Identity Verification Firm SentiLink Secures $70m in Series B Funding

Fazzaco learned that SentiLink, a identity verification firm, has secured $70 million in a Series B funding round led by David Sacks of Craft Ventures with participation from Felicis Ventures and existing investors Andreessen Horowitz, 9Yards Capital and NYCA.

SentiLink plans to use the new financing to continue growing its product suite and expand its team to keep on top of new and developing threats.

Naftali Harris, co-founder and CEO of SentiLink, sayid: "Despite businesses spending large amounts of time and money trying to figure out if people are who they say they are, identity fraud is rampant and real customers suffer from false positives and unnecessary friction."

Founded in 2017, SentiLink is an identity verification technology provider that looks to help financial institutions tackle fraud and ID theft, which is currently causing "billions of dollars a year in losses".