers a range of identity proofing and AML services to accurately establish, maintain and reassert trust from account opening to ongoing transaction monitoring. Additionally, Jumio leverages AI, biometrics, machine learning, liveness detection, and automation.\u00a0\u00a0<\/span><\/p>\n<p style=\"text-align: justify\">Great Hill Partners is based in Boston, MA, and targets growing companies across the software, digital commerce, financial technology, healthcare, and digital infrastructure sectors.<\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">According to a press release, Jumio plans to use the investment by \u201cdevoting additional resources to automate its identity verification solutions, expand[ing] the breadth of the Jumio KYX Platform and grow[ing] its suite of AML compliance services.\u201d The investment could also represent a turning point for the identity security market in general, given its size and significance.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\">Jumio CEO Robert Prigge shared some thoughts on the $150 million investment. &#8220;Nick, Matt, and the Great Hill team bring tremendous expertise and a strong track record of innovation and strategic leadership, so we are excited to partner with them as we continue to scale.\u201d<\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Great Hill Partners\u2019 Nick Cayer, who joins Jumio Board of Director, gave a statement with the release. \u201cOrganizations must digitally transform their onboarding, KYC, and AML monitoring processes, which have become even more vital as the volume of online and mobile payments reaches historic highs. We\u2019re impressed with this team, the company\u2019s robust growth over the last year, its global coverage, and the global market opportunity.\u201d\u00a0\u00a0\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Learn more about <\/span><a href=\"https:\/\/www.jumio.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">Jumio<\/span><\/a><span style=\"font-weight: 400\"> here.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><div class=\"widget\"><div class=\"aside-card\">\t\t\t<div class=\"textwidget\"><p><a class=\"iam-inject\" href=\"https:\/\/suggestionengine.solutionsreview.com\/buyer\/signup\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-1682\" title=\"\" src=\"https:\/\/solutionsreview.com\/identity-management\/files\/2021\/02\/Identity_Suggestion_Engine_Horiz_800.gif\" alt=\"IAM Solution Suggestion Engine\" width=\"800\" height=\"100\" \/><\/a><\/p>\n<\/div>\n\t\t<\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today, Jumio announced securing $150 million through an investment from private equity firm Great Hill Partners. The investment represents one of the largest funding rounds in the digital identity security marketplace.\u00a0\u00a0 Jumio offers unified, end-to-end identity verification and eKYC platform to businesses. The Jumio KYX Platform offers a range of identity proofing and AML services [&hellip;]<\/p>\n","protected":false},"author":41,"featured_media":2414,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6,1],"tags":[142,125,16,144,1204,76,425,70,1654,1169],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Jumio Secures $150 Million Investment For Automation, Innovation<\/title>\n<meta name=\"description\" content=\"Today, Jumio announced securing $150 million through an investment from private equity firm Great Hill Partners. Find out more here.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/solutionsreview.com\/identity-management\/jumio-secures-150-million-investment-for-automation-innovation\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ben Canner\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/jumio-secures-150-million-investment-for-automation-innovation\/\",\"url\":\"https:\/\/solutionsreview.com\/identity-management\/jumio-secures-150-million-investment-for-automation-innovation\/\",\"name\":\"Jumio Secures $150 Million Investment For Automation, Innovation\",\"isPartOf\":{\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/jumio-secures-150-million-investment-for-automation-innovation\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/jumio-secures-150-million-investment-for-automation-innovation\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/solutionsreview.com\/identity-management\/files\/2018\/03\/data-breach-costs-mod.jpg\",\"datePublished\":\"2021-03-23T19:21:06+00:00\",\"dateModified\":\"2021-03-23T19:21:06+00:00\",\"author\":{\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/#\/schema\/person\/357f925262827fcf840b4341920a1541\"},\"description\":\"Today, Jumio announced securing $150 million through an investment from private equity firm Great Hill Partners. 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